Overdraft

With the overdraft service, you can withdraw amounts that exceed the available funds of your personal account – ranging from one salary, the minimum amount, to three salaries, the maximum value.


Which are my benefits?

Easy

Minimum necessary documents.

Quick

You’ll have the money in your current account shortly after approval.

Without Worries

Even if your balance is zero, you’re “covered” for unforeseen situations.

Convenient

You only pay for what you use and you only use how much you want.

The Overdraft is available for 1 year, with the possibility of an extension, and the maximum eligible sum is the equivalent of 10.000 EUR in Lei, in accordance to the applicant’s monthly income.

Interest rates

Currency Reference index Reference index value (%) Fixed margin (%) Variabile interest (%) DAE (%)
LEI IRCC 2,63 9 11,63 12,13


The Interest rate – is revised quarterly on 01.01, 01.04, 01.07 and 01.10 (at 3-month intervals).

Penalty interest – Interest owed by the monetary obligation debtor (Borrower) who failed to meet his scheduled financial obligation in due date. According to the law, it does not apply to amounts from the calculated interest rate.

The default interest is fixed and calculated by adding 3% to the annual interest rate (annual interest rate + 3%).

Fees

Fee LEI loan EUR loan
Document analysis (inquiry) fee  0 LEI 0 EUR
Monthly loan administration fee 0% 0%
Single fee applied to services provided on the client’s request 50 EUR 50 EUR

 

Other costs:

  • Cost of opening an account / package.

Calculation example

DAE 12.76%, interest 11.63% calculated by IRCC + fixed margin 9%, calculated for an overdraft of 5,367 lei and granted on a 12-month period. The total sum required the end of the loan period (if the full approved amount is withdrawn) is 6.014,27 lei.

Is it necessary for me to cash in my salary/ pension in an account open at UniCredit Bank in order to benefit from an Overdraft?

Yes, it’s necessary for you to cash in your salary or pension in an account open at UniCredit in order to benefit from an Overdraft. You can find more information on GeniusCont, the current account with ZERO commission, here.

 

How old am I supposed to be in order to apply for an Overdraft?

In case you are employed, you need to be between 20 and 64 years old, if you’re a man, respectively 62 years old if you’re a woman, and for retirees, the maximum admitted age is 69 years old.

 

What monthly income am I required to have in order to apply for an Overdraft?

The minimum eligible net monthly income starts from the minimum wage.

 

For what period will the overdraft be at my disposal and what’s the maximum sum?

The Overdraft is available for 1 year, with the possibility of an extension, and the maximum eligible sum is the equivalent of 10.000 EUR in Lei, in accordance to the applicant’s monthly income.

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