[TBC Bank] Overdrafts

Product Description	Overdraft is a type of a credit line - its holder can use the credit any time without any bank notification or any additional procedures.
Main Advantages	Interest on overdraft is low and is calculated based on the actual amount spent* Overdraft is a flexible financing instrument- You are allowed to withdraw funds from a bank or ATMs It is simple to get an Overdraft Overdraft is not limited to certain purchases - i.e., credit can be used for any expenditures
Interest	24% annual interest rate,
General Conditions of Overdraft	Minimum amount: USD 200 Maximum amount: USD 10,000 Commission fee for granting/renewing overdraft: USD 10 Purpose of overdraft: Any The average time for granting overdraft: 1 day. Overdraft is calculated in USD.**
Terms	Form 1 - up to12 months(must not exceed expiration date of a card).

** e.g. A customer may have an Overdraft that allows financing of up to USD 1,000 at any time during the year. If a customer spends only 500 USD of the Overdraft and repays the amount in 2 weeks, the customer has to pay interest of only 2-weeks on USD 500.
** In order to use Overdraft on GEL or EURO debit cards, one must add a card account in USD as well.

Terms of Standard Overdraft for Different Customer Categories:

	Individuals who get their salary in TBC Bank:	TBC Term Deposit Holders:	Founders and Employees of TBC Bank's Customers Companies:	Holders of a Long Term Mortgage Loan from TBC Bank:
Maximum amount of Overdraft:	80% of annual salary	USD 50 less the deposit amount, including interest accrued on Overdraft;	100% of monthly income; in case the company finances business travel, USD 10,000;	50% of monthly income;
Overdraft Maturity:	10 days (for Visa Electron), 30 days (for other Visa cards) before the expiration date of the labor agreement;	10 days (for Visa Electron), 30 days (for other Visa cards) before maturity day of deposit;	10 days (for Visa Electron), 30 days (for other Visa cards) before the expiration date of the labor agreement;	Prior to maturity of a collateral and/or expiration date of plastic card;
Repayment Period:	Within 40 days after accessing the Overdraft;	Upon expiration of overdraft;	Within 40 days after accessing the Overdraft	Within 40 days after accessing the Overdraft;
Collateral:	Not Required.	Deposited amount;	Company Guarantee;	Not Required;
Other Conditions:	_	_	Company must meet the criteria specified by the Bank.	Borrowers monthly income must exceed $1,000;Positive credit history must exceed 3 months.

TBC Overdraft holders can get the overdraft information via our divers electronic services:

Internet Banking
SMS service