In today's world every natural or legal person should understand that such an overdraft.After all, this financial instrument is widely used in recent years.
So overdraft is a form of short-term lending.Of course, for the client of a commercial bank the availability of such services is a huge advantage, especially in times of temporary shortage of funds.In life there are different situations.For example, when payments to contractors is urgent or to obtain wages remained only a week, and the limit of funds has been exhausted.Then the person is interested in what is an overdraft and how to get it.
Each bank has the right to nominate its own requirements and conditions which must be followed for admission to the franchise so appealing.But the basic rules are the following:
- the presence of more than one year of work experience;
- have a valid checking account transactions on which actively carried out in the past six months (valid for at least three months);
- within one month shall not be less than 12 proceeds to the account;
- absence of debts on payment documents presented to the bank, for example, orders or requirements, orders.
Bank officer recounts that such overdrafts, and fully discloses the process of receipt and return.If you meet the above requirements, then you can collect a package of documents.Necessarily considered an application for the provision of the service.Individual should bring a certificate of employment, it is also checked his credit history, the presence of debt, other loans and so on.
overdraft for legal entities get easier, banks are willing to enter into a treaty with them, as profits from the deals will be higher than on loans granted to an individual.The company sends to the bank's financial statements, balance sheet and other documents that reflect the company's solvency.
Do not forget that such an overdraft in the narrow sense.It's taking a certain amount of money in loans from a commercial bank.And when you pay with any credit, in addition to the principal amount, provided the availability of interest as a reward for the risk.Therefore, for any fun to pay, the debt must be returned in a timely manner.If for whatever reasons the customer delayed payment, the staff gently reminded of maturity on the phone.If the delay exceeds the specified time, the bank charges a penalty.
overdraft can be conditionally divided into two types:
- allowed;
- unresolved.
first kind of speaks for itself and means that the borrower has received the prior consent to receive funds in excess of the limit.Among the permitted overdrafts allocate advances, technical and under the encashment.The purpose of advance is considered an increase in the number of the target audience of a particular bank.Technical overdraft is a credit to the provision of payments, designed by the customer.Form "under the encashment" implies that the customer carries out the majority of their own earnings.
Unauthorized kind occurs against the will of the bank, the borrower is in some way gets the required amount of money.But in this case the risk of the customer, as the credit institution normally uses a fairly rigid system of penalties fines.
This form of credit is beneficial to the borrower responsible, as it has significant advantages for him.For example, interest rates, compared with other, low and ranges from 10% to 20%.In addition, the client is able to almost instantly get the necessary amount of money without complying with other formalities.It is worth noting another important aspect: the pledge is not required, and to provide enough of a guarantee.
