Overdraft
Credit on banking card

You do not have enough balance to pay for your purchases? You need to urgently borrow some cash?

Now, you can take them from the Bank. To do this you only have to fill in an application for “Overdraft” service in any branch of KICB Bank.

KICB offers you a solution – use overdraft card. Activate it once and you will no longer need to borrow money again.

What is an overdraft?

Overdraft is a card which allows you to withdraw more cash than you have on your account. Even when your balance is at zero, you can pay via POS terminals or withdraw money at the ATM.

Why using overdraft is convenient?

- It is a «cushion» for force majeure events

- Cash is available even when account balance is zero

- You can use it when you need it

- You will pay interest only for the days and amount of used overdraft

- Multiple withdrawals and top-ups of the account

- Available on all Elcard and Visa banking cards

- Quick approval process

Types of overdraft

- Overdraft for staff of organizations participating in KICB payroll project

- Overdraft for clients with current retail loans

- Overdraft for clients with current account

The loan limit is opened for two years and you can use overdraft any time when you need (within two years). Having subscribed to Overdraft service from KICB, you have full right not to use this service but to use it only when you need it. The interests will be accrued only for those days when you actually use the overdraft. If you couldn’t use overdraft within a period, but you plan to use it in future, then upon expiration of the period you have to fill in an application again and to extent the loan limit.

 Overdraft from KICB for participants of the payroll project:

 This service is available to all participants of VISA KICB payroll project.

• “Overdraft” service from KICB allows easily and quickly receiving a short-term loan on your card without extra spending of your time. Filling in an application only once, you will receive constant access to the loan and as a VISA KICB cardholder  you will be able to receive up to half amount of your salary that is accrued to your banking card
• You will always use overdraft at appropriate rates 
• You do not have to pledge your property or other valuables to obtain a loan: loans are disbursed against a guarantee (one colleague or a guarantee of an employer)
• Registration of the loan limit  on a card takes not more than three days
• Your company or colleagues can be your guarantors
• Overdraft is provided for 24 months but not longer than validity of the card.

Terms

Overdraft from KICB for customers with a settlement account with our bank*:

The customers who have a settlement account with our bank effective for more than 12 months can also take advantage of the overdraft. The overdraft is provided for 24 months.

Terms 

Overdraft from KICB for customers obtaining a loan in our bank:

The customers who obtain usual loans in our bank can also take advantage of the overdraft. The overdraft is provided for the period of the current loan.

Terms

 Choose your overdraft today and your wallet will never be empty!

* According to the Regulation of the Management  of the NBKR dated by February 10,2016  №7/3, disbursement  of overdraft  in foreign currency is possible only for the  clients conducting  the business  activity  on  the basis of  the certificate and patent. 

**  Basic period is a period from the date of the withdrawal of overdraft to the first day of the following month

*** Normal period is a period following the normal period that lasts for 30 days.

The effective interest rate from 24%.