Salary Overdraft
Benefits
No collateral
No guarantors
Variable installments
ZERO administration commission
Characteristics
You can have up to 3 salaries in advance.
The advance amount can be used and reused up to the maximal limit.
Illustrative example for calculating the Effective Interest Rate (EIR)
Overdraft Retail
- Currency: LEK
- Tenor: 12 months
- Amount: 150,000 LEK
- Administration fee: 3,000 LEK
- (2% of the amount, for amounts up to 200,000 LEK; min 1,500 LEK, max 7,800 LEK)
- Interest rate: 13%
- Effective interest rate: 15.31%
Overdraft Retail
- Currency: EUR
- Duration: 12 months
- Amount: 1,500 EUR
- Administration fee: 30 EUR (2% of the amount, for amounts up to 1,650 EUR; min 10 EUR, max 70 EUR)
- Interest rate: 13%
- Effective interest rate: 15.31%
- This example is illustrative."
