rus eng esp
Client-Bank System for individuals – EUROLINK>>

More about EuroLink System>>

Client-Bank System for legal entities>>




Providing an overdraft facility is meant to finance a company's current or settlement account (in case of insufficient account balance) and to pay invoices on those accounts. A borrowing company can use an overdraft not exceeding a specified spending limit.

An overdrafts provides a borrower with cash funds in the period when liabilities have been paid but receivables like sales revenues, etc. have not arrived yet. With such a loan, the borrower can meet its payment obligations on time regardless of its cash flow dynamics.

As a rule, an overdraft is provided for no longer than 12 months and the maximum payback time ranges from 14 to 30 days. Funds which come to the company's credited account are immediately, acceptance-free, withdrawn by the Bank, to cover the borrower's debt on a FIFO (first-in-first-out) basis, that is, the amount borrowed earlier is redeemed earlier than that borrowed later.

The interest rate in each instance of using an overdraft is set as based on an offer and acceptance quotes. The quotes are exchanged according to the procedure and within the term specified in the loan agreement. A specified interest rate can be set for a certain period of time.

Overdrafts are provided only to companies that have held an account with the Bank for at least 3-6 months and have sufficient cash flow on the account for which overdraft is opened.

For further information on main lending products contact Corporate Business Development Department:

by phone (+7 495 967 8130) or by fax (+7 495 967 8133)


Client Support:

Main office address:
29 Novy Arbat
Moscow 121099

Phone: +7 495 967 81 82
Phone: +7 499 300-9832
Fax: +7 495 967 81 33

More >