Overdraft is an expensive loan and should always be seen as a temporary loan to meet unexpected expenses.

We designed our overdraft with the idea in mind that it should be encouraging to get rid of it as soon as possible. You can make a plan to decrease your overdraft monthly to keep it flexible - or take an indóloan on better terms to pay it down.

When you apply for an overdraft, you technically haven't borrowed the money. You are getting permission - or an overdraft - from us to borrow money. Once you have used up the money in the debit account, you start using the overdraft. Then you are getting a loan - and paying interest on that amount.

There are no additional costs for taking the overdraft: no borrowing fees, change fees or other fees.

Overdrafts are expensive because of the interest. We charge you interest at the end of each month - on the amount you use from the overdraft. If you do not use the overdraft facility, you will not pay anything.