Overdraft lending for legal entities. Overdraft loan for legal entities

Overdraft service for legal entities gaining popularity among corporate clients, IP, LLC, using the services of banking institutions.

It can be very useful, but first you need to evaluate all the pros and cons of such an offer, as well as evaluate the conditions offered by different banks.

And how is the overdraft written off from legal entities? When money is credited to the account of a legal entity, first of all they go to pay off the debt. The interest specified in the overdraft agreement for legal entities is also taken into account.

Using the service is convenient for legal entities, since it is possible to receive funds at any time when they are needed (read more about overdraft for individual entrepreneurs, small businesses and enterprises).

Comparison with credit and differences

Overdraft, in fact, is a loan, but it has legal entities.

These include the following:

• Overdraft is issued for a shorter period.
• With classic lending, the available amount is calculated depending on the goals and solvency of the client, with overdraft - on the turnover Money On account.
• With an overdraft, the amount is fully repaid automatically upon replenishment personal account, the loan involves its partial repayment by depositing funds into a bank account.
• Overspending can be provided at the request of the client, and when lending, this is decided individually.
• The interest rate for classic lending to legal entities is fixed and is determined at the conclusion of the contract, while for an overdraft it depends on the terms and amount. Due to the large cash turnover, it may decrease.

In each case, the question of which is better is decided individually.

1. Unsecured. This type of lending (overdraft) for legal entities is most often issued for a period of not more than a year, without collateral.
2. secured. Loan terms in this case may be higher - up to two years, but the conditions may differ.

   The possibility of overspending in this case reinforces the pledge in the form of property or guarantee obligations with the participation of third parties.

   How is an overdraft provided to a legal entity? On collateral, banks can take real estate, goods in circulation, securities, bank guarantees, rights to accounts receivable etc.

Offers from banks

Many big banks offer this service for legal entities (about banks that provide this service -). Consider the conditions for several of these proposals:

VTB 24

Sberbank

Quite often this loan product issued in Sberbank. It offers two programs.

The first is Express-Orvedraft, on it the interest is 15.5%, and the maximum that you can borrow with a good history is 2.5 million rubles.

In the absence of a credit history, the limit is 1.25 million rubles.

Second - Business Overdraft, calculated at a rate of 12.73%. The total amount can be up to 17,000,000 rubles, the tranche is 30-90 days.

This program mainly assumes the presence of an excellent credit history and the active work of the organization.

Packages are designed for up to a year, while the commission for opening is 1.2% of the amount. Overdraft for legal entities in this case is provided without collateral. Read more about overdraft at Sberbank -.

Promsvyazbank

The amount can reach up to 60,000,000 rubles, but it cannot be more than half of the proceeds to the current account. Interest - from 13%, term - up to five years.

Tinkoff

In Tinkoff Bank, the percentage is from 24.9%, but the amount and terms are calculated individually in each case. You will learn about an overdraft from Tinkoff Bank.

Registration procedure

To be able to use bank funds, The borrower must meet a number of requirements:

The client submits the main set of documents when opening a current account. Most often, a service contract already includes the ability to connect a limit.

After 2-6 months, the bank will offer to do this, or you can apply yourself.

In the first case, you can simply refuse to overspending, if there is no need for it. In the second, the bank will analyze the financial position of the company, calculate the appropriate limit for legal entities and the percentage when determining the overdraft rate individually.

Directly when connecting the service, the following documents may be required:

• Application and questionnaire;
• Constituent documentation with seals government agencies registration;
• A copy of the license to conduct a certain type of activity, certified by a notary.
• Financial reports marked by the tax authorities.
• Audit data.
• Information about the balance of finances, the absence or presence of debts.

What do you need to quickly get an overdraft for legal entities?

Today, there are several overdraft options for a legal entity.

It can be standard (classic), issued in advance to the most reliable customers, for collection or be technical. At the same time, it is always necessary to remember that when concluding a transaction, a bank branch can always:

1. Automatically write off money from the account in order to repay the loan and the interest rate;
2. change tariffs with the consent of the client or in unilaterally(such a nuance must be indicated in the contract);
3. receive commission on time;
4. interrupt service due to breach of contract agreements.

Unlike leasing or consumer lending Here, interest is calculated on the remaining debt. In the case of systematic replenishment of the account, you reduce the debt by the end of the term, as well as reduce interest costs.

List of required documents

To obtain a loan, a legal entity must provide a list required documents which includes:

• Loan application;
• copies of statutory and constituent documents with additions and changes, which confirm the legal capacity of the client. All copies are certified by the body that registered the document, or notarized;
• charter (changes to the charter);
• registration certificate;
• protocol of the authorized body on the appointment of the head (extract and photocopy, certified by the seal of the enterprise or organization);
• permission to engage in a type of activity;
• photocopies of passports of the chief accountant and the head of the enterprise, who have the right to sign financial documents;
• employment contract with the head of the enterprise in terms of authority, term, duties and rights;
• financial statements as of the last date with a mark of the tax authorities.

The period of execution of an agreement for obtaining an overdraft is no more than 6 months. Based on the average monthly receipts, a limit is set on the client's account. The loan is credited to the account within 3-6 months.

Of course, the procedure for drawing up an agreement differs depending on the bank. Credit application can be reviewed within 3-4 business days, but processing will then take a long time. If the amount is up to 6,000,000 rubles, then the application can be considered without assessing the business by a loan officer.

Interest rate

How is this loan repaid? Very often, a financial institution writes off the amount of the principal debt after the receipt of money in the current account.

At the same time, the accrued interest rate will be withdrawn monthly and at the end of the term of the loan agreement. In most banks, the interest rate is in the range of 10% -20% per annum.

In addition to the standard interest rate, a commission can be additionally withdrawn - monthly or lump-sum. It is about 0.2-1% of the loan limit. Minimum amount for maintenance of the account may be less. For example, in Baltinvestbank it is 0.17%.

In Sberbank of Russia, you can in the amount of 1,000 rubles to 30,000 rubles. It all depends on the size of your wages.

The interest rate is 16% in euros and US dollars and 18% per annum in rubles. If the spending limit is exceeded, the interest rate will be 33% per annum in the case of euros and dollars and 36% in rubles.

It is charged on the overdraft amount spent in excess of the limit. This rate is similarly valid in case of late repayment of the loan. For example, in case of delay in wages.

If you want to avoid this turn of events, replenish your account balance in cash or from any other sources.

If you decide to take a loan and already know how for legal entities, ask the branch financial institution how much you can expect.

No bank will provide an opportunity for unlimited use of its own financial reserves. In this case, there is a so-called limit - maximum amount, which can be spent by the client. It is calculated based on solvency and income.

The limit does not exceed 70-90% of the institution's client's profit. In this case, the higher the monthly profit, the more amount provided by the bank.

The maximum amount in Sberbank of Russia is related to the company's turnover on the account. It is within 15% -40% of the total monthly turnover. But in Alfabank, the maximum amount of debt can be up to 50% of all receipts to the current account. This loan is issued for up to 60 days.

Indeed, such a financing option is carried out for a short period of time (30-60 days) and only in a non-cash way.

Debt repayment does not provide for a personal transfer of funds to the cashier. There is an automatic write-off of the amount of debt from the client's account after the receipt of funds.

The amount of the interest rate can also be written off automatically for the period of using all funds or as a total amount for the entire period of using this service. It is more profitable to draw up such an agreement than a number of others, therefore, today both individuals and legal entities turn to it quite often.

Check out the offers of banks

Card with cashback in Rosbank

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• Cashback up to 7% - for selected categories;
• Cashback 1% - for all purchases;
• Bonuses, discounts on goods and services from VISA;;
• Internet banking - free of charge;
• Mobile bank- is free;
• Up to 4 different currencies on 1 card.

Card from PromsvyazBank

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• Up to 5% cashback;
• Cash withdrawal without commission at partner ATMs;
• Internet banking - free of charge;
• Mobile banking is free.

Card from Home Credit Bank

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• Up to 10% cashback from partners;
• Up to 7% per annum on the account balance;
• Withdrawing funds from ATMs without commission (up to 5 times a month);
• Apple Technology Pay, Google Pay and Samsung Pay
• Free internet banking;
• Free mobile banking.

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• Cashback up to 10% from gas stations
• Cashback up to 5% from bills in cafes and restaurants
• Cashback up to 1% on all other purchases
• Up to 6% per annum on the balance
• Card service - free of charge;
• Free internet banking;
• Free mobile banking.

The term overdraft for legal entities is widely used in the banking sector.

It is extremely important for any entrepreneur, enterprise intending to use a loan for their business activities, to have a clear idea of ​​all the intricacies of this financial and legal term.

What it is

Overdraft - the excess of the client's expenses over the balance of funds on his bank account. The deposit can be ordinary, or in the form credit card. The client may be an individual or a legal entity. The definition of the term from a legal point of view is given in.

A legal entity can receive this service by directly concluding an agreement with a servicing bank, which contains a description of the procedure for using a current account. For example, counterparties can freely transfer money to it, and the client himself can pay his expenses even when the account limit is exceeded.

Overdraft is a bank service, without an appropriate agreement it is not provided.

Overdraft is always limited a certain amount. The client can freely transfer funds to other accounts exactly until the amount of the overdraft is exhausted.

With any receipt of money to the current account, they first of all go to repay the overdraft, taking into account the interest that is determined by the terms of the agreement for the use of borrowed funds. For any legal entity, the overdraft service is a matter of convenience, since any invoice issued by the counterparty can be paid on time, without delaying the fulfillment of the obligation taken.

There are several types of overdraft for legal entities:

• standard;
• in advance (only for clients with an impeccable reputation);
• for collection (for customers with a current account credit turnover of 75% of the collected proceeds and more);
• technical (for already executed and guaranteed receipts to the client's current account from his partners, it is allowed).

In each case, depending on the specific type of business (services, trade, etc.), the bank's client is provided with the optimal type of overdraft for both parties. The lender always stands guard over his interests, therefore, he strives to offer the legal entity the least risky option.

Lending terms

According to the standard scheme, overdraft is provided to legal entities on a contractual basis for up to 1 year. The maximum amount of borrowing for each client is determined individually, and can reach 70% of the average turnover on the current account.

The loan is repaid every day. And it is carried out automatically from any funds received on the borrower's current account until the overdraft is closed.

There are two types of lending for legal entities:

• without collateral;
• with a pledge.

The first type is also called blank, and the second - with collateral. A blank loan can be obtained by a client with an excellent credit history in this bank.

The interest rate for the use of borrowed funds directly depends on the term of the loan. Usually, for short periods (up to 1 month), the interest rate is low, but when they are exceeded, it rapidly increases several times.

In addition to interest for using a loan, the bank may charge various commissions:

• for consideration of the application;
• for opening an account;
• for personal affairs;
• for supporting the provided loan, etc. (item 1).

That is why it is important to carefully study the full text of the treaty, as simple bet may not reflect the true picture in its entirety. The range of rates depends on the type of currency.

Foreign companies charge much lower commissions than domestic banking organizations. If the loan is secured by real estate, then such loan agreement subject to mandatory registration.

Requirements for borrowers

The final list of requirements for the borrower is determined on an individual basis by the credit institution that provides the loan. However, it must be recognized that there are General requirements recognized by all lenders as important and binding.

These include:

1. Providing reliable information about the turnover of a legal entity for a certain reporting period(for six months, a year).
2. Opening a current account in this bank for an amount equal to or greater than size limit overdraft (secured loan).
3. When opening an account without collateral, it is created at least six months before the expected date of opening the overdraft. All this time, the future borrower demonstrates the stability of his financial position. In particular, funds must be credited to the current account at least 12 times a month.
4. The total work experience in this area of ​​the legal entity must be more than 1 year.
5. At the time of opening the overdraft, the client should not have any unpaid orders or claims on his current account.

What amount to expect

The amount that a bank can provide a legal entity with an overdraft depends on which type of loan is chosen in this case. A standard overdraft facility is provided to businesses to pay their expenses regardless of the status of their deposit.

The limit in this case is calculated as follows:

Limit=T/2

T is the standard designation for a small truncated monthly credit turnover. To calculate it, a standard method is used: they choose in each of the 3 recent months 3 maximum credits to the current account (loans are not taken into account), and then the month with the lowest turnover is taken as the countdown.

Advance overdraft - it is provided to trustworthy clients of the bank in order to conclude agreements with them for settlement and cash services in the future.

The formula for calculating the limit in this case looks like this:

Limit = T(a) / 3

T (a) - a small truncated monthly credit turnover, minus payments paid by the client on loans and interest on them.

Calculate it like this:

• within 3 months, 3 maximum credits to the current account are deducted from the monthly credit turnover, excluding loans taken and receipts from accounts in other banks
• then from these three months choose the one where the amount was the smallest;
• future payments on borrowings and interest on them for 2 months in advance are deducted from this amount.

An application for an overdraft is submitted by the organization and considered by the lender within 30 calendar days. Only after that, the potential borrower is officially notified of the decision.

Overdraft for collection - it is given only to those companies that fully meet all the requirements of this banking organization and more than 3/4 of their turnovers on the credit of this current account are received at the expense of collected foreign exchange earnings.

The overdraft limit formula for collection is calculated as follows:

Limit = I / 1.5.

I - a small monthly amount of cash of the enterprise, calculated as follows: within 3 months, 3 maximum credits in currency are deducted from the monthly amount of cash, and then the smallest month is selected and it is taken as the settlement month.

Technical overdraft - can be provided to an organization without taking into account its actual financial condition. In this case, the trust of the bank is caused by already registered receipts to the account, with a high degree of liquidity.

The formula for calculating the limit looks like this:

Limit = 0.95 x Su x K or Limit = 0.95 x S., where:

• Su is the amount in foreign currency, which the company sent for conversion into rubles in this bank;
• K is the exchange rate of this currency on the date of the money transfer;
• S is the amount of guaranteed transfers to the legal entity's deposit in this bank in the next 3 business days.

As soon as the expected receipt is actually credited, the overdraft is locked.

Interest rates

There is no single methodology for calculating interest rates for using an overdraft, which is used by all credit institutions as a basis. Everyone is free to set maximum rates for using an overdraft, for violation of the terms of return, for exceeding the limit, etc. at their own discretion. (Clause 1, Article 809 of the Civil Code of the Russian Federation).

In each particular case, the financial condition company, its trustworthiness, whether the potential borrower in this bank provides settlement and cash services, collection. The more crystal credit history, the more preferential terms can expect a future borrower.

The limiting factor is competition. Any organization has the right to change the service bank, if it is not satisfied with the proposed interest rate, apply to another financial institution with more favorable conditions.

This is the main reason why the fee for using borrowed funds is slightly higher in most Russian banks. key rate Central Bank for a grace period (30 days), and then rises to 20%. Interest is charged on the loan amount daily until the loan is repaid, and they can also be charged for (clause 4, article 809 of the Civil Code of the Russian Federation).

Processing time

It is far from always that a potential borrower knows exactly when he may need an overdraft service. Financially stable enterprises are much more likely to issue targeted loans on certain conditions, choosing one or another bank for their financial reasons.

But there are those who prefer to draw up a contract in advance. In this case, in order to get the maximum profitable proposition the company purposefully demonstrates its financial solvency for a period of 3 to 6 months. All this time, the lender evaluates the amount of income and, based on these actual data, calculates the limit on by the formula.

The term for consideration of the application with advance application is 3-6 months.

Then the bank makes a decision and officially notifies the future borrower about it. But in individual cases a legal entity can get a loan in a shorter time. For example, an application can be satisfied in just 3-4 business days, but it will still take a lot of time to finalize the contract.

Usually with overdraft amounts up to 6 million rubles, bankers prefer not to study closely financial indicators specific business, trusting money under a little more high interest. AT special occasions the lender can go for .

Package of documents

Banks are very attentive to the due diligence of their future borrowers.

For this reason, the package of documents required to obtain an overdraft for a legal entity consists of three large groups of papers:

1. Identifying the head or authorized person: an application in the form of a bank, copies of the management's passports with the rights to affix the first and second signatures, TIN.
2. Constituent: certificate of state registration, charter.
3. Financial: information from other organizations where the client has current accounts on the presence or absence of debts, on the size of turnover, on loans.
4. Bank offers

Domestic banks are ready to lend money to businessmen in the form of an overdraft, while each offers its own conditions. It can be seen from the above table that Sberbank is the market leader, since the commercial offers of the rest are forced to compete with it.

Table. Conditions for granting ruble loans to legal entities as of July 2019

*- the interest rate is determined on an individual basis.

Advantages and pitfalls of an overdraft facility for legal entities

Among the pitfalls awaiting newcomers to the use of overdraft facilities for legal entities, the following can be listed:

1. Without proper experience in accumulating the necessary funds on the current account by the reporting date, you may encounter the fact that the limit will be withdrawn or significantly reduced. For this reason, it is extremely important to clearly understand how stable the real state of affairs in the company is and how financially stable the most important and largest counterparties are.
2. The bank that issued the overdraft to a legal entity may require that all the money received during this period be credited to the client's account until the debt is paid off, even if the receipts significantly exceed the overdraft limit. For a company, this can become a significant deterrent that does not allow free disposal of incoming money from business partners.

The unconditional advantages of an overdraft facility for legal entities include:

1. A simple application and registration mechanism, especially for those companies that are serviced by this bank and have already managed to fully demonstrate their financial stability.
2. The ability to quickly receive the necessary funds for business development when cash is not enough.
3. Acceleration of mutual settlements with counterparties when receipts from buyers and consumers of services are late.
4. Possibility to use only a part of the limit provided by the bank in order to minimize the overhead costs for paying interest for the use of borrowed funds.

The main danger that lies in wait for businessmen who decide to use an overdraft is an overestimation of their own capabilities. Only a sober calculation can help not to fall into a debt hole.

It is no coincidence that banks prefer for a long time (up to 6 months) to observe with what regularity and in what amounts money is received on the current account of a potential borrower. And only after careful calculations is determined the maximum amount that a bank with moderate risk can provide a client for a short time.

From a business point of view, an overdraft is an index of the bank's reliability and trust in a particular client. The more clients a particular organization has, the higher its income. Opportunity to offer potential borrowers overdraft service dramatically increases loyalty to this credit institution in financial circles.

There is currently a downward trend in interest rates in Russian banks for the use of overdraft facilities for individuals and legal entities.

Getting approval for this service just got easier. It is beneficial for bankers to offer an overdraft to large customers, as this automatically means opening a current account, which means that even a businessman who has not used the offered service will pay for the service.

Video: What is the overdraft limit for legal entities - 2.

Every citizen knows what lending is and what benefits it provides for regular users of programs. But few people are interested in an alternative solution, namely the overdraft service.

In some cases, this can be a worthy replacement for the usual consumer loans and allow you to get more benefits. Let's talk about making an overdraft for a legal entity.

The concept of an overdraft

The Bank offers to use this service to individuals and legal entities who have an open salary card. It is slightly different from conventional lending and, with proper observance of all conditions, you can benefit.

What is an overdraft service? Thanks to it, the client has the opportunity to make a purchase if there is not enough money on the plastic card.

For example, if a client scored 1,000 rubles in a goods store, but he has only 500 in his account, then the bank will allow him to “go into the red” a little and the remaining 500 rubles will be provided on a loan basis.

The term "overdraft" itself is translated as an overspending of funds. You can connect services only by signing an agreement with the bank, having previously submitted an application. It differs from conventional lending in that "loan" funds have a short term of issue and the debt must also be repaid quickly.

In most banks, the conditions for granting an overdraft include Grace period within 30 days, during which no interest is charged. Interest is calculated as for a regular short term loan. Bank employees individually approach the issue and set a different limit for each client.

Overdraft for legal entities may depend on income, their stability, the availability of expensive property and other things.

For entrepreneurs, this collaboration can help set up a business. After all, there are situations when there is not enough money for the purchase of a new product or the supply of equipment for current account but need to make payment urgently.

In this case, the bank will issue the missing amount, and then write off the debt along with interest for lending. This service can only be obtained if you apply to the bank in advance and sign an agreement.

In this way, an overdraft helps businesses maintain cash flow and pay bills on time. There are 3 types of overdraft available for legal entities:

1. on standard terms;
2. advance. This option is available only for verified and reliable customers;
3. for collection. Provided in cases of collectible proceeds of at least 75%.

What will be the benefits of an overdraft for legal entities?

The algorithm for obtaining an overdraft for a legal entity is simple. For each case, a cash limit is charged.

Thanks to such short-term lending, the borrower has the opportunity not to wait until the goods or services pay off, but to make settlements with suppliers and employees on time.

For enterprises, the costs will be minimal, because the loan amounts are small and are constantly repaid by receipts to the current account by the end of the banking day. Thus, using an overdraft helps to avoid unpleasant situations and delays in production.

How to get?

The legal entity has an available credit limit which he can use when needed. To do this, you do not need to prepare documents for obtaining a loan and additionally load the accounting department.

To sign an agreement, you will need to collect a package of several documents once and submit it to the bank. This will save working time and reduce the burden on the financiers and accounting staff of the enterprise.

First of all, you will need to prepare:

• accounting reports on the activities of the enterprise;
• fill out the borrower's questionnaire and submit an application on behalf of the company;
• reports on money turnover;
• documents that will show the status of accounts payable and receivable.

The Bank has the right to request from the representatives of the company any other information that can confirm solvency.

He also needs guarantees that the company will not go bankrupt in the near future and may be asked to provide production and sales statistics or other similar documents. If the type of activity of the company requires a license, the bank may ask for copies of valid licenses.

Limits for each client are calculated separately, because many factors can affect this, ranging from income to financial forecasts for the growth of the company's income.

For example, several well-known banks can offer such limits for legal entities:

1. Alfa-Bank can sign an agreement subject to all conditions and issue a limit ranging from 750,000 to 6 million rubles. Legal clients, which are on cash service- from 500 thousand to 10 million rubles;
2. UralSib issues a card with an overdraft of up to 500 thousand rubles;
3. Mezhtrustbank calculates limits for each client separately;
4. Absolut Bank allows its clients to use an overdraft facility in the amount of up to 750 thousand rubles.

Such banks give overdraft to legal entities quite willingly, especially if the solvency of customers is high.

Conditions of banks for overdraft lending

There is a huge competition between banks, each of them is trying to create the most favorable tariff package.

For example, in Absolut Bank, the limits are high, so you will also have to attach a certificate from the employer to all documents. Usually, the presence of a source of stable income and registration in the region where the plastic card is issued is required.

Depending on the financial situation of the client, the interest rate can be charged in the range from 18% to 30% per annum for using the overdraft.

You will also need to enter minimum payment at a rate of 10% of the principal amount of the debt monthly. Usually, issuing a card is free, but you will have to pay about 48 thousand rubles a year for the service.

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• Term up to 5 years;
• Loan up to 1,000,000 rubles;
• Interest rate from 11.99%.

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• According to the passport, without references;
• Loan up to 15,000,000 rubles;
• Interest rate from 9.99%.

Loan from Eastern Bank

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• Term up to 20 years;
• Loan up to 15,000,000 rubles;
• Interest rate from 12%.

Loan from Raiffeisenbank

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• Term up to 10 years;
• Loan up to 15,000,000 rubles;
• Interest rate from 13%.

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• Solution instantly;
• Loan up to 200,000 rubles only with a passport;
• Interest rate from 11%.

Loan from Home Credit Bank.

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• Up to 4 years;
• Loan up to 850,000 rubles;
• Interest rate from 11.9%.

Loan from Sovcombank.

Overdraft is becoming increasingly popular in all categories banking clients. The specifics of the financial and economic activities of the enterprise makes the overdraft especially attractive banking service for legal entities.

Overdraft - what is it in simple words

The overdraft loan got its name from the English word overdraft, translated as over the plan, overspending. The purpose of the loan in the form of an overdraft is to provide the client with expense transactions on the current account in case of shortage own funds. The bank lends to the borrower, helping him to overcome the so-called cash gap, the excess of expenses on the account over receipts. The size of such a daily loan is exactly equal to the amount of the missing funds in the account.

Key overdraft parameters

Like any other loan, an overdraft has three main characteristics: amount, term and interest rate.

The amount of an overdraft loan is understood as its limit. Overdraft limit is the maximum borrowed money provided by the bank to the client under an overdraft agreement. The amount of the limit depends on the cleared receipts to the account of the legal entity during certain period. Net income reflects primarily revenue from the core business and does not include loans and borrowings received, income from sales valuable papers, replenishment of the company's account at the expense of the cash desk and accounts opened with other banks and other cash flows, not determined by the main economic activity borrower. The bank has its own limit for each client. Standard range: 40-50% of average monthly receipts 3 months before the date of service.

The overdraft term includes two parameters:

1. The period during which the bank provides an overdraft loan to a legal entity, according to the concluded agreement, for example, 12 months.
2. The maximum interval for which the arisen debt must be fully repaid (both its body and interest), for example, 30 calendar days.

The overdraft interest rate is set individually and depends on the account turnover, availability and type of collateral, etc. The rate can be changed by the bank as the client uses the product.

Advantages of an overdraft over other types of loans for legal entities

The main advantage of an overdraft loan is its ease of use. The enterprise uses exactly the amount of borrowed funds, which it does not have enough to pay for expenditure documents based on the results business day. The client's account has a certain reserve (overdraft limit) to go negative. None, even the most flexible credit line, will not be able to provide such a mode of operation of the account.

The second advantage of an overdraft facility is that it is usually provided without collateral. The bank is insured by client turnovers on the account. In some cases, the bank may require a guarantee individuals who own the organization.

How does an overdraft work?

The overdraft is activated as soon as the client's account does not have enough funds to process payment orders. The maximum credit support is limited by the overdraft limit. The next day emerged loan debt repaid with current receipts. Interest is usually charged at the end of the month or other agreed period.

Legal entities, clients of Nevsky Bank, have the opportunity to open an overdraft facility with the most optimal conditions suitable for the client to conduct his business. The limit and duration of the overdraft, the interest rate, the requirements for the borrower - all this characterizes the bank's offer for lending in the form of an overdraft as one of the most attractive in the banking market.