Business overdraft

Target group

Legal persons and private entrepreneurs

Credit amount

For the clients of Unibank– 40% from the net average monthly turnover during last 6 months, but nо more than 30 000 000 AMD. For the clients, whose current accounts are in the other banks – 20% from the net average monthly turnover during last 12 months, but nо more than 10 000 000 AMD.

Credit currency

AMD

Interest rates

For the clients of Unibank -18% annually.

For the clients, whose current accounts are in the other banks - 20% annually

The interests are charged only for the used part of the overdraft.

Interests charge order

The interests are daily calculated and recalculated. The final converting is realized the last day of the current month, and the repayment is realized automatically from the current account of the client on the first day of the next month.

Credit period

Up to 12 months with annual review of business overdrafts conditions.

Repayment of principal sum

Overdraft principal sum is repaid during last 4 months (Allowed limit is reduced each month). There is allowed also to repay the principal sum of overdraft at the end of the contract.

Preterm repayment

Pre-term repayment of overdrafts is realized in case of written application of the client. Commission for pre-term repayment is not charged.

Commissions

Commission for granting overdraft: for the clients of Unibank -1% from the amount of overdraft; for the clients, whose current accounts are in the other banks -1,5 from the amount of overdraft. The interests are charged only for the used part of the overdraft.

Commission in case of  the conditions dismissed from the approved conditions: 5 000 – 30 000 AMD.  

Commission for repayment date change: 20 000 AMD.

Commission for overdraft conditions revision: 30 000 AMD.  

Cash Commission: according to the current tariffs of the Bank.

Guaranteeing

Business overdrafts can be guaranteed with the deposits available in the Bank, by the reminders of current account, as well as by the high-liquidated collateral and/or guarantee of the third person.

In case of not guaranteed overdrafts, there is taken into consideration-borrower’s credit history, cash flow, level of responsibility and preparation of the client for credit repayment.

Insurance

According to the Credit Committee decision.

Fines

0.2% per each delayed day, starting from the first day.

Factors affecting in granting business overdrafts

Borrower’s financial situation

Credit history

In-house legal acts correspondence

Date of application examination for receiving business overdraft.

During 3 days after receiving all the necessary documents.