Overdraft

Considering the needs of their customers who need financing of temporary liquidity gaps or work in the area of highly seasonal business, Raiffeisen Bank has developed a convenient banking product – Overdraft.

Advantages of Overdraft

Ability to obtain financing, including without collateral

Elimination of time gaps between the receipt of funds in the client's current account and expenditures for financing business activities

Prompt execution of payments

Simplicity in obtaining credit funds—payment orders are executed without submitting additional documents (applications, letters) to the bank

Automatic repayment: when money comes in from clients, the bank automatically repays the debt without the need for separate payments

If you repay the debt on time, the bank automatically extends the overdraft for a new term

You borrow exactly as much as you need right now—whether it's a minimal amount or the entire limit

How Does Overdraft Work?

An overdraft is a credit limit on your company's current account. When the account runs out of money, you can go into the negative, meaning you take a short-term loan from the bank.

An overdraft is needed when a business temporarily lacks funds. It works like a regular credit limit on an account—you can spend more than you have.

Setting up an overdraft with Raiffeisen is quick. The client submits a financing application and provides the necessary documents. The bank then determines the limit based on cash flow: the more money flows through the account, the higher the limit that can be obtained. Finally, an overdraft agreement is signed, outlining the rights and obligations of the parties involved.

Who Needs an Overdraft?

A convenient overdraft is suitable for legal entities and sole proprietors. The service is best suited for businesses that:

Work with deferred payments Do your clients pay 7-14 days after delivery? An overdraft will help you not turn down new orders when you're short on funds.

Have a seasonal business Are there fewer sales in winter than in summer? Or vice versa? An overdraft will cover cash gaps during the low season

Participate in tenders Won a tender, but the client pays after the work is completed? An overdraft will help purchase materials and pay salaries.

Work with government orders Payment delays from government institutions won't affect your plans if you have an overdraft.

Want to quickly replenish inventory Found a profitable product or a discount from a supplier? Don't miss the opportunity due to temporary lack of funds.

Are growing and expanding Opening a new store or taking on larger projects? An overdraft will support you during periods of increased expenses.

How to Repay an Overdraft?

The debt is automatically deducted. When funds are deposited into the account, the bank directs them to repay the overdraft.

Note that overdue interest and overdue debt are settled first. Next, current interest is covered, and finally, the amount of the current debt.

Other repayment methods are also available. For example, you can transfer from another company account, deposit cash through a cashier, or receive a transfer from the owner as financial assistance.

Loan terms

Maximum amount of overdraft	Up to 9,0 million UAH
Lending period	up to 36 months
Discount rate	16,75% - 18,75%
One-time commission	1%
Continuous Debit Balance	90 calendar days
Commission for Amendments to the Overdraft Contract / Client Agreement
for Contracts up to 1 500 000 UAH. inclusive (or equivalent in another currency)	500 UAH
for Contracts more than 1 500 000 UAH. (or equivalent in another currency)	1000 UAH
Fee for providing credit proof	150 UAH
Commission for early termination of the Credit Agreement	0 UAH
Remote service	Save your time using the Qualified Electronic Signature (CEP) and sign all documents without visiting the Bank Branch. More details on Link
Pay your attention	The possibility of using the Overdraft is provided under the terms of the Overdraft Agreement. The Draft Overdraft Agreement is provided to the Client upon request. Pursuant to the requirements of article 671 of the Law of Ukraine On Banks and Banking (hereinafter – Law on Banks), Raiffeisen Bank JSC (hereinafter – Bank) shall submit to the credit register of the National Bank of Ukraine (hereinafter – Credit Register) the information on its credit operations involving the client-debtor, as indicated in part one of article 49 of the Law on Banks, if the amount of debt (principal debt and interests) under such credit operations is equal or exceeds 100 minimum salaries (or a foreign currency equivalent of this amount). The Bank shall submit to the Credit Register the information, the content and scope of which is stipulated by part 3 of article 671 of the Law on Banks, according to the procedure determined by the National Bank of Ukraine

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Investment Loan

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