International Asset Bank AD uses cookies to make browsing of its internet page more functional and efficient. Learn more about it here.

Overdraft on a current account

Overdraft on a current account

The overdraft on a current account is extended for covering temporary shortages of own monetary funds. The overdraft amount and the specific conditions under it are determined based on the business plan and the average monthly turnover achieved during the last year.

Eligible to borrow are legal entities, agricultural producers and sole proprietors, who are clients of the Bank and have a business history of at least 12 months.

  • Simplified procedure for financing of current needs;
  • Competitive interest rate levels;
  • Preferential interest rates for clients, who have repaid on schedule at least one loan from
  • International Asset Bank AD;
  • Option for free installation of POS devices at the company’s trading outlets;
  • Free activation of the Internet banking service - Asset Online;
  • Opening of card accounts for the company’s employees, with an automatic transfer of their remunerations and an overdraft option, as well as with preferences in regard to package services.
  • Currency: BGN, EUR, USD, CHF;
  • Loan amount: as agreed, depending on the average monthly turnover achieved on the current accounts during the last year;
  • Repayment term: up to 12 months, with an option for extension;
  • Repayment mode: on current basis, from all revenue received on the current account;
  • Collateral: 
    - assets of the company or of third obligated parties; 
    - pledge over future receivables – all revenue received on the account, for which the overdraft was authorised.

Annual interest rate:

RIR/EURIBOR/LIBOR + a fixed margin as agreed.


Fees and commissions


As specified in Terms and Conditions of Interest Rates, Fees and Commissions Applied to Legal Entities’ Transactions.

You may be interested in: