Overdrafts

An overdraft option may be connected to any client account by an operator upon the client’s request. The system allows both choosing overdraft parameters from a pre-set product catalog and determining individual terms in particular cases.

The main configurable parameters include:

• overdraft sum and currency;
• period;
• interest for the loan use throughout the grace period;
• rate applied after the grace period, subject to incomplete repayment.

Real time data on the disbursement rate, amount of interest accrued, overdraft period and other details are available to the client in the client web-interface.