VTB Bank offers overdraft loans on current accounts in Russian rubles in the event
that the client requires funds but has a zero balance on its accounts. Overdraft
loans are extended for 12 months
Overdraft loan
VTB Bank offers overdraft loans on current accounts in Russian rubles in the event
that the client requires funds but has a zero balance on its accounts. Overdraft
loans are extended for 12 months
Information
The overdraft limit
Set at no more than 50% of the average monthly credit turnover from the primary operating activity of the client or the group's affiliated companies
Conditions for extending an overdraft loan
The overdraft is extended without security, but a surety is required. The list of required guarantees is compiled when considering the client's application. The guarantees should extend to the entire amount of the client's liabilities
Terms and conditions
The principal debt is due at the end of the loan term
Or the client is required to pay at least once every month during the term when the client has no outstanding overdraft debt except during the month when the first disbursement was made under the overdraft agreement