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Overdraft

Obtaining reasonably priced funds to finance your operations can support the development of your business. An overdraft enables you to optimise the process of making payments to your counterparties, to improve the efficiency of your business financing and to increase the stability of your business in an uncertain economic environment.  
Key advantages
• Instant access to loan funds
• No monthly repayment required
• Streamlined application procedures
• Flexible approach to collateral

Loan conditions

Limit   Up to 30% of the average monthly current account turnover in your ProCredit Bank account for the last 3 months
Tenor  Up to 12 months
Currency  UAH
Collateral 

Under UAH 250 000 - without collateral

Goods for sale, personal belongings, vehicles, equipment, owner’s personal guarantee, deposits in the bank, and immovable property 
Repayment  Interest is paid monthly; mandatory repayment at maturity
Extra charges • Statement from the State Register of Encumbrances
• Statement from the credit history bureau
• Notarisation
• Insurance (if required by the Credit Committee).

For current business clients, who will use this service for the first time and for new clients, who start using our settlement and cash services, we offer the overdraft “Optimal start”. Maturity – 6 months, without any disbursement fee.

How to apply?

To qualify for an overdraft your business must have held a current account with the bank for at least 3 months.

Documents needed for an overdraft:

For sole proprietors

  1. Passport.
  2. Tax Administration’s Certificate on the Individual Taxpayer Identification Number.
  3. Copy of the Certificate of State Registration of the Sole Proprietor.
  4. Certificate of Registration of the Sole Proprietor with the State Tax Administration (Form 4-ОПП).
  5. Income declaration or other financial statement for the last reporting period (Form №2).
  6. Title deeds for property offered as collateral.

For legal entities

  1. Certificate of State Registration.
  2. Latest version of the founding documents.
  3. Certificate of Registration with the Administration of Statistics.
  4. Certificate of Registration of the Legal Entity with the State Tax Administration (Form 4-ОПП).
  5. Financial Statements: Balance Sheet (Form №1) and Profit and Loss Statement (Form №2) as of the latest reporting date, stamped by the statistical office.
  6. Title deeds for property offered as collateral.
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