In order to take advantage of the FlexFund overdraft, you need to have an Active or ProGreen current account in ProCredit Bank to receive regular monthly income.
FlexFund Overdraft
- No application and disbursement fee
- 7.75% + 0.6% levy fixed interest rate for the whole period
- Limit up to EUR 5,000€
- Fully online process
- No yearly fee for the maintenance
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Loan Application Process
1. Fill in and submit the application form
It is important for us to understand more about you in order to give you an overdraft.
2. We will give you a call
Expect a call from our team.
3. Contract signature
Signing the contract online via the platform gov.gr or via Citizen Service Centres (KEP).
4. Get your overdraft
The approved amount will be granting to your current account.
Loan Advantages
- FlexFund overdraft is a loan with a pre-approved limit based on your income.
- The amount is available directly in your current account.
- You can use the approved limit for payment at a POS terminal, as well as ATM withdrawals.
- Interest is charged only on the utilized amount.
- Repayment is automatic upon receiving a salary or other regular income.
- Its renewal does not require a visit to the Bank's office.
Example
For FlexFund overdraft on payroll; amount of EUR 3 000, loan period 1 year, annual interest rate 7.75% + 0.6% Levy. The interest rate that is applied in the repayment of the used amount is 8.35%. Total amount due (principal, interest and fees) EUR 3 250.54 on the assumption of the amount is utilized fully and for the whole period and the principal will be repaid one-time at the final repayment day. Annual percentage rate of charge (APRC) – 10.86%.
Our clients about us
Frequently asked questions
If you are a new customer - we will provide you with the funds from the approved limit directly to your checking account after receiving income on your account in two consecutive months.
For current clients – the amount is disbursed after signing a contract on a certain date stipulated in the FlexFund consumer overdraft contract.
There are no fees related with overdraft FlexFund.
