Overdraft Loans

Overdraft loans

OVERDRAFT loans

purpose

  • Financing the working funds
  • Financing current liquidity

term

Up to 12 months

Approval currency/ Payment currency

Local currency /Dinars

annual interest rate (fixed)

 18.00%

Fees

Front-end fee (calculated against the approved amount): 0.60%, min. RSD 2,000 one-one-time

SPECIAL OFFER: From 01.03.2016 to 31.05.2016 – no charge of front-end fee

COLLATERAL

Blank own promissory notes of the entrepreneur / legal person

Personal P/Ns of the founder holding the biggest share in equity or a legal representative – for the legal person

EXAMPLE: OVERDRAFT LOANS IN DINARS, IN THE PERIOD OF THE SPECIALOFFER - FOR ENTEREPRENEURS

loan amount  

RSD 200,000

stipulated currency

Dinars

TERM

6 months

NOMINAL INTEREST RATE ON ANNUAL LEVEL

18.00%, fixed

bank’s front-end fee     

 No fee                        

LOAN COLLATERAL

Blank own promissory notes of entrepreneur (6)

COSTS OF OBTAINING CREDIT BUREAU REPORT

RSD 600

COSTS OF OBTAINING CREDIT BUREAU REPORT FOR A NATURAL PERSON

RSD 246

COSTS OF p/n issue

RSD 300

COSTS OF OBTAINING CERTIFICATE FROM THE PUBLIC REVENUE ADMINISTRATION

RSD 600*

TOTAL LOAN AMOUNT WITH INTEREST

RSD 218,000

EFEKTIVNA KAMATNA STOPA

21.63%

Calculation of EKS as of 01.03.2016
*The costs incurred to the borrower which amount cannot be influenced by the Bank, and which are included in the calculation of effective interest rate. These costs are indicative on the day of EIR and the Bank has no influence in terms of the amount of these costs.

.