Maxim Demchenko
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Belarusian bank BPS Sberbank offers its clients an overdraft service that allows them to use borrowed funds in excess of the amount on the account. A short-term negative balance is allowed. When money is received on the card, the debt is automatically repaid. BPS Bank accrues interest for overdraft on the amount actually used.
BPS Bank issues plastic payment card 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 period of 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 Belarusian ruble. The installment plan for the resulting debt should not exceed a calendar year.
Basic requirements for the borrower
Potential overdraft recipients at BPS Bank have minimum requirements:
- age from 18 to 65;
- work experience at the last job for at least 3 months.
Users can apply for a loan online. At the same time, they need to indicate their personal data (surname and first name), a mobile phone for communication and consent to the automatic processing of personal data by the bank.
To get an overdraft, it is enough:
- apply online;
- wait for the preliminary approval of the bank;
- come to the nearest branch and order the service.
By loan calculator you can calculate the amount of the overpayment.
The method of payment (accrual of interest on the balance or payment of debt in equal installments) is chosen by the client independently.
What documents should be provided
To apply for a loan, you must provide originals and copies of the following documents:
- The identity document of the borrower (for citizens of the Republic of Belarus a valid passport, for foreigners or stateless persons, a document confirming a residence permit in the country is required).
- For men between the ages of 18 and 27 years old, a military ID or a document of deferment from conscription is required.
- Certificate of residence or temporary stay in the Republic of Belarus.
- Certificate of the FSZN form on the state pension accrual for the previous month.
- Documents confirming additional income applicant (for example, a certificate of the amount of pension payments).
With a credit limit of up to 5000 Belarusian rubles an individual needs one guarantor, if the loan amount increases to 10 thousand, several guarantors are needed.
Loan agreement execution
Internet application
To get advice on the execution of 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 should indicate:
- your personal data;
- mobile phone number for contact;
- convenient time to answer a call from a bank manager.
The consultant contacts the applicant within the specified time frame. 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. You should bring the required package of documents.
Personal visit to a bank branch
You can apply for an overdraft at BPS Bank during a personal visit:
- present the required documents;
- leave your contact information.
The loan agreement takes about 10 days.
Clients can find the list of bank branches on the official website.
Application by phone
You can get information of interest by phone:
- by short number 148 or 5-148-148, payment is made in accordance with the tariff of the mobile operator, you can apply for a loan;
- the operator helps to fill out an online form;
- the client is informed of the necessary list of documents, which must be presented in person at the bank branch.
The analysis of the client's solvency for an application for an amount of up to 100 million Belarusian rubles is carried out automatically without the participation of the human factor under the "Credit Factory" program. As a result, the issuance of a positive decision on the overdraft loan is accelerated. For holders of payment cards, the result is reported in 2 hours, the rest are awaiting a decision in 2 days.
If the loan amount is limited to BYN 1 million, as well as for holders of salary cards, the automatic technology is not applied.
An overdraft loan is called a payday loan, which helps to solve urgent financial problems. The minimum of documents, the availability of registration, the fast term for obtaining credit funds are the main advantages of a loan at BPS Bank.
Credit cards and overdrafts on salary "plastic" have long been loved by Belarusians. It is convenient: there was not enough money - I borrowed from the bank without even going there. But buying goods on credit and returning the cash to the card, you can either win or lose ..
"I repaid the overdraft, and then I owed the bank two more days"
To the editor site the reader asked Sergey... He uses BPS-Sberbank payment cards: the first one has an overdraft, the second one usually receives a salary. And then one day an unpleasant story happened to him.
"I decided to use the overdraft, because the money on the main card ran out,- says Sergey. - I paid at the store with a credit card. A few days later, the money came to the salary card, and I immediately paid off the debt so that no interest would be 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 owed did not change. The next day I was still in debt".
The man, perplexed, turned to a bank specialist for an explanation. It turned out that when transferring money to a card to repay an overdraft, the operation is processed by the bank within 3 working days.
"That is, it is necessary that the operation goes through the account,- explains the bank employee. - After processing the transaction, you will not be shown the overdraft debt. Our bank pays off the debt in accordance with the terms of the overdraft lending agreement. It indicates that the repayment of debt is made by cash arriving at the account by cashless transfer or by depositing cash in the prescribed manner to the cashier".
The money should be credited to the account, and not displayed on the card. " Non-cash transfers to an account include, for example, crediting your wages or other transfers, where the account number is indicated,-the bank specialist explains.-When making an operation via Internet banking, that is, by transferring funds to a card, the account operation is displayed not 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's specialist confirmed that until the operation goes through the account, the client will display the debt and accrue interest on the loan.
"Payments can't go with the speed of thought"
"Clients often 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 performance of an operation (for example, payment in a store with a card, repayment of a loan at ATMs or payment and information terminals, etc.), and its actual reflection on the account in the bank's 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 at Alfa-Bank.
The bank's specialists ask you to take into account that the rate of reflection of the payment on the account depends on the type of transaction. For example, with a regular 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 operation can reach the account only after 10 banking days.
When paying with a ruble card abroad, you can lose due to the instability of the exchange rate
"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. Currently, the maximum confirmation period for banks 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 making payments with a card in Belarusian rubles abroad. Taking into account the instability of the exchange rate, you can "get on the bucks". The bank will write off the equivalent of Belarusian rubles at the rate on the day of displaying on the account, and not at the rate on the day of the payment.
Of course, operations within a country 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 receipt of documents to the bank confirming the payment.
"We process transactions in our devices ourselves, - is talking head of the department for the development of card products of the card center of OJSC "Belinvestbank" Artem Smirnov. - Even if the Banking Processing Center "falls down", our ATMs will accept payments. If we work with cards from other banks, then we cannot guarantee anything.".
In general, objective processing times 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 performed the operation on a Friday or weekend, there may be a delay. Transactions on Saturday and Sunday are processed not every hour, but twice a day".
Due to such technical features, it may turn out that a person paid with an overdraft card on a weekend, and on Monday repaid the debt through the cashier. It turns out that the debt has not yet been displayed, but the repayment has already passed. " This is not a scam, but simply the features of the software,- says Artem Smirnov.
It is best to repay a loan at the bank's cash desk.
How can you still avoid the accrual of extra interest and fines from the bank? First of all, no matter how banal it is, you need to read the agreement and ask the question about the fastest way to repay the loan in time.
Several options are always possible. Alfa-Bank distinguishes two: "day to day" (that is, during banking day) when paying at the bank's 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 information terminal, as well as devices and Internet bank of other banks), QIWI terminals.
The same delays occur when repaying regular loans. Let's say a client makes a monthly payment on the date specified in the contract. If a person does this on the maturity date through the ERIP, then, accordingly, cash will arrive the next business day and the client will be overdue.
The fastest payment method is at the bank's cash desk. Transfer from account to account in Internet banking will be similar in speed. But not all banks provide this opportunity.
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Almost everyone was faced with the problem of not having enough money to make a purchase. In such a situation, you can ask for a loan from friends, relatives or borrow money from a bank for a very short period.
Definition
An overdraft is a loan issued by a bank to fund an individual's account. Its main difference from a consumer loan is its multiple renewal during the term of the contract. In addition, you need to repay the loan at least once a month, and interest is charged on the entire amount of debt.
What does a potential borrower need to know?
Overdraft is a renewable credit line... Provided that the debt is repaid in a timely manner, it will be possible to use the funds an unlimited number of times. This is very convenient for clients who value their time and cannot apply for a new loan every time.
Such a loan is much cheaper than the “payday loan” that microfinance organizations provide today.
Interest rate floating in all banks. It depends on the client's income level.
Overdraft can be not only formalized, but also technical. In the second case, a negative account balance may arise after converting funds or withdrawing cash through an ATM with a large amount of commission. In the event of a technical overdraft, the bank provides 35 days to repay the debt. Otherwise, the client will be subject to penalties.
In case of untimely receipt of income on the card for any reason, the client will be sanctioned in the form of an increase in commission or a decrease in the limit.
Lending institutions also charge a fee for withdrawing funds through any ATM.
For some time now, it has become a practice to sell overdrafts at the same time as registration. This may come as a big surprise for many quit employees. Indeed, in the event of a delay in the transfer of income, the client will be subject to penalties.
Peculiarities
The overdraft is issued only to the current clients of the credit institution. Funds are transferred to an open account. Most often, a salary card is used for this purpose. Such an account is replenished twice a month, and the funds can be used an unlimited number of times. The funds limit is set by the bank based on the client's income level. If your own funds on the card are not enough to make a purchase, then the overdraft service is automatically activated. That is, the client will be able to pay for the purchase with his salary card, but at the expense of borrowed funds.
Overdraft is the same loan on which interest is accrued. That is, the client will still have to return the principal and the accrued commission to the bank. Unlike a regular loan, the loan is repaid immediately after the funds are transferred to the account, and the commission is charged on the amount of money used. If, for example, a client received a loan in the amount of 100,000 BYN, and used only 10,000 BYN, then interest will be charged only on this amount until the debt is repaid.
Today we'll talk about how to get an overdraft in Belarusbank.
How to register?
An application for an overdraft from Belarusbank can be submitted directly on the credit institution's website in the section of the same name. To fill out a questionnaire for obtaining a loan through Internet banking, just go to the "Additional services" section of the "Accounts" menu. In M-banking, the corresponding menu item is located in the "Services" section. You can also submit an application by contacting one of the branches of Belarusbank.
Overdraft for a salary card is provided based on the calculated limit. The latter depends on the level of monthly income and cannot exceed 200 base units. The completed application goes to the credit department of the bank at the place of opening the account (card).
The results of the preliminary decision of the client will be informed by the employees of the same department via SMS or in another way chosen by him... If the application is approved, the client will be invited to the office to provide the originals of the declared documents and sign the contract.
Overdraft "Belarusbank" draws up if you have a passport and a certificate of income for the last two quarters.
Conditions
OJSC "Belarusbank" provides loans for salary cards under two programs, which differ in the limit, terms and commission:
1. With a maturity of once a quarter. Overdraft "Belarusbank" provides for a year in the amount of twice monthly income over the past six months. Interest rate = СР + 9 p.p. (as of 01.11.16- 29%). The term of the loan cannot exceed the term of the card accounts.
2. With a maturity of once every six months. Overdraft "Belarusbank" provides for a year in the amount of 400% of the average monthly income over the past six months. Interest rate = CP + 10 p.p. (as of 01.11.16- thirty%). The term of the loan cannot exceed the term of the card accounts. This service is not provided to clients whose work experience is less than 1 year at the last place of work.
The previously active program with a monthly maturity date from 01.08.16 was closed.
Potential borrowers must meet the following requirements:
- number individuals or individual entrepreneurs;
- have an impeccable credit history in past;
- have a bank account, through which transactions were carried out over the past three months.
How to use the Belarusbank overdraft?
Having ordered this service, the client will be able to pay bills with borrowed funds from his card. The plastic holder himself determines when, in what volume and for what to spend the overdraft. "Belarusbank" charges interest only on the actual amount of debt. If a client has ordered a service, but does not use it, then he will not pay a commission either. The overdraft is connected automatically when the client pays the invoice, the amount of which exceeds the balance of his own funds. Loan repayment is also carried out automatically after the income is credited to the account.
Credit vs Overdraft
In essence, an overdraft is very similar to a consumer loan, which is provided on cards. The loan amount in both cases depends on the salary level. However, the maximum amount for a loan is higher than for an overdraft from Belarusbank. Interest for withdrawing cash on the account - 4%. The rates for the use of funds are the same in both cases. However, when applying for a loan, interest is charged on the entire amount of outstanding debt. No collateral or surety is required to register an overdraft with Belarusbank.
Customer Reviews
The main advantage is ease of use. To apply for a loan, it is enough to submit an application via the Internet. If the client already has a salary card, then it is not necessary to provide a certificate of income. After preliminary confirmation of the application, the bank manager will contact the client to schedule a meeting with the branch employee. Already in the office of the credit institution, the client will be provided for signature loan agreement... After that, it will be possible to use the overdraft an unlimited number of times.
Debt repayment is carried out automatically after the account is replenished. On the one hand, the client does not have to look for an ATM or terminal to pay the next installment. On the other hand, in the event of an overdue debt, the account will be blocked until the loan is fully repaid. In addition, the bank may apply other penalties in the form of lowering the limit and increasing the rate. The disadvantages of overdraft also include a small credit limit and short time validity of the contract (from 3 to 12 months).
Other options
Having considered in detail the conditions on which you can apply for loans to the card in Belarusbank, we will study other offers.
The market rates for servicing such loans range from 33-48%. At the same time, customers have to pay 34-42% for a consumer loan.
The lowest rate on the market is offered by the bank "BelVED". There is a 33% commission on the "Spare Pennies" loan. For using a similar product, Fransabank and Zepter Bank customers pay 39%, Technobank and Priorbank - 40%, BNB-Bank, Bank Moscow - 42%. Overdraft is the most expensive for VTB Bank clients - 47%. At the same time, many financial institutions provide a grace period of 10-30 calendar days, during which interest on the loan is charged at a rate of 0.0001%.
Free withdrawal of funds from an account is provided only for MTBank, RRB-Bank, Bank Moscow cards. A similar operation in Zepter Bank is charged at a rate of 2.5%, in Technobank - 3-5%, depending on the tariff plan.
Alfa-Bank provides a similar service only to holders salary card... The limit amount is 300% of the average monthly income. The interest rate increases with the term of the loan. When withdrawing funds from the account, a commission of 2% is charged.
« Belagroprombank»Also offers its clients two programs to choose from. The first 90 days from the date of signing the agreement, the overdraft is provided at 10% per annum. From day 91, the rate of 13% begins to operate. Exceptions are participants in the salary project and employees of agricultural enterprises. Overdraft is provided to such clients at 12.5% per annum. The initial loan amount is limited to 5,000 BYN, and maximum is 200,000 BYN. The application is considered within two days. Funds are transferred to the card on which monthly income is received: salary, profit from entrepreneurial activity, pension.
"Belarusbank" provides loans to the card based on the level of income, but in "BSP-Sberbank" the first overdraft can be obtained for a maximum amount of 10,000 BYN at 16%. The application is considered within two working days. You can repay the loan within a year from the date of the debt formation. An overdraft can be obtained not only by citizens of the Republic of Belarus, but also by stateless persons with a permanent source of income.
Output
Overdraft is good way get borrowed funds in an emergency, but you need to use this service very carefully. Better yet, activate it only if absolutely necessary. Overdraft "tightens". First, the client takes borrowed funds "for important needs", and after a couple of months he can no longer stop, since the amount of the limit is constantly increasing, and the proceeds are not enough to fully repay the debt.