Overdraft is a special form of short-term loans that allows customers to pay for goods in excess of the amount of available funds in the account. It is renewable credit line, which is issued an unlimited number of times, but subject to timely repayment. Initially, the service was available only to legal entities. If the company did not receive the funds due to the fact that the counterparty did not pay the bill on time, the bank can provide the client with a loan at a preferential interest rate. After that, any receipts of money to the L / C organization are immediately sent to debt relief. You will learn about how and on what conditions you can apply for an overdraft (Sberbank provides such a service) from this article.
Renewable card
Today, the overdraft service is available to individuals. To order a renewable card, you need to contact the branch of Sberbank with a passport, a copy of your employment certificate and income statement. An individual can take a loan of up to 30 thousand rubles at 18% per annum or 16% in foreign currency. For exceeding the limits an additional commission is charged: 36% and 33%, respectively. Customers can connect the service to any credit or debit card that they already have on hand. Most often it is a payment instrument on which wages are accrued.
Overdraft (Sberbank): conditions for obtaining a loan for legal entities
Enterprises can use the service after three months of servicing the current account. There is no need for collateral. Sberbank provides Overdraft to legal entities on the terms and conditions presented in the table below.
| Amount | From 100 thousand rubles. - for agricultural enterprises. From 300 thousand rubles. - for other borrowers. |
| Limitations | Up to 40% of the average monthly revenue (in rubles) or up to 25% in foreign currency.
The maximum amount is 17 million rubles. |
| Rate | Depends on the financial condition of the borrower. The minimum is 19.09% per annum. |
| Term | The general agreement is for one year. |
| Pledge | Not required. |
| Surety (if necessary) | Business owners, counterparties (legal entities). |
| Borrower Requirements | The maximum annual revenue is 400 million rubles. |
| Commission | 1.2% of the limit, a minimum of 7.5 thousand rubles, a maximum of 50 thousand rubles. |
| Forfeit Costs | 0.1% of the amount owed. |
Under these conditions, an overdraft is granted for a maximum period of 90 days on a single credit line. An application can be made at the department or on the organization’s website. The decision is made within three days.
Service fee includes:
- loan issuance fee;
- interest for using a loan;
- account maintenance fee.
Features
This service has a big advantage. The application is executed once, and you can use the money as much as you like, subject to a timely refund. When filling out an application, you need to pay attention to several points.
- The first is the interest rate. It is small, but can increase unilaterally over time. The borrower is only warned two months before the loan conditions are changed.
- It is also worth paying attention to the monthly minimum payment. If the total amount of account replenishment within 30 calendar days is less than specified in the contract, then interest and penalties are charged on the loan. Their volume can exceed the delay by several times. It will not be possible to repay this debt in installments or minimum payments. For each day of delay interest is accrued, debt is constantly increasing.In this case, you must first pay the fines, and then the body of the loan.
- Do not forget about such an item of expenditure as overdraft fees. Sberbank charges a service fee once in full. Its size depends on the type of card issued. A small commission is usually accompanied by high interest for using a loan and a short grace period.
Cons of the system
Overdraft Sberbank offers its customers a revolving credit line. It is beneficial to use the service if the funds are credited to the account on time and on time. Otherwise, you can get into credit bondage. The bank does not accept arguments about late repayment of debt, but simply levies penalties.
There is another drawback. Electronic payment system is far from perfect. Transaction dates can be violated as a result of a failure or blocking of an operation. Knowledgeable people do not advise sending money on the day of debt repayment, because there may be a technical overdraft - the expense transaction will be processed earlier than the receipt. As a result, the client will be in arrears.
Cash withdrawal
If a payment instrument with a revolving credit line is issued separately, then the terms of service are immediately specified in the contract. But if a client orders an overdraft for a salary card, then it is advisable to ask what percentage will be charged for withdrawing credit funds in cash from an ATM. Typically, such a commission is 1 pp above that set on standard conditions.
Overdraft (Sberbank): how to activate the service?
There are several ways to do this. When filling out an application for the issuance of any card, the client must indicate in the appropriate column the amount of the revolving credit line or put “0” if he does not want to use the service. It is worth noting immediately that this figure will be approximate. The loan amount is calculated based on the amount of salary specified in the certificate 2-PIT. The limit is 150% of the income level. All receipts to the card, whether it is a pension, a scholarship or a salary, will be used to pay off debt. For "credit cards" overdraft is extremely rare. There is no need for such an operation, since the funds from the card are already used on credit.
If the client did not activate the service when registering a payment instrument, then this will be possible later. It is necessary to contact the bank branch with a passport, income statement for the last six months and leave a request for the issuance of the payment instrument "Card overdraft". Sberbank considers documents for 2-3 days. Customers Served Through “Salary project”, can make a request on the site. Before signing the documents you need to carefully read the contract. It indicates the period during which Sberbank overdraft, terms and conditions of the loan, penalties and interest are allowed to be used.
findings
Overdraft of Sberbank is a form of short-term loan that allows customers to pay for goods in an amount exceeding the amount of personal funds in the account. An application for connecting the service can be left at the time of issuing any debit or credit card. Sberbank writes off for overdraft in full from all receipts to the personal account.
