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02.09.2008

CIBANK starts an overdraft loan campaign

CIBANK starts an overdraft loan campaign

CIBANK clients having an active debit card or a current account can obtain an overdraft loan at preferential conditions by 30th September 2008.  With the motto «Sunny days go on» the bank made a nice surprise to its regular clients at the end of the summer season, when, according to the experts, there is a serious need of free funds.
Overdrafts are a flexible form of loan in BGN, which make it possible to exceed the balance on the card account at the amount of a pre-negotiated limit. The advantage is that the client could use amounts higher than the ones available in the account at favorable interest conditions. No interest is accrued on the undrawn part of the overdraft.
CIBANK disburses the overdraft loan in a rapid and easy procedure, without additional guarantees and guarantors. After completing a form and upon approval of the bank within 2 hours, the client may have the amount in its card account as early as the following day.
The overdraft loan conditions are consistent with the type of account which the client holds. If the client has a current account and a CIBANK Maestro / VISA debit card, in which he/she received his/her salary in the last three months, the client could use a loan at the amount of up to BGN 7 000  for a 24-month period with an option for renewal. Promotional annual interest is 12% and is accrued only on the utilized amount. The loan is exempt from opening and management fees. 
If the client has a current account and his/her average social security income in the last 6 months has been over BGN 500, the overdraft loan would be up to BGN 5 000 with repayment period of 24 months and an option for renewal. Promotional annual interest of 16% is only on the utilized part of the loan. The loan is exempt from opening and management fees and no collateral is required.
At the end of the campaign CIBANK will also draw ten money prizes for the clients that used the promotional overdraft loan.

More information on the promotional overdraft