The Installment Overdraft Deposit Account is a loan product identified to your overdraft deposit account, which you can utilize for your immediate needs for cash through our Mobile and Internet Banking channels, 444 88 88 Telephone Banking channel or our branches. You can utilize loans under the installment overdraft deposit account instantly and free of charge with maturity term of 3 months and cover your needs without having to wait.
If the amount of the loan is 5.000 TRY and the loan is utilized to be repaid in 6 installments;
|SEQUENCE NO||INSTALLMENT DUE DATE||INSTALLMENT AMOUNT||PRINCIPAL AMOUNT||INSTEREST *||RUSF **||BITT ***||PRINCIPAL AMOUNT BALANCE|
|TOTAL||TRY 6.046,85||TRY 5.000,00||TRY 805,27||TRY 120,79||TRY 120,79|
* Created on the basis of the monthly interest rate of 4.42%.
** RUSF rate: 15%
*** BITT rate: 15%
You can apply through the Fibabanka Mobile Banking channel by following the steps Transactions > Loans > Overdraft Account Application or Transactions > Applications > Overdraft Account Application or from the Fibabanka Internet Banking channel by following the steps Products > Loans > Overdraft account Application or Products > Overdraft Account > Overdraft Account Application.
If there is less than 10 days between the installment overdraft account usage date and the account statement issue date, the first installment due date is set as the statement issue date of the subsequent month.
Date setting example
Overdraft Account Statement Issue Date: 10/11/2021
Installment Overdraft Account Usage Date: 03/11/2021
First Installment Due Date of Installment Overdraft Account: 10/12/2021
Your current TL account on which the installment overdraft account is defined will be automatically debited on the due date. If the amount in your TL current account is not sufficient, your installment will be covered from your overdraft account limit and you will have to pay the entire amount by the due date of the statement by reflecting on the overdraft account statement of the relevant month.
You can make your early installment payments through our Mobile and Internet Banking channels, 444 88 88 Telephone Banking and our branches.
You cannot use installment overdraft account without an overdraft account. Installment overdraft account allows you to use max. 80% of your overdraft account available limit in installments. If you do not have an overdraft account, you can easily open an overdraft account by following the steps below:
From the Fibabanka Mobile Banking channel, by following the steps Transactions > Loans > Overdraft Account Application or Transactions > Applications > Overdraft Account Application or
You can apply through the Fibabanka Internet Banking channel by following the steps: Products > Loans > Overdraft account Application or Products > Overdraft Account > Overdraft Account Application.
You can also apply from our 444 88 88 Telephone Banking and branches.