Get Business Overdrafts in Inecobank

Your company is facing short term financing problems? Solve them with our business overdrafts and benefit from offered best terms. By providing business overdraft, Inecobank targets to finance the short term funding needs of our corporate clients thus contributing to the stable and continuous growth of the company.

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About Overdraft Terms & Conditions Additional documents

Borrower description

RA resident legal entity, private entrepreneur

Overdraft amount

5 000 001 - 30 000 000^**Overdraft is provided in the amount of up to 40% of net credit turnover of the average bank account balance of the last 12 months. Overdraft in the amount exceeding the specified limits may be provided if secured by cash or real estate collateral.

ATTENTION: IN CASE OF LOANS PROVIDED IN FOREIGN CURRENCY, CHANGES IN CURRENCY EXCHANGE RATE MAY HAVE IMPACT ON LOAN REPAYMENTS

Maturity term

up to 12 months

Additional fees

Account opening fee
Overdraft amount withdrawal fee
Account service additional one-off fee
1% of the overdraft limit

Annual nominal interest rate

18 - 21%
ATTENTION: Annual nominal interest rate changes may be stipulated by the Agreement.

Early repayment penalty

Not applicable

Interest rate calculation

Interest is calculated on the actual balance each day. The final recalculation is done on the last day of the current month.

Amount subject to mandatory payment

50% of the used Overdraft reflected in the statement and interests payable shall be paid by the twenty-fifth day of the month of statement receipt.

For non-payment or partial payment of amounts subject to mandatory payment, as well as for improper fulfillment of other terms stipulated by the agreement, the Bank may unilaterally turn the Overdraft into a loan with equal repayments for a period of up to 12 months. The loan interest rate is set as the Overdraft interest rate plus 2 percentage points, unless otherwise specified by the Bank.

Purpose of the overdraft

Short-term liquidity issue

Collateral

Main collateral

Cash flow

Additional collateral, if needed

Real estate collateral
Fixed assets collateral
Vehicle collateral
Collateral of goods in circulation
Receivables rights collateral
Bank guarantees, guarantees
Cash funds collateral
Precious metals (valuables) collateral
Share collateral
Other property

Other provisions

COMMUNICATION WITH THE BANK

YOU HAVE THE RIGHT TO COMMUNICATE WITH INECOBANK CJSC IN A WAY YOU PREFER, BY POST OR ELECTRONICALLY. TO GET INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT WAY. IT IS AVAILABLE 24/7, HAS NO RISK OF PAPER INFORMATION LOSS AND ENSURES CONFIDENTIALITY.
For the purpose of customer due diligence defined by the RA Law "On Combating Money Laundering and Terrorism Financing", the Bank may request additional documents or other information from the Customer based on the "Know Your Customer" principle, as well as during oral communication it may ask additional questions to the consumer (if there is such a request).

Provision of banking services through remote control systems

The Bank offers InecoOnline, InecoMobile, and other Systems as an opportunity to use banking services via the Internet, telephone call or SMS and other means of communication without visiting the Bank. The Systems are modern and convenient tools that allow you to view Accounts transactions, to submit payment orders, to receive information, to exchange currency, to make payments, to submit and receive (accept) applications, requests, offers, to conclude contracts and make other transactions as well as to carry out financial and other transactions made available by the Bank in the given System. The types of Systems, the terms and conditions and the rules of their use are published on the Website or on other sites made for use of the relevant System, in the software and mobile applications and may change from time to time.
The Systems are available for Customers with relevant accounts in the Bank. Providing the Customer with a device, username, password to use the relevant System, as well as otherwise giving the Customer access to the System, means that a System Provision Agreement has been concluded between the Customer and the Bank in accordance with the Main terms. The Main terms, Tariffs, guidelines for the use of the relevant System, the rules and terms of use of the Bank's websites, mobile applications and other software, as well as other documents regulating the Customer-Bank relations make an integral part of the System Provision Agreement.
The Parties shall accept that by entering the username, passwords or other messages required to access the System, the Bank performs the necessary and sufficient identification of the Customer, which is a basis for providing banking services to the Customer through the Systems.
The Parties shall accept that after Customer identification the password used by the Customer to log in to the System has legal force equivalent to the original signature on a paper document. After logging in to the System by the Customer, all applications, contracts and other electronic documents to be submitted to the Bank through the System are deemed signed by the Customer. Exchange of information through INECO ONLINE System is equivalent to exchange of information personally inside the Bank.
The Customer is obliged to strictly keep the confidentiality of the password to access the System and other identifying data and to take the necessary precautions to exclude the possibility of unauthorized access to the System and data availability by other parties while using the Systems. The Bank shall not be liable for any damages caused by the Customer as a result of their disclosure to third parties.
To use InecoOnline, InecoMobile and other Systems the Bank may provide software, security keys, chip, tokens and other devices to ensure security for access to the System. These devices are the property of the Bank and are subject to use in accordance with the procedure established by the Bank. In case of loss or damage of the device, the Customer is obliged to immediately inform the Bank. The Bank may demand the immediate return of the devices provided to the Customer, their replacement, as well as the establishment of special rules and terms for their use.
The Bank uses modern, reliable means to ensure the security of data transmission through the Systems. Nevertheless, the Customer uses the Systems at its own risk and the Bank shall not be liable for any failure or loss of data related to the use of the Systems, as well as for the disclosure of Customer data resulting from the use of the Systems and for any other losses and damages of Customers.
The Systems are provided on the terms and conditions effective at the time of their availability and allow the use of the operations actually available at that time. The Customer is aware that depending on the rules and technical capabilities of the Payment Systems some information about Card and other accounts, as well as about other operations may further be reflected or updated in the System. The list of services offered to Customers and certain opportunities may be limited depending on the capabilities of the Customer's computer or other technical means, the quality of connection, the maintenance work performed by the Bank and other factors. The Bank may increase or decrease the scope of its Operations through the Systems, as well as suspend or terminate access to the System (including dissolution of the System Provision Agreement) due to maintenance work or for other reasons.
The Bank may electronically inform about the results of studying the Customer's applications through the Systems, as well as of other Customer transactions, including by posting information on the relevant web pages or mobile applications, by e-mail, SMS sent to the mobile phone, via Push Notifications and in other ways. Data on transactions through the System are stored on the Bank's servers and are considered as evidence for the settlement of disputed issues.
The Bank has the right to set limits for the operations carried out through the System, as well as to carry out additional verification of the Customer's identity while fulfilling the Customer's recommendations and instructions, requiring additional voice or other confirmation. The Bank may suspend or terminate the Customer's access to the System in case of non-payment of fees defined by Tariffs or other documents, violation of the requirements of these Main terms, as well as in case of suspicion about the Customer's identity.
Dissolution of the System Provision Agreement shall not lead to the change or termination of other contractual relations between the Bank and the Customer unless otherwise agreed in writing.

Updated as of 07.07.2026 10:32