Overdraft Overdraft Overdraft Overdraft

Overdraft

  • Top-up whenever you need it
  • For all unexpected costs
  • It is easy to get an overdraft!

Why should you choose authorised overdraft of Vojvođanska banka?

  • You spend as much of it as you need and whenever you need, but you pay interest only for the days in a month on which you were using your overdraft.
  • Granted in the shortest time possible, with minimum required documents.
  • Credit Bureau report issuing and promissory note are free of charge.

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Useful information

Preconditions for getting an overdraft

  • The decision on the amount of the authorised overdraft on current account is approved after one salary or one pension has been paid to current account in Vojvođanska bank, and it is as high as the average monthly salary/pension.
  • Contract on overdraft is valid 12 months at max, for persons employed for an indefinite period of time, with the possibility of automatic renewal without additional documentation and without coming to the bank on condition that the client meets all preconditions for renewal of authorised overdraft defined by the Bank.
  • For persons employed for a definite period of time, up to a month before the expiration of the employment contract (minimum 3 months and maximum up to 11 months)
  • For approval of authorised overdraft of Vojvođanska banka you need minimal documentation: just bring to a Bank’s branch your valid personal document and Employment certificate with the amount of your average salary!

Interests and fees

  • Interest rate for authorised overdraft is 29% annually, fixed for employees, and 25% annually, fixed for pensioners.
  • Fee for approval and renewal of overdraft: RSD 500.

Representative example for 12 month agreed term of use for persons under employment contract

Example for 12 month agreed term of use for persons under employment contract
Type of loan Overdraft on current account
Loan currency RSD
Authorised overdraft amount RSD 50,000
Annual nominal interest rate 29%
Method of interest calculation Proportional
Overdraft approval fee RSD 500
Total amount that a client is charged RSD 64.978,70
Effective interest rate p.a.
34,73%
Note: the above example is based on the assumption that the client is using the entire overdraft amount during the entire contract, without early repayment. Calculation was made as at 19.06.2020.

Representative example for 12 month agreed term of use for client segment – Domestic pensioners

Example for 12 month agreed term of use for client segment – Domestic pensioners
Type of loan Overdraft on current account
Loan currency RSD
Authorised overdraft amount RSD 50,000
Annual nominal interest rate 25%
Method of interest calculation Proportional
Overdraft approval fee RSD 0
Total amount that a client is charged RSD 62.481,65
Effective interest rate p.a.
28,09%
Note: the above example is based on the assumption that the client is using the entire overdraft amount during the entire contract, without early repayment. Calculation was made as at 19.06.2020

Collateral

  • Two blank promissory notees
Fees and commissions

Fees and commissions


Check the fees and commissions