Overdraft
Opportunity of prompt raising finance
What is overdraft for?
Overdraft is one of the most popular credit products, providing for automated crediting of a settlement account by the bank within the established limit. Overdraft is repaid by direct debiting when funds are received to the company’s account.
Basic Conditions
- Overdraft contract term: 12 months
- Amount: up 30% of the monthly turnover
- No mandatory zero balancing during the term of the contract
Advantages
- Automated repayment when funds are credited to the account
- No zero balancing is required during the term of the contract
- Confirmation of use for the intended purpose is not required
Basic requirements on a borrower
- A borrower must be an RF resident legal entity
- The length of the company’s operation must be at least 2 years
- Stable diversified turnover on the company’s account
- Place of business – Moscow, Moscow Region or the cities where the Bank’s branches are presented
- The company must have no overdue tax payables and no file of overdue payments to settlement accounts with other banks
- The borrower, pledgors, or sureties are neither in bankruptcy nor in liquidation
- The client’s activity must be conducted without violation of environmental standards and requirements of the RF legislation
4 steps to receive overdraft
- Complete the application form in the Bank’s website or dial +7(495)705-90-90 or 8(800)200-02-23 to receive advice. The Bank’s employee will make an appointment with you
- Based on the received information, the Bank’s employee will inform you within three days of the preliminary decision of the Credit Committee
- Submit to the Bank the complete set of documents. Within 2 - 3 weeks the Bank will make the decision on the possibility of providing overdraft to your company
- Sign the contract and use overdraft for your business
