OREANDA-NEWS.  January 16, 2014. A short-term credit limit is fixed at 50% of wages credited to a wage card. An overdraft credit will enable customers to draw between 1,000 and 200,000 rubles.

Overdraft is allowed at an interest rate of 16% per annum in rubles. The credit will be repaid every month from wages transferred to the card, and each time the credit is repaid, the limit can be extended again.

For a customer to receive this service, he/she has to produce his/her passport at a Bank office to have a limit fixed on his/her card within a matter of 15 minutes.

No limitations apply to the purposes of the overdraft facilities.

Customers receiving wages on a Bank card may take out a nonpurpose consumer loan, Fit for All, of 10,000 to 500,000 rubles for a period of up to 60 months at an interest rate of 15.5% to 22.5% per annum.