Tallinn Business Bank offers its clients new service «Small overdraft».

24.04.2014

SMALL OVERDRAFT


1. Small overdraft enables individuals to manage their consumers expenditure effectively.

2. Loan term: up to 12 months.

3. Loan amount: 200 -6400 ЕUR.

4. Contract fee: 1%, min. 15 EUR.

5. Annual interest rate: from16%.

6. Premature repayment of loan: free of charge.

7. Minimum net monthly income: 500 EUR.

8. Overdraft maximum amount:

8.1. Bank's current client - 60% of the revenue amount received on the Bank`s account on a regular basis.

8.2. Bank`s new client - 40% of the revenue amount received on the account on a regular basis.

 


Small overdraft for the current client

The initial annual percentage rate of a small overdraft is 21,13% on the following (example) conditions: 

  • credit limit of 500 EUR, the limit will be used in full at the earliest opportunity,
  • the annual interest 16% will be repaid monthly,
  • contract fee of 15 EUR is paid upon conclusion of the agreement,
  • the credit will be repaid in a year.

Small overdraft for a new client

The initial annual percentage rate of a small overdraft is 23,58% on the following (example) conditions:

  • credit limit of 500 EUR, the limit will be used in full at the earliest opportunity,
  • the annual interest 18% will be repaid monthly,
  • contract fee of 15 EUR is paid upon conclusion of the agreement,
  • the credit will be repaid in a year.