Can I obtain the overdraft if I am not your client?

Yes, you can make agreement on overdraft before you become a client of Pivdenny Bank. When fixing the limit, the bank will take into account the net average monthly income from the business activity to the bank that serves you for the past 6 months.

How is the loan amount determined?

The amount of the overdraft limit depends on several parameters: Type of collateral. Duration of client relationship with Pivdenny Bank. Volumes of the average net monthly income from business to the current account in the bank/other banks.

Do I have to insure the collateral?

Insurance of the collateral by a bank accredited insurer is mandatory.

How can I check on the status of my loan application?

Information about the status of your application can be obtained from the manager corporate business.

What are the variants of the repayment schedule?

The interest is paid on a monthly basis. According to the signed overdraft agreement Repayment after every 30 days is the most common schedule.

What can be used as collateral to secure the loan?

Immovable/movable property. Property rights to funds placed on a deposit account with Pivdenny Bank. Goods in circulation as additional collateral.

Corporate business Financing Overdraft

Additional funds for urgent payments

Overdraft

For companies to increase working capital and finance day-to-day expenses.

Advantages of the overdraft

No bank oversight over the specific use of the money.
No need for an agreement for disbursement of the credit – you use the credit just like a regular payment process.
Possibility to get an overdraft limit from the very first month of becoming a client.
No hidden fees.
Possibility to obtain overdraft without collateral (subject to guarantees from the ultimate beneficiary owners of the business).

Main terms and conditions

Loan term

up to 12 months

Crediting currency

UAH

Terms of repayment

on a monthly basis;

full repayment of the debt – within 30 calendar days after non-stop use of the credit funds.

Liquid collateral to allow overdraft

— immovable property;

— road transport;

— equipment;

— goods in circulation;

— property rights to the funds placed on a deposit account, etc.

Security of overdraft without collateral

financial guarantee of the business owners

Maximum limit amount

— for existing clients of Pivdenny Bank — overdraft without collateral — up to 30% of net average monthly income;

— for all clients — overdraft with collateral — up to 50% of net average monthly income;

— for new clients — overdraft without collateral — up to 10% of net average monthly income which the client agrees to transfer to Pivdenny Bank

A decision will be taken by the bank

within 7 working days from the time the borrower has submitted the required documents for unsecured overdraft and within 14 working days for secured financing

Borrower requirements

has been in business for more than 12 months.
Stable income from the principal business of the company to current accounts in Pivdenny bank

How do I apply for a loan?

Contact your personal manager
for existing clients of the bank.

To obtain a loan

Visit the nearest bank branch or contact the corporate business projects unit manager.
Submit the required documents.
Get the decisions made by the bank on the loan and the valuation of collateral.
Sign all the required agreements.
Receive the credit funds on your current account.

FAQ

Documents

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Retail deposit guarantee system

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0 800 30 70 30

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