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 & FEES
INTEREST RATES
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Discount applied to the standard annual interest rate |
Variable interest (it includes the discount***, if applicable) |
EAR** |
Standard annual interest rate |
NA |
IRCC* + 9 %/year |
18,31%/year** |
Discounted annual interest rate, applied during the fulfillment of the conditions*** |
2 p.p. |
IRCC* + 7 %/year |
16,01%/year** |
* IRCC reference index is 5.66% on 01.01.2025. The interest rate is reviewed quarterly at 01.01, 01.04, 01.07 and 01.10.
**see representative examples below
***The Discount of the annual interest rate will be applied under the conditions provided in the loan contract, following the fulfillment of the Monthly turnover condition, representing the obligation to ensure a total monthly credit turnover through the current accounts of the Borrower who signed the credit application as Applicant, opened at UniCredit Bank, which represents at least 70% of its income taken into account by the Bank for granting the Overdraft.
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 penalty interest is fixed and calculated by adding 3% to the annual interest rate (annual interest rate + 3%) or 2% to the annual interest rate, for special cases.
| 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
Representative calculation examples for an overdraft amounting to 5,367 lei, granted for a period of 1 year, in case of a withdrawal of the entire amount approved at the ATM of another bank:
Assuming the application of the standard variable interest rate of 14.66% made up of IRCC (5.66% as of 01.01.2025) + 9% fixed margin throughout the duration of the loan, the APR is 18.31%, the total payment amount at the end of the crediting period is 6,285.99 lei.
Assuming the application for the entire duration of the loan, following the fulfillment of the monthly turnover condition, of the reduced variable interest of 12.66% consisting of IRCC (5.66% on 01.01.2025) + 7% fixed margin, APR is 16, 01%, the total payment amount at the end of the crediting period, under the same conditions of using the limit, is 6,178.35 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, on our Current account page.
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.
