Your Benefits from the Overdraft
A higher amount compared to your monthly salary, which you can use at any time
Competitive interest rates.
Fast approval process
Open overdraft line at any time you need
More on Overdraft
Maximum amount: Depends on the institution
For public sector employees up to 3 monthly net salaries
For private sector employees up to 2 net monthly salaries
Duration: 12 months, to be renewed upon your request.
Currency: overdraft currency is in the same currency as the client’s salary.
Interest Rate: The interest rate is variable and is based on the Retail Credit Bulletin.
Repayment scheme: principal can be paid back at any time; interest is paid back on a 3-month basis.
Penalties: In the event of delays in the payment of OVD, the bank applies a delay penalty, based on the current Terms & Conditions.
Early Re Payment: The bank accepts partial or total repayments before the maturity of the loan. No additional fees apply.
Collateral: no collateral or co-borrower is required for OVD.
For more information please download pre-contractual standard overdraft documents on salary
How To Get the Overdraft
This product can only be used by customers who have a salary agreement with our bank
Proof of income (from salary, rent, or both).
Identification Documents (ID or Passport)
The Settlement Agreement signed with the bank.