Overdraft
Advantages
- Utilization through your current account and automatic repayment with each received amount (a deposit or funds transfer). No need to submit a request for repayment or utilization.
- Optimal management of interest costs. You pay interest only for the amount utilized and only for the days when you used it. Thus, you have funds at your disposal for a minimum additional cost.
- Fast response under a simplified procedure.
Who is it suitable for?
Local commercial companies and freelancers with sales revenue up to 2 million BGN that need working capital and maximum flexibility in payments.
What can you use the loan for?
- To grow your business and increase the range and/or quantities of offered goods.
- In case a need occurs, the funds will be at your disposal for payment of planned or extraordinary liabilities or costs, including timely payments to your suppliers.
- The loan has a term of 12 months and is based on your sales revenue. This product allows you to have additional funds at your disposal to use for the company, as you have the possibility also to control the interest costs.
Frequently asked questions
The term of the agreement is up to 1 year.
Is there a repayment plan? The interest payments on the utilized principal amount are payable monthly. The principal amount is due at the end of the period as per the loan agreement.
The credit limit gets repaid automatically with the receipts on the account and the amount repaid can be utilized again multiple times within the agreed term and conditions.
The interest shall be calculated based on the amount used for the relevant number of days of use.
Similar Products
Revolving Loan
Working capital for your business. Use only when and what you need. Pay interest only on the amount used.
Related Products
Property Protection Insurance
The Property Protection Insurance is a preferential product for customers of UniCredit Bulbank with loans in order to protect your property.
Payment Protection Insurance
The Payment Protection Insurance protects you and your business in case of unexpected events affecting your health and work capacity.
Package Programmes Business Leader
A complete range of banking products and services at a lower price, specially designed for SMEs.
Credit Cards
Our international credit cards offer you security, independence, mobility and flexibility when you need cash.