OREANDA-NEWS. April 18, 2012. Nordea Bank Russia (NBR) the interest rates charged on overdrafts with a grace period of the interest repayment in any currency other than the Roubles are 19 percent per annum and in Roubles - 23 percent per annum, reported the press-centre of Nordea Bank.

A 56-day grace period is applicable under overdraft facilities available to the holders of Visa International and MasterCard Worldwide bank cards issued by NBR, provided that the amount outstanding under the relevant overdraft facility is fully repaid by the end of the grace period.

The interest rates charged on the overdrafts without a grace period are 17 percent per annum in any currency other than the Roubles and in Roubles – 21 percent per annum.

Such overdraft facilities with a grace period available to the holders of bank cards issued by NBR have the following advantages:

all formalities related to lending procedures are free of charge;

no lump-sum and monthly fees payable under overdraft facilities;

an instant access to the funds: an overdraft facility with a grace period can be drawn down by using a bank card either to pay for goods and services or to withdraw cash from AMTs;

overdraft facilities offered by NBR are available in the currency of the relevant card account (in Roubles, US Dollars or in Euros);

an individual limit for an overdraft amount is set for each cardholder (up to EUR 12,000 or an equivalent thereof in Roubles or in US Dollars) for the period of one (1) year provided that the period may be automatically extended;

customers are informed free of charge on the amount of the minimum mandatory payment due, the full amount outstanding and the final repayment date by an SMS message sent to the cell phone of the customer or by an account statement, or upon request of the customer to the customer support service of NBR;

a customer may partially prepay the amount outstanding under the overdraft facility, provided however that the minimum partial prepayment is 10% of the amount outstanding (principal plus interest due and payable).

The interest rates on the overdrafts with a grace period for the Bank’s clients who participate in “Home Bank” advantage programme are as follows: for Silver clients – 17 percent per annum in any currency other than Roubles and in Roubles - 21 percent per annum, for Gold clients – 15 percent per annum in any currency than Roubles and 19 percent per annum – in Roubles.