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Overdraft on a current account

Objective
Coverage of temporary insufficiency of financial resources.

Amount
As negotiated, depending on the realized average monthly turnover on current accounts for the last year.

Term of debt liquidation
Up to 12 months with an option for prolongation.

Absorption
On a current basis and on a current account up to the authorized amount.

Servicing
On a current basis with all receipts on the current account. Discharge is made upon expiration of the term of the overdraft contract.

Annual interest rate
Basic Interest Rate + extra as negotiated.
Preferential interest rates for customers that have paid in a timely manner at least one credit granted by the Bank.

Security
• Mortgage of future receipts – all receipts under the account on which the overdraft is granted.
• Assets of the company or third liable parties, accompanied by market evaluation prepared by licensed assessor nominated by the Bank.

Fees and commission charges
As fixed in Tariff of INTERNATIONAL ASSET BANK AD

Supplementary terms

• The company must have no less than 12-month business history.
• Overdraft amount and the pertaining specific terms are to be defined on the grounds of business project and the realized average monthly turnover for the last year.
• Security insurance in favor of the Bank until credit payment.

Supplementary conditions

• Opening of card accounts for the employees and officers of a company for direct payroll transfer.
• Option for overdraft on card accounts.
• Option for deposit accounts enabling flexible operation of the resources.