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If you lack the necessary money in your account to perform some transaction, you can safely apply to the Bank in order to receive a short-term overdraft. An overdraft is a short-term credit line with a renewable limit which the Bank may issue to a Customer without any security within the scope of a fixed limit.
If you have been an active Customer of the Bank for at least 6 months and there is a regular and stable turnover of cash in your account, you may apply for an overdraft:
- term - up to 1 year
- Maximum Overdraft limit - up to 20% of the client's average monthly turnover with the Bank
- interest rate - from 12%
- Minimum Overdraft limit - LVL 500
For the receipt of an overdraft, it will be necessary for you to submit your company's financial documents with the bank.
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