A credit limit may be granted to any card account opened for both a private individual and a legal entity by submitting an appropriate application. Existing clients may also submit the application remotely.
When making a decision on granting a credit limit, the bank evaluates the client’s current account turnover, history of cooperation with the bank, and financial indicators. Depending on the results of the assessment, the bank may offer a credit limit without additional collateral or against collateral, such as a security deposit, financial pledge, third-party guarantee, securities pledge, etc.
Interest on the use of the credit limit is calculated daily on the actually used amount of the credit limit, based on the card account balance at the end of the day. The accrued interest is debited from the card account on the last calendar day of the month.
The credit limit has no fixed repayment term. The client pays only for the actually used amount of the credit limit.