OVERDRAFT FACILITY ON RSD CURRENT ACCOUNT

The client must meet the following requirements for authorisation or period extension of an overdraft facility:

Regular monthly payment of salary and other personal income with the Bank.
A positive balance on the RSD current account on the day of authorisation or extension of the authorised overdraft.
To regularly settle his/her obligations to the Bank.
That the user's creditworthiness is positively assessed by the Bank - Credit Bureau report.

If you wish to conclude an Overdraft Facility Agreement for a RSD current account or to renew an overdraft facility that has expired, and you are:

employed, you need to bring with you a signed and certified Certificate of employment and salary amount and a Decision on attachment on salary in two copies.
pensioner, you need to submit a Decision on attachment on salary in two copies.

Amount and term of use of the overdraft facility

The overdraft facility on RSD current account is approved for a period of 12 to 24 months.
The amount of the overdraft is set from RSD 20,000.00 up to a maximum of 1.5 times the average monthly income in the last three completed months compared to the day of approval of the overdraft facility, and up to a maximum of 7 times the average net salary in the Republic of Serbia.

Interest rate

Nominal interest rate 15.99% per annum.

Costs associated with the overdraft facility

Credit bureau report fee RSD 246,00.
Bill of exchanges - RSD 100,00.

The Bank charges interest on the used amount of the permitted overdraft determined according to the Bank's Interest Rates.