Taking into account the needs of its customers, who need financing of temporary liquidity gaps or work in a sphere with pronounced seasonality of business, Raiffeisen Bank Aval has developed a convenient bank product – Overdraft.
The granting of the Credit is made on the terms of the Credit Agreement for the term stipulated by the Credit Terms.
During the term of the Loan Agreement, the Client has the right to initiate early termination of the Loan Agreement by giving written notice to the Lender within the terms stipulated by the Loan Agreement. Early termination of the Credit Agreement at the Client's initiative is possible only in the absence of any debt of the Client to the Bank under the Credit Agreement.
Changes to the Credit Agreement are made by the parties by signing the Supplementary Agreement to the Credit Agreement.
There is no unilateral cancellation of the Agreement.
The service is provided by JSC Raiffeisen Bank Aval, NBU license №10 dated June 18, 2018; EDRPOU code 14305909; was included in the State Register of Banks on 27.03.1992. under No. 94; location: 01011, Kyiv, str. Leskov, 9; phone numbers: 044 490 88 88; 0 (800) 505-045; e-mail address email@example.com; State regulation of the Bank's activities is carried out by the National Bank of Ukraine (01601, Kyiv, Institutskaya St., 9; hotline: 0800 505 240).
|Maximum amount of overdraft||Up to 4,5 million UAH|
|Lending period||up to 36 months|
|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|
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 Aval 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