Overdraft

Demir Bank offers to Corporate and SME customers short-term credits, allowing the customer to withdraw and/or make payments within credit limit, exceeding the available current account balance as a result giving the account a negative balance – overdraft

Advantages of overdraft

  • provision of continuous payments in conditions of temporary insufficiency of funds on current account
  • Automatic opening (without provision of written application) and closing (also without written application) of overdraft in case of funds need or incoming of funds respectively
  • Possibility to use overdraft partially within the established limit
  • Overdraft limit is renewed automatically every time upon outstanding repayment, in other words overdraft can be used many times
  • No penalty is applied for earlier repayment of principal amount
Overdrat purpose - replenishment of working capital in relation to the planned growth of business (no strict restrictions for targeted use);
- covering short-term cash shortages
Amount up to 1 000 000 USD (equivalent in national currency)
% rate for loans in KGS from 15% per annum* 
(Effective interest rate from 18,69%)
% rate for loans in USDА from 11% per annum*
(Effective interest rate from 11,73%)
Active current account in DemirBank минимум 6 месяцев
Term of overdraft limit 12 months with further prolongation
Periodicity of interest repayment on a monthly basis for actual number of days of used credit
Periodicity of principal amount repayment automatic payment on the day of funds receipt on account
Collateral movable and immovable property, personal guarantee, corporate guarantee
Penalty for earlier credit repayment No
Insurance of pledge items required (for amount more than 20 000 USD)

If you have questions you can refer to specialists at the Bank's branches

  • Package of foundation documents
  • Financials with detailed explanations for/as of the last 3 years and for/as of the last reporting date
  • Confirmation letter on availability /absence of credits and statements from all servicing banks
  • Current agreements/contracts (copies)
  • Confirmation on absence of debts to budget on tax and payments to Social Fund
  • Decision of the control body for getting a loan
  • Ownership documents for collateral items and confirmation on absence of arrest for property to be pledged
  • Documents on assessed value of collateral made by appraiser acceptable for the Bank
  • Other documents by the Bank’s request
  • Copies of applicant’s passport, spouse/spouses of applicant, guarantor, spouse/spouses of guarantor
  • Copy of certificate on registration of private entrepreneur in statistic organs, in Social Fund or insurance policy, TIN card or patent
  • Copy of license (if applicable)
  • Current agreements/contracts (if any)
  • Rent agreement (copy) or ownership documents for trade/production point
  • Confirmation on absence of debts from State Tax Inspection and Social Fund
  • Confirmation letter on availability /absence of credits and statements from all servicing banks
  • Ownership documents for collateral items and confirmation on absence of arrest for property to be pledged
  • Documents on assessed value of collateral made by appraiser acceptable for the Bank
  • Other documents at the Bank’s request

How to get the loan?

  1. Prepare the necessary documents;
  2. Fill out the application form:                  - for legal entities (download);             - for private entrepreneurs (download);
  3. Apply to any bank branch with filled application and the package of documents.