Get to Know the Overdraft for Individuals
An overdraft is a line of credit that, in most cases, is linked to an individual’s salary and allows them to withdraw, at any time, an amount from their current account equivalent to between one and five monthly salaries, depending on the approved limit. Each individual must submit a request at the branch where they conduct their banking activities and sign an agreement in order to be entitled to use this financial facility.
Advantages
- Helps individuals cover various payment needs or purchases that exceed their monthly income.
- Enables the settlement of unexpected and short-term expenses.
The overdraft is repaid automatically when funds are credited to the account. Credins Bank also offers the possibility of repaying the overdraft in fixed installments. The overdraft is a short-term financial facility and is granted for a period of no more than one year.
For personalized information, we welcome you at one of our branches!