Overdraft Belarusbank - a short-term type of loan that is issued banking institution and suitable for card account holders. Overdraft loans can be used by those customers who who have active accounts in Belarusbank. After you know what it is, you can safely apply for an overdraft at the bank for a different period.
It is beneficial for individuals to use an overdraft, as it is accompanied by a profitable% and a period for which the client does not have time to fully get into debt. An individual limit is set on the Belarusbank card, which cannot be crossed and this will help save personal funds.
Similar loan offer meets the needs of most customers - you can both receive money and use the amount wisely within a limited framework.
Overdraft refers to short-term credit products, which holders of card or current accounts of Belarusbank have the opportunity to issue.
Loan access provided if you have a payment card with a permanent credit different types payments (this may be a salary card of Belarusbank). The cardholder decides for himself how much and when to use a short-term loan.
Calculation example
Overdraft types for Belarusbank clients:
Related video:
What is the difference between an overdraft and a full one? loan product? This type of loan is short-term, and the loan is issued for the n-amount of money that the borrower spends at his discretion.
You can issue an overdraft within the established limit and use money only with a limit limit, unlike a regular loan. In conditions of short-term lending, it is more convenient to use it by connecting a salary or other account of Belarusbank.
How to get an overdraft for card account holders? This is done by concluding an agreement with Belarusbank.
To do this, you must present:
Alternative registration option - online application Belarusbank makes full use of mobile banking, so customers have the opportunity to plug short term loan on the salary card without queues.
Repayment in progress in the usual way, therefore, no one will have any difficulties with this procedure.
If you have a Belarusbank card, then you can use it with maximum possibilities.
If necessary, you can apply for an overdraft at the nearest branch or using mobile banking.
A short-term loan is provided under a single program and is distinguished by a limit limit, which is calculated individually for each plastic holder.
| Terms of short-term lending | Peculiarities | Additional Notes |
|---|---|---|
| If the client does not use an overdraft, but has issued it, then interest is not withdrawn | Should not be spent a penny from credit funds | - |
| The interest rate is charged only for the money actually spent | % depends on the period for which the loan is taken | Interest from 12.5 to 13.5% |
| The repaid amount can be successfully used again | The purpose of the funds does not matter | - |
| To successfully apply for an overdraft, you need to have active cards in "ASB Belarusbank" | Basically, the role of such payment cards is played by salary or pension | - |
| Before applying for an overdraft, you must carefully read the contract | Contract for the provision credit money can be supported by evidence | |
| You can also leave an application for registration through the use of M banking or information kiosk | An additional agreement is not executed without a visit to the client | - |
Belarusbank, when applying for a short-term loan, issues such requirements:
An overdraft is issued either at the branch or through the use of.
The main step in this procedure is the preparation of the application. The banking application has a special section "Services" in which you can submit online application(during its consideration, the staff of the institution will contact the client to clarify the details).
By contacting the branch of the credit institution, need to take with you the main documents that will help you get an overdraft.
Please see the list of required documents Credit card loan amount within a certain limit– depends on the marginal income for the month and cannot be more than 200 units. They issue a short-term loan only to users of Belarusbank, and the necessary funds are transferred to any open account.
You can use the overdraft as your personal funds, which are withdrawn from the card or spent on purchases. The holder decides What should he spend the loan on?. Money is provided according to a simplified scheme to an open account in domestic currency.
Schematic representation of obtaining an overdraft In addition to the main credit rate there are no hidden interest, and compared to credit card this product is more practical. to corporative clients a short-term loan is not always suitable, so ordinary cardholders use it.
How to pay off a short-term loan? Repayment is carried out in accordance with the terms of the contract. total amount must be repaid before a specific date (you need to put on the card not only the money borrowed, but also the interest). The revolving line of credit can be used again when it "goes to zero".
They request an overdraft to make simple purchases and end up paying for tuition. The conditions for the client are most suitable and depend on the financial capabilities of the personal account.
Analyzing the reviews, there are several advantages and disadvantages of an overdraft. Many users call such a loan “a fly in the ointment and honey in one”, as there are good features of the application, but the disadvantages also manifest themselves.
A loan is issued through bank transfer and refers to fast loans. It's convenient to use it bank offer on business trips or in other unforeseen situations when you urgently need to use a specific amount.
Pros:
Minuses:
Maxim Demchenko
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Belarusian bank BPS Sberbank offers customers an overdraft service that allows them to use borrowed funds in excess of the amount available on the account. A short-term negative balance is allowed. When money is credited to the card, the debt is automatically repaid. BPS Bank accrues interest for the overdraft on the amount actually used.
BPS Bank issues a plastic payment card to individuals who receive salaries to an open personal account with an open overdraft credit service. At the same time, the available amount varies depending on the term of the full repayment of the loan.
| Overdraft amount | Maturity, months | Bid,% |
| up to 80% of the average monthly actual earnings | 3 | 15,8 |
| up to 200% of the average monthly actual earnings | 6 | 15,8 |
| up to 400% of the average monthly actual earnings | 12 | 15,8 |
Interest rates on overdraft loans are linked to the data of the National Bank of the Republic of Belarus (NB RB) and change accordingly. From June 27, 2018, the NB refinancing rate is 10% per annum. Currency unit- only the Belarusian ruble. The installment plan for the resulting debt should not exceed a calendar year.
The minimum requirements for potential overdraft recipients at BPS Bank are:
Users can apply for a loan online. At the same time, they must indicate their personal data (last name and first name), mobile phone for communication and consent to the automatic processing of personal data by the bank.
To get an overdraft it is enough:
By loan calculator you can calculate the amount of the overpayment.
The method of payment (calculation of interest on the balance or payment of debt in equal installments) is chosen by the client independently.
To apply for a loan, you must provide originals and copies of the following documents:
At credit limit up to 5000 Belarusian rubles to an individual one guarantor is required, if the loan amount increases to 10 thousand, several guarantors are needed.
To get advice on drawing up an agreement online, the borrower is recommended to follow the link on the official website of BPS Bank.
Consideration of the application is carried out within 2 days.
In the application, the user must indicate:
The consultant contacts the applicant within the specified time. After approval, the borrower is required to go to the nearest branch of the bank, the address and opening hours of which are indicated on the official website. Should bring required package documents.
You can apply for an overdraft at BPS Bank during a personal visit:
Decor loan agreement takes about 10 days.
Customers can find a list of bank branches on the official website.
You can get information of interest by calling:
Analysis of the client's solvency when applying for up to 100 million Belarusian rubles is performed automatically without the participation of the human factor under the "Credit Factory" program. As a result, the issuance of a positive decision on granting an overdraft loan is accelerated. For owners of payment cards, the result is reported in 2 hours, the rest expect a decision in 2 days.
If the loan amount is limited to 1 million BYN, as well as for holders of salary cards, automatic technology is not applied.
An overdraft loan is called a payday loan that helps solve urgent financial problems. A minimum of documents, the availability of registration, a quick term for obtaining credit funds are the main advantages of a loan from BPS Bank.
Credit cards and overdrafts on payroll "plastic" have long been loved by Belarusians. This is convenient: there was not enough money - I borrowed it from the bank without even going there. But buying goods on credit and returning cash to the card, you can both win and lose.
To the editor website the reader asked Sergey. He uses BPS-Sberbank payment cards: the first one has an overdraft, the second is usually "thrown" a salary. And then one day something bad happened to him.
"I decided to use an overdraft because the money on the main card ran out,- says Sergey. - Paid at the store with a credit card. A few days later, money came to the salary card, and I immediately paid off the debt so that no interest was charged for using the loan. However, after transferring money from a salary card to a credit card through Internet banking, I saw that the amount of the debt had not changed. The next day I was still in debt".
The man, perplexed, turned to the bank specialist for an explanation. It turned out that when transferring money to a card to pay off an overdraft, the transaction is processed by the bank within 3 business days.
"That is, it is necessary that the operation goes through the account,- explains the employee of the bank. - Once the transaction is processed, you will not see any overdraft debt. Our bank repays the debt in accordance with the terms of the contract overdraft lending. It states that the repayment of debt is made in cash received on the account by bank transfer or by depositing cash in the prescribed manner. Money to the cashier".
The money should go to the account, and not appear on the card. " Non-cash transfers to the account include, for example, transfers of your wages or other transfers, where the account number is indicated,-explains the banker.-When making a transaction through Internet banking, that is, by transferring funds to a card, the account transaction is not displayed immediately, but up to 3 days, since the payment was made not according to the account details, but according to the card details".
The bank specialist confirmed that until the operation goes through the account, the client will display the debt and accrue interest on the loan.
"Often clients have questions like: "I paid today, but the money was not received. The bank is bad", - comment on the situation in the press service of Alfa-Bank. - This feeling arises due to a misunderstanding of the principle of the system, namely, the timing of the payment".
There is a difference in time between authorization, that is, the completion of an operation (for example, payment in a store with a card, repayment of a loan at ATMs or payment terminals, etc.), and its actual reflection on the account in the bank system.
"The payment system is a complex multi-stage mechanism, and the operation must be reflected at each stage. In some cases, this is not done at the speed of thought.", - they say in Alfa-Bank.
Bank specialists are asked to take into account that the speed of reflection of the payment on the account depends on the type of operation. For example, with a typical credit card payment in a store, the ownership of the payment device will be affected. If it belongs to the bank that issued the card, then the transaction is reflected on the next banking day. If the device belongs to a partner bank, then the transaction is reflected, as a rule, within 2-3 banking days. If this is a bank terminal that does not have any partnership or contractual relationship with the card issuing bank, then the transaction can reach the account only after 10 banking days.
"In general, the speed of transactions depends on when the card-issuing bank receives confirmation of payment from other banks that have accepted the payment. Now for banks, the maximum confirmation period is 30 days. This is the rule of payment systems", - warns the press service of Alfa-Bank.
First of all, it is worth remembering this when paying with a card in Belarusian rubles abroad. Given the instability exchange rate you can "get on the grandmother." The bank will write off the equivalent of Belarusian rubles at the exchange rate on the day of displaying the account, and not at the exchange rate on the day the payment was made.
Of course, domestic operations can be very fast. Especially if the bank has its own processing center. But the speed of processing payments will also depend on internal regulations, processes and the receipt of documents confirming payment by the bank.
"We handle transactions on our devices ourselves., - He speaks Artem Smirnov, Head of the Department for the Development of Card Products of the Card Center of JSC "Belinvestbank". - Even if the Bank's processing center "falls", our ATMs will accept payments. If we work with cards of other banks, then we cannot guarantee anything".
In general, the objective terms of processing can turn the situation both in the direction of the client and against him. Usually, in bank devices, as the specialist says, payments are processed the next day. " If you had the operation on a Friday or weekend, there may be a delay. Operations on Saturday and Sunday are not processed every hour, but twice a day".
Due to such technical features, it may turn out that a person paid with an overdraft card on the weekend, and on Monday paid off the debt through the cashier. It turns out that the debt has not yet been displayed, and the repayment has already passed. " This is not a scam, but just the features of the software,- says Artem Smirnov.
How can you still avoid the accrual of extra interest and fines from the bank? First of all, no matter how trite it may seem, you need to read the contract and ask in time about the fastest way to repay the loan.
Several options are always possible. Alfa-Bank distinguishes two: "day to day" (i.e. during banking day) when paying at bank branches ( cash receipt order), when using Internet or mobile banking of the bank that issued the card; on the next banking day in all other cases, for example, when transferring through ERIP (ATM, payment and reference terminal, as well as devices and Internet banking of other banks), QIWI terminals.
The same delays occur when repaying conventional loans. Let's say the client makes a monthly payment amount on the date specified in the contract. If a person does this on the repayment date through ERIP, then, accordingly, the funds will be received on the next business day and the client will be in arrears.
The fastest way to pay is at the bank's cash desk. The transfer from account to account in Internet banking will be similar in speed. But not all banks provide this opportunity.
Overdraft is useful financial instrument or a way for a bank to "hook" a client on its services and start the consumption of more "heavy" banking products?
“Both useful glucose and heroin can drip from the end of the needle.
Both affect health."
Overdraft, overdraft - how much has merged in this word for the buyer, here you have the money that is always lacking, and the belief that the salary will cover bank loan and you won't be penalized by the bank.
But is it really a useful financial instrument, or is it a bank's way of imperceptibly addicting a client to its services and starting to consume more "heavy" banking products? First, let's understand what an overdraft is and how it works.
What is an overdraft for individuals
Overdraft is a banking product that adds a certain limit to your card account bank funds(the amount of which is negotiated at the conclusion of the contract). If you do not have enough money when paying for the goods, then you get access to the funds provided by the bank.
For using an overdraft, the bank takes a fee in the form of a percentage of the loan amount. The contract stipulates a period (in most cases, these are the first days of the next month after the use of bank funds) when the principal debt and interest must be repaid. If until this time the principal or interest is not reimbursed, then penalties are applied to the borrower. Basically, this is an increased percentage of the principal debt and of remuneration.
Overdraft types
Unlike a loan, an overdraft has more short time repayments: one, two, three, six and 12 months.
According to the limit, it can be fixed - 10 basic units if you work for less than three months, and also if there is no document confirming your average monthly income for three months. A percentage (from 50 to 600%) of the average monthly income can be set. Now it is most accepted by banks to set a limit from 1 to 3 salaries. There are also maximum limits on the amount of the limit, for example up to €3,000, but maximum limit you can apply if you use the bank full confidence(positive credit history, are a VIP client, etc.).
Security
Guarantors act as collateral: an individual or legal entity (for example, your employer). As well as a penalty, when various kinds of penalties are triggered when the debt on the principal debt or interest is not repaid on time. Late payment of debt establishes a negative imprint on the credit history of the cardholder.
How to get an overdraft
Banks mainly practice placing an overdraft on salary cards, this ensures timely repayment of debts by debiting the required amount from wages. You just need to contact the branch banking organization, which serves your salary card, with a request for an overdraft. If you have a long work history and a good credit history, then it is quite possible that bank employees may offer to issue an overdraft to your salary card. It is enough to have a passport and a certificate of average monthly salary for three months. Usually, the decision to grant an overdraft is made within 2-5 business days. When choosing a limit, the salary, seniority and credit history of the applicant are taken into account. You can also increase the limit over time, but in some banks this service is paid.
How does an overdraft work?
Demyan Petrovich Loshadkin issued an overdraft on his work card, just in case. With his salary of 800 rubles, he was offered a limit of 1,600 rubles. (two of his salaries).
The repayment period is 4 months. Overdraft rate 27% per annum.
Soon he had an opportunity to use the overdraft. Demyan Petrovich decided to buy himself a new mobile phone, worth 1,200 rubles.
Theoretically, repayment of debt within four months would look like this:
Taking an overdraft of 1,600, Demyan Petrovich Loshadkin must repay the principal debt of 1,200 rubles plus interest of 27 rubles.
The main difference between an overdraft and other banking products is that the principal and interest are written off at the expense of wages. Therefore, the amount of principal and interest arrears should not exceed the monthly salary.
The real overdraft repayment table will look like this.
As soon as the employer transfers the salary to Demyan Petrovich's card, his entire debt is extinguished. But at the same time, he remains without a livelihood, since the entire salary went to pay off the overdraft and he will again need to take a loan.
At first glance, a very convenient banking product:
But like any coin, there is also the flip side of the overdraft:
The last point is very important, because instead of giving up an expensive purchase, wisely reasoning that it is better to save money, you use the bank's funds, for which you will have to pay a percentage for use. If the overdraft debt completely covers the salary, then you will have to use the limit again, and so on ad infinitum.
Consider the conditions that offer Belarusian banks on registration of an overdraft on salary cards.
|
Increased%, on the overdue principal debt (OD) (for each day of delay) |
Penalties for overdue% for the use of a loan (for each day of delay) |
||||
|
Belarusbank |
Three months 27%- six months - 28% |
3 months -100% of salary 6 months - 400% of salary |
40.5% of OD |
||
|
For each day of delay, the penalty is 54% of the total amount (2 times) |
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|
Priorbank |
One salary |
||||
|
fine + 0.5% of the total amount |
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|
Alfa-Bank |
(double) |
5 rub. first month, +10 rub. second month and last |
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|
Max. sum of three monthly salaries |
32% + 0.1% of OD |
0.1% of overdue interest for each day |
|||
|
Belagroprombank |
Min. the amount is more than 100 rubles. Max. - 5 000 rub. No more than three salaries. |
0.15 * 360 (number of days in a year) \u003d 54% per annum of the debt, for each day of delay |
|||
The best offer for interest rate and the limit is offered by Belagroprombank - 26% per annum.
The most sparing penalties for non-payers are used by Belarusbank - 54% per annum of the total amount for each day of delay.
With a negative balance on the card, almost all banks stop providing services, so it is impossible to go negative. The only thing that can be is a technical minus (for example, if the balance on the card is 0 and the bank has withdrawn money for using the card in advance), in this case no penalties are imposed.
The only bank with a possible negative balance is Belarusbank, penalties for an outstanding loan are seriously tightened: 1 month increased interest on the principal debt of 40.7% per annum + interest on remuneration (0.5 * 27%). The overall percentage is 54%. For the second and subsequent months 54%+(1*27%)=81% per annum.
Not one of the banks takes a commission for cashing out overdraft funds if you withdraw money from an ATM of a bank or a partner bank.
We decided to find out the opinion of overdraft users on this product.
Larisa - sales manager
- Overdraft I have been using for a long time, seven years. I have an Alfa-Bank salary card. I used to be at Priorbank, and when I changed jobs, I changed banks. Previously, there was a limit of five million rubles, now one and a half million. Loan maturity - 12 months. I use overdraft all the time, as soon as the salary on the card ends. Don't feel addicted to overdraft and enjoy others banking products not going to. I don't want to increase the limit. An overdraft has no negative qualities, only positive aspects: money just in case, low interest on credit.
Ivan - locksmith
- I have been using Priorbank's overdraft facility for many years. How much, I don’t remember, from the moment I got a job at the factory. Always helps out when the money runs out on the card. I don't know anything about penalties. I always pay in advance. Convenient: received a salary, gave it away and you can take it again. I want to increase the limit to 500 rubles. I recently purchased a front fender for a car, so the limit helped out a lot, otherwise there would not be enough money. True, I feel that if I refuse it, I will initially feel uncomfortable, just like when you lose your mobile phone.
The decision to issue an overdraft or not is yours, but you should remember the popular saying:
“You take someone else’s, but you always give your own!”
