Overdraft – a short-term loan, which enables a borrower to make payments in excess of the balance on current account of the borrower up to the established limit. It is no need to provide the Bank with a request for drawdown of funds. The main difference of overdraft from other loans is that the repayment of overdraft is made out of incoming proceeds to the borrower`s account
Basic conditions of financing
Minimum amount: UAH 2 000 000
Tenor of financing: up to 1 year
Currency of financing: UAH
Interest rate: fixed
Organization fee: defined individually
Possible collateral (or its combination)
- pledge of fixed assets (property complexes, real estate, equipment, vehicles, agricultural machinery)
- pledge of goods in turnover
- pledge of property rights under deposits placed in OTP Bank
- credit repayment guarantee of other bank acceptable for OTP Bank
- financial surety (corporate guarantee) issued by a company acceptable for OTP Bank
- financial surety of the borrower`s owners
