Overdrafts

Overdrafts

A simple, cost-effective way to meet your working capital requirements and get extra cash when you need it.

Overdrafts

Overdraft is a type of revolving limit, which allows the Borrower to have a negative balance on the current account in the respective currency. The limit is generally granted for up to 3 years subject to annual reviews. The overdraft is intended for meeting the short-term cash requirements of the Customer by providing the companies with flexible, short-term financing solution. Overdraft enables the Customer to cover the temporary cash shortages arising in the course of the day-to-day operations of the business and contributes to the better management of the cash flows of the companies, especially for businesses with expressed seasonality features.

Have a question?

Call an HSBC financial professional
+374 60 655 000

Our phone lines are open 24/7

Have a question?

Call an HSBC financial professional

+374 60 655 000

Our phone lines are open 24/7

Relieve short-term cash needs


  • Meeting the short-term cash requirements of the business
  • Negative balance on the current account
  • Immediate and easy access to funds
  • Pay interest only on the amount you use – interest is calculated on a daily basis

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 22/09/2015 15:00