Overdraft

Baseline terms and conditions for granting overdrafts to legal entities in TF Bank “Kontrakt”

• No requirement to periodically make the balance zero.
• No interest rate is incurred for use of overdraft in case of repayment of debt in the same day.
• Possibility to use overdraft from the first month after opening current account in TF Bank “Kontrakt”, on the grounds of statements on borrower’s turnovers in other banks.
• Term of overdraft: 12 months, with possibility of prolongation.
• Currencies of overdraft: hryvnas, US dollars.
• Amount of overdraft: from UAH 200 thousands to UAH 5 millions; from USD 40 thousands to USD 1 million. No limits if the overdraft is secured by monetary funds.
• Periodicity of limit review: on a monthly basis, without submission of new package of documents.
• Accrual of interest: on morning balance of debt, not on total overdraft limit.
• Baseline interest rate: interest rates of TF Bank "Kontrakt" vary depending on the   specifics of borrower's business, kind of project and of security.
• Overdraft commissions: 
• commission for setting overdraft limit: 1% of limit amount;
• commission for debiting current account above liability balance: 0.05% of the amount of the tranche.

Amount of overdraft:

• up to 50% of the average monthly turnover — non-collaterized (blank),
• up to 40% of the average monthly turnover — collaterized by goods in circulation,
• up to 100% of the average monthly turnover — collaterized by immovable property  (combined collateral is possible),
• up to 100% of the average monthly turnover — collaterized by the deposit with TF Bank "Kontrakt".

Additional expenses that may occur in the process of crediting granting:

• payment for carrying out an independent expert appraisal of pledged (mortgaged) property;
• remuneration of notary for certifying pledge (mortgage) contract; 
• payment of insurance premium when insuring pledged (mortgaged) property.

Contacts:

tel: +38 (044) 537 61 27

Sergei Germanovskiy, e-mail: germanovskiy@kontrakt.ua