Overdraft

Flexible form of BGN loan that gives UBB debit card or current account holders the right to exceed their card/current account balance up to a certain preliminarily negotiated limit.

Advantages

  • Speed - quick and easy approval procedure;
  • Convenience - You quickly and easily draw/pay amounts larger than those available in your account; You buy when you need without waiting to save the necessary amount;  
  • Mobility - You have access to your funds anytime anywhere via ATM or POS devices; 
  • Advantage - You can utilize the loan in portions. You manage your financial resources easily and effectively. You can utilize BGN amounts against the pledge of funds in foreign currency ;
  • Flexibility - You borrow funds up to an amount and over a period of time in accordance with your needs and desires;

Product parameters

Interest

  • Overdraft for employees of companies, which have a pay-roll contract with UBB - interest rates between 8.953% and 11.953% (Reference Interest Rate*  + fixed margin)
  • Overdraft secured by cash deposit in BGN - 7.703% (Reference Interest Rate*  + fixed margin of 7.35%)

Deadline

  • Overdraft for employees of companies, which have a pay-roll contract with UBB -  1-year overdraft with automatic renewal option without requirement for full repayment at the end of the 1-year period.
  • Overdraft for customers, who have an individual pay-roll contract with UBB - 1-year overdraft
  • Overdraft secured by cash deposit - 1-year overdraft with automatic renewal option without requirement for full repayment at the end of the 1-year period

Application fee

  • Overdraft for employees of companies, which have a pay-roll contract with UBB  - no fee
  • Overdraft secured by cash deposit (in BGN and in EUR):
    • Regular clients –  BGN 30 
    • Affluent clients – no fee
  • Credit Assessment Fee – as per the Tariff for individual clients (one-off from the approved credit limit)
  • Account maintenance fee – BGN 2.5.
  • Loan amount from BGN 1 000 up to BGN 10 000.

APR for Overdraft: New Overdraft 6000 BGN; over a 12-month term – APR of 15.51% under the following conditions: interest rate of 11.953% (Reference Interest Rate (RIR) – 6-month SOFIBOR + fixed margin), with included Application Fee of BGN 0.00, Credit Assessment Fee of BGN 50.00 and monthly account fee 2.5 BGN. Total amount due – BGN 6475.53 BGN.

Collaterals

What collateral do you need for obtaining an overdraft?

  • Pledge of future receivables: All receivables in the account, to which the overdraft has been granted.
  • Pledge of receivables: Cash deposits (Cash funds with the Bank in the following currencies - BGN, EUR, USD, GBP, CHF)
Or give us a call
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+3592 483 1717 New
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