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Overdraft with pledge of monetary funds

Overdraft with pledge of monetary funds

Overdraft with pledge of funds is a type of loan, allowing the customers of the Bank to save, while at the same time having an opportunity to cover unforeseen expenses, if necessary. For that purpose the applicants are required to have deposited funds at International Asset Bank AD. The loan is extended for covering temporary shortage of own funds and the maximum amount of the overdraft will be determined based on the value of the funds, serving as collateral.

  • Simplified procedure;
  • No need to justify the purpose of the loan;;
  • Option to have funds in excess of those available on your account;
  • Access to the funds at all times if the overdraft was extended for a card account;
  • No charges for undisbursed, management and early repayment;
  • Competitive interest rate levels;
  • Free issuance of international Maestro debit card, protected by chip and use of additional services – MasterCard SecureCode, SMS notification and option to sign up for Asset electronic utility bills;
  • Free activation of the online banking service - Asset Online.
  • Loan amount: up to BGN 147 000 or the equivalent in EUR and
      - up to 100% of the monetary amounts blocked as pledge plus the interest due for a quarter, if the currency of the loan is BGN and EUR;
      - up to 110% of the monetary amounts blocked plus the interest due for a quarter if the currency of the loan is other than BGN and EUR;
  • Currency: BGN, EUR
  • Repayment term: from 3 to 24 months, with an option to extend the term by signing an annex;
  • Repayment mode:
    - automatically, upon receipt of funds to the account;
    - any interest due is paid on the last day of the month;
    - the principal is repaid in the last 3 months from the contract expiry deadline and may be renewed.

The interest rate – fixed, formed by the interest rate on the deposit (current account, unlimited deposit) + margin of at least 3%.


Fees and commissions:

  • For initial acceptance of the documents – BGN 24 BGN;
  • For credit analysis – 0%;
  • Monthly service charge for current account – BGN 2.
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