Overdraft on the account

Bank can approve an overdraft loan on the clients account to the individuals who receive their salary at the account opened with the Bank, under the following conditions:

  • The amount of the approved overdraft cannot exceed amount of 2 salaries of the individual which is submitting request (by salary we mean an average salary which client obtained with in last 3 months prior to submitting this request) 
  • Overdraft on the account can be approved to the period of 4, 6, 9 and 12 months.
  • Interest rate for the overdraft on the account amounts to 16 % annually.

Overdraft is approved based on:

  • Properly filed out overdraft on the account request form.
  • Certified forms Confirmations/Statements on the amount of salary and administrative orders for the borrower.
  • Copies of personal ID for the Borrower.

Interest rate on the used on the used funds is calculated and charged on every last day of the month.