The loan is aimed help the customer meet their payment obligations in case of a temporary lack of funds on the settlement account.
It allows meeting daily financial needs of the business by eliminating temporary cash gaps.
Hence, the customer obtains a convenient and cheap tool to effect prompt payments with no need to sign agreements or addenda for every tranche.
| Tenor |
max. 12 months |
| Deferral of payment |
max. 30 days |
| Security |
blank |
| Currency |
RUB |
| Interest rate |
min. 12 % p.a. |
| Maximum limit amount |
max. 50% of average monthly turnover through settlement accounts of the customer with servicing banks |
| Facility fee |
0–1% of the overdraft limit amount, one-off payment |
| Repayment |
set-off from the customer's settlement account with the Bank |
| Time-to-yes |
min. 5 business days |
| State registration period |
min. 9 months |
| Revenue generation |
Diversified base of buyers
Over 70% of sales is channeled under sale and purchase agreements with external counter-parties. |
| Credit history |
Positive credit history. If missing, positive reputation of the borrower in the market |
| Debt |
No overdue debt to the budget on taxes and dues (restructured debt excluded) and Card File No.2 |
| Balance sheet |
No losses over the analyzed period |
| Cash receipts |
Cash receipts from min. 7 counter-parties Maximum share of the largest counter-party: max. 30% |
Overdraft loan terms and conditions are set individually for each deal based on the borrower's specific peculiarities and needs.
Please do not hesitate to contact Corporate Banking International Division of Absolut Bank should you have any questions:
Tel. +7 495 228 69 66
Fax + 7 495 777 71 60
