Welcome Overdraft

Welcome overdraft – is a quick and easy way for new and existing SME customers (national companies with an annual turnover from UAH 1.5 million to UAH 100 million) to access short-term financing in OTP Bank and to have possibility to overdraw the current account up to the amount of established limit.

Basic parameters of Welcome overdraft:

• Limit amount – from UAH 25 000 to UAH 2 500 000, subject of regular review depending on activity of the Client`s current account in OTP Bank;
• Term of financing – max 1 (one) calendar year;
• Tranche tenor (continuous indebtedness) – max 30 (thirty) calendar days;
• Interest rate – 19,9% per annum;
• Flat fee for establishment of the overdraft limit – no fee;
• Monthly management fee for overdraft limit – 0.5% from the actual maximum amount overdraft limit utilization during the month (min. 100 UAH, max. 5000 UAH);
• Collateral – blank;
• Surety – without surety.

Main advantages of Welcome overdraft:

• Minimum package of documents: duly verified financial statements of the company, turnover receipt from another bank (if necessary);
• Quick decision: up to 3 days;
• Simple and transparent pricing: a fixed interest rate and monthly management fee for overdraft limit, there is no fee for establishment of the overdraft limit or other fees;
• No collateral and surety;
• Overdraft limit depends on intensity of the Client`s current account activity in OTP Bank.

• Welcome Overdraft Rules and Terms of Use (effective from 30.07.2018)
• Welcome Overdraft Rules and Terms of Use (effective from 06.11.2017)