Overdraft

The aim of overdraft service - is efficient replenishment of circulating assets, for realization an economic activity of a client.

Mechanism of an overdraft:

1. In the course of a workday in case of shortage or means absence on the current account of the client, bank pays his payment orders, at the cost of overdraft in the range of the limit. Meanwhile, the debit balance is repulsed on the current account.
2. the interest for using an overdraft is charged daily for an actual amount. This means that if the indebtedness or it’s part will be discharged by receipt to the current account the day it appeared – the interest for this sum wont be charged.
3. Available limit remains in the client’s disposal;
4. Offset of debt for overdraft is done automatically after funds are receipted to the current account.

The limit of an overdraftis defined on the ground of financial status data of the client and depends on the size and dynamics of the client’s in payments for the last quarter and fixed , as a rule, at the rate of 10%-15% from the sum of receipts on the current account, but not more than 500 000 UAH.

Requirements to the borrower - legal persons clients of «Investbank» enjoy the rights to obtain the overdraft, who fulfill the following conditions:
- existence of the current (currency) account in the Bank, stable receipts of funds to the account, on which overdraft is given;

Depending on the terms of collaboration, the following conditions are applied:
- 3 month - 10% of the sum of receipt for the quarter, preceding the client’s appeal;
- 6 month - 12 % of the sum of receipt for the quarter, preceding the client’s appea;
- 12 month - 15% of the sum of receipt for the quarter, preceding the client’s appeal.
Maximum allowed limit of an overdraft is not more than UAH 500 000.

Interest rate for using an overdraft is 22-25% annual.

The advantage of this type pf crediting is the minimal amount of documents, efficiency of preparation and essential economy of monetary funds.

The limit revision is done quarterly on the basis of data about receipts on the current account. The limit changes are done by signing of an additional agreement.

Contact phones:

• Main office: (Odessa, Bolshaya Arnautskaya str., 2B) 728-74-43
• Branch: (Odessa, Grecheskaya str., 45) 726-99-33.