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 TERMS AND CONDITIONS |
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| Borrower | Private entrepreneur of enterprise (PI, LLC), which possess at the moment of loan receiving:
- business active not less than 6 months,
- current account not less than 3 months in Kreditprombank or other bank. |
| Collateral free pledge amount of overdraft | Up to 30% of turnover on the account, but not more than 100 000 hrn. For the clients with active current account in Kreditprombank more than 3 months. Up to 20% of turnover, but not more than 100 000 hrn. For the clients, having turnovers in other banks. |
| Amount of overdraft against collateral | Up to 50% of collateral value. |
| Overdraft term | 3 months of permanent overdraft using. |
| Periods of the debts repayment | Monthly (last working day of the month) and in the day of overdraft close. |
| Overdraft security | Movable and real estate can be accepted as collateral. |
| Fees and commissions | According to overdraft agreement. |
| Advantages |
- Possibility to obtain overdraft from the first day of the current account opening in Kreditprombank (to provide turnovers on the account in the other bank);
- Possibility to increase limit amount of overdraft while increasing turnovers on the account;
- Accounts in other banks are taken into consideration;
- Simultaneous funds receiving within the limits set;
- Repayment of overdraft, interests, commissions is provided by the bank automatically at the expense of new funds received on the current account;
- Interests are accrued only on utilized amount of the overdraft;
- In the case the overdraft was repaid in the day of its utilization, interests are not accrued;
- Possibility to obtain overdraft with NO LIMIT up to 100 000 hrn.
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| Additional information | Why overdraft?
- You can provide timeliness of calculations with suppliers and partners even within temporarily lack of funds on the account;
- You won’t have to withdraw money from business to provide payments on the account;
- You can save on taxes, assigning interests and commissions payments to grass costs of legal entity.
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Overdraft