Overdraft
Advantages
Possibility of repeated use
Possibility of repeated use
Possibility of repeated use
Automatic provision and repayment
Automatic provision and repayment
Automatic provision and repayment
Continuity of payment processing
Continuity of payment processing
Continuity of payment processing
Possibility of use in parts
Possibility of use in parts
Possibility of use in parts
No penalty for early repayment
No penalty for early repayment
No penalty for early repayment
Overdraft conditions
| Purpose of the loan |
Replenishment of working capital in connection with business growth Covering short-term cash gaps Absence of strict restrictions on targeted use |
| Loan amount | Up to $1,000,000 |
| Amount of funding |
2,100,000 – 41,000,000 soms $25,000 – $500,000 |
| % rate in soms |
15% per annum *effective interest rate from 18.69% |
| % rate in USD |
11% per annum *effective interest rate from 11.73% |
| Active current account in DemirBank | Minimum 6 months |
| Overdraft limit period | 12 months with the possibility of further extension |
| Interest repayment frequency |
Monthly according to the actual number of days of overdraft use |
| Security | Pledge of movable/immovable property, personal guarantee, corporate guarantee |
| Early loan repayment fee | Not applicable |
| Insurance of the Pledge | Required (for amounts over $20,000) |
| Frequency of principal repayment | Automatic repayment on the day funds are received into the account, but no more than 3 months |
How to get an overdraft?
STEP 3
Contact the bank
Contact any bank branch with a completed application and a package of documents
STEP 4
Review
The application will be reviewed within 5 working days, after which you will be informed of the Bank's decision*
* The loan review period may be extended at the bank's discretion
Service points
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