Approved overdraft is the best solution for immediately overcoming the need for liquid funds that you can use at any time, without notice, up to the amount of the approved limit.
Loan conditions
- Loan amount: In accordance with the client's needs and creditworthiness
- Repayment period: up to 60 months. The client must repay the entire used amount by the due date.
- The loan is in dinars, without a currency clause
- Type of interest rate: fixed or variable
- Conditions for the client's minimum business through Adriatic Bank upon loan approval: Existing and future clients of the Bank can submit a request for approval of the permitted overdraft. All users of the allowed overdraft will be obliged to transfer a part of their total turnover through an account in Adriatic Bank. The minimum amount to be transferred will depend on each individual agreement/approval.
- Fixed nominal interest rate on an annual basis: from 12.00%. Effective interest rate of 12.27%*
- Variable nominal interest rate on an annual basis: from 7.00% + 6M Belibor. Effective interest rate of 10.81%*
- Other costs borne by the client (in case the security is a mortgage):
- The cost of the Credit Bureau report is 1,686 dinars
- Total cost of bills (8 exchange bills) 400 dinars
- Keeping a current account (monthly) 200 dinars
- Certification of pledge statement 25,200 dinars
- Issuance of real estate list 10 euros
- Real estate valuation 100 euros
- Registration of a mortgage (from 20,000 to 50,000) 20,000 dinars
- Endorsement of a license to wipe 1,260 dinars
- Real estate insurance (annually) 40 euros
* calculated on the amount of RSD 5,000,000 on March 10, 2022
| Type of loan | Approved overdraft |
| Currency loan | Dinar |
| Loan amount | 1,000,000 |
| Security type | Bills of exchange |
| Duration period | 24 months |
| Total loan amount with interest | 1,299,018.54 dinars |
| Nominal interest rate (annually, variable) | from 16% |
| Effective interest rate (on an annual basis) on 03.10.2022. | 16.42% |
| Costs borne by the user | |
| The cost of a Credit Bureau report | 1686 dinars* |
| Total cost of 8 exchange bills | 400 dinars |
| Keeping a current account, cost on a monthly basis | 200 dinars |
The example is made under the assumption that the client uses the limit in full throughout the duration of the allowed overdraft period.
