OTP Bank to resume proposal of “Hostynny” overdraft to current bank customers

09/ 11/ 2022

Listen to online Stop   OTP Bank resumed proposing new limits for Hostynny overdraft product. Thereby current micro and small business clients of the bank with stable current account receipts can receive an overdraft limit. As the director of corporate products and services department of OTP Bank, Tetyana Matiyko, noted: In current situation in Ukraine, we must support business and ensure functioning of the economy, so we decided to resume providing new limits for overdraft product Hostynny to current bank customers. At the same time, provision of financing according to the limits that were agreed before February 24 did not stop if the client carried out activities. Although situation on the market has changed, our fast and simple overdraft registration procedure, absence of collateral, surety and registration fees have remained unchanged. Hostynny overdraft is a product for micro and small business customers with annual sales from UAH 1.5 million to UAH 100 million. Within this product, clients can receive short-term financing of up to UAH 2.5 million, which gives the company an opportunity to make payments in excess of the balance of funds on the current account. The main advantages of Hostynny overdraft: quick decision-making – 3 days to get a loan; no commission for setting the overdraft limit; flexibility in revising and increasing limits; lack of collateral and surety. To learn more about overdraft conditions, please follow the link.

OTP Bank resumed proposing new limits for “Hostynny” overdraft product. Thereby current micro and small business clients of the bank with stable current account receipts can receive an overdraft limit.

As the director of corporate products and services department of OTP Bank, Tetyana Matiyko, noted: “In current situation in Ukraine, we must support business and ensure functioning of the economy, so we decided to resume providing new limits for overdraft product “Hostynny” to current bank customers. At the same time, provision of financing according to the limits that were agreed before February 24 did not stop if the client carried out activities. Although situation on the market has changed, our fast and simple overdraft registration procedure, absence of collateral, surety and registration fees have remained unchanged.”

“Hostynny” overdraft is a product for micro and small business customers with annual sales from UAH 1.5 million to UAH 100 million. Within this product, clients can receive short-term financing of up to UAH 2.5 million, which gives the company an opportunity to make payments in excess of the balance of funds on the current account.

The main advantages of “Hostynny” overdraft:

• quick decision-making – 3 days to get a loan;
• no commission for setting the overdraft limit;
• flexibility in revising and increasing limits;
• lack of collateral and surety.

To learn more about overdraft conditions, please follow the link.