Financial flexibility for your company’s day-to-day operations

The Overdraft Credit is a short-term financing solution designed for legal entities that need temporary coverage of liquidity gaps when expenses exceed current cash inflows. The credit is used directly from the current account, within the approved limit, without additional drawdown procedures.

The Overdraft Credit is intended to cover the negative balance of the current account at the end of the operational day and supports the uninterrupted conduct of the company’s day-to-day business activities.

Advantages

• fast access to funds for settling urgent financial obligations;
• interest is charged only on the actually used overdraft balance; when repaid daily, the overdraft becomes one of the most cost-efficient short-term financing solutions;
• time and cost savings through the easy and flexible use of the credit;
• no requirement to submit supporting documents regarding the use of funds;
• ensures business continuity and stable cash flow.

Eligibility

The Overdraft Credit is available to legal entities that cumulatively meet the following conditions:

• are residents of the Republic of Moldova;
• net current assets exceed current liabilities;
• record net profit both for the reporting period and the previous year;
• have positive equity;
• have been conducting economic activity for at least 6 months;
• record turnovers in current accounts opened with the Bank for at least 6 months.

Credit Terms and Conditions

• Loan amount:
  • without material collateral — up to 30% of the average monthly debit turnovers recorded over the last 6 months in accounts opened with the Bank;
  • with material collateral — up to MDL 1,000,000.
• Currency: MDL, USD or EUR.
• Loan term: up to 12 months, inclusive.
• Continuous utilization period: up to 90 days.
• Collateral: the credit is granted without collateral.
• Disbursement: the amount is granted in full or in tranches and is used to cover temporary financial gaps when expenses exceed the company’s revenues.

Repayment of the Credit and Interest

• each tranche used from the overdraft limit must be repaid from the Borrower’s incoming funds, but no later than 90 calendar days;
• accrued interest is payable monthly, on the last calendar day of the month.

Note: Payments resulting in a negative balance may also be covered by the Borrower’s incoming funds credited during the same operational day, without affecting the approved overdraft limit.