Overdraft with cash collateral
You need cash but your funds are in different currency? You have invested in a deposit and it is not matured yet?
You can use them as a collateral and get an overdraft!
You can use them as a collateral and get an overdraft!
Benefits
Fast credit
ZERO interest
No additional documents
Overdraft Cash Collateral
- Currency: LEK
- Tenor: 12 months
- Amount: 200,000 LEK
- Administration fee: 4,000 LEK (1.5 o/oo of the amount; min 4,000 LEK, max 112,000 LEK)
- Interest rate: Deposit interest rate + 2%; MIR 3.25%
- Effective interest rate is 6.84%, assuming the "deposit interest rate" is 2.7%
Overdraft Cash Collateral
- Currency: EUR
- Duration: 12 months
- Amount: 2,500 EUR
- Administration fee: 30 EUR (1.5 o/oo of the amount; min 30 EUR, max 800 EUR)
- Interest rate: Deposit interest rate + 2%; MIR 3.25%
- Effective interest rate is: 5.97%, assuming the "deposit interest rate" is 2.7%."
Did you know?
You can use as collateral:
- Time Deposit
- Current Account
- Saving Account
- Treasury Bills
- Any other type of account and /or deposit product offered by the bank
- Available in EUR/LEK/USD
- Tenor Up to 1 year (renewable in case of need)
- Collateral coverage:
- 110% when collateral and credit exposure are in the same currency
- 120% when collateral and credit exposure are in different currency
