Short-Term Loans on Current Account/Overdrafts
PURPOSE AND TENOR
For financing daily operations of client for period of up to 12 months
AMOUNT OF LOAN
The maximum loan on current account amount/overdraft is equal to the client’s average balance of deposits with the Bank during the preceding 3 months increased by 10% of the outgoing payments made during the preceding 30 days.
Exceptionally, in case of acquisition of new clients, this criterion can also be applied to the realized payment transactions with other banks.
CURRENCY
Loans are approved in RSD without currency clause
INTEREST RATE (annually)
- interest rate with application of BELIBOR: 1M BELIBOR + 10 p.p. (EIR: from 22.57 % as of 13/09/2010)
- uniform interest rate: 22% (EIR: from 24.74 % as of 13/09/2010)
DISBURSEMENT
The approved loan can be drawn upon fulfillment of all required conditions
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