We are talking about two different term here, ASB & Overdraft. Everyone knows ASB is an investment fund that managed by ASNB, PNB’s wholly owned subsidiary. ASB is giving very attractive return & one of the highest paying dividend fund.
While, an overdraft (OD) is a type of bank loan facility where we are allowed to withdraw money from current account exceeding the available balance. The benefit of OD is, the interest is charged on overdrawn amount from your OD account on daily rest. This will be beneficial if you only need a short term loan. Comparatively interest rate for personal loan is charged on total loan amount