Overdraft is a credit product offered to corporate customers for short-term financing of working capital (payments).

Overdraft enables the customer to perform transactions in the amount exceeding the current account balance. These transactions are enabled through overdraft limit. PASHA Bank provided by PASHA Bank.

Overdraft is very convenient credit product for prompt satisfaction of urgent short-term needs of customer, as it enables the customers to use additional funds in order to timely perform obligations to business partners.


Advantages of overdraft

- Possibility to use more funds than available in the current account;
- Possibility to use of overdraft limit regularly in whole or partially throughout the duration of the contract after signing the documents only once;
- The Interest rate is applied only on used amount of overdraft limit.

Main terms of overdraft

Overdraft limit Based on agreement with the customer accortding to the turnover on his current accounts.
Currency On the related account currency
Term Up to appropriate date of every month based on agreement with customer
Promotion period Up to 5 working days
Interest rate Based on agreement
Commission for opening an overdraft Based on agreement
Payment method Write-off from the customer's current account without acceptance as soon as funds are available.
For additional information please contact PASHA Bank Business Centers, Contact Center at (994 12) 496 50 04 /*8123 or email address.,353/lang,en/