Overdraft

Overdraft – a loan for a period up to 12 months, which could help the enterprise to replenish the account in short period of time without collateral and undue formalities

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Advantages and terms of overdraft

  • The ability to use exact amount of the borrowed funds, which is needed to pay for the costs of the enterprise

  • Operative review of the loan application – free of charge

  • With a positive decision to grant an overdraft, the commission for execution of the contract is -1% of the amount of the assigned limit, 150 EUR min.

  • Currency – EUR, amount – is set individually to each customer

  • Period – up to 1 years

  • Collateral – future cash flow to the settlement account of the enterprise. Private guarantee of the owner or the responsible official may be required

  • Fixed interest rate – 16.5% p.a.

Excellent opportunity for your company to borrow the amount necessary to replenish current assets In the process of deciding on the size of the overdraft, the Bank takes into account the credit history of the customer

1.

Maximum duration:

12 months

2.

Interest rate:

16,5% p.a.

without a collateral – a fixed interest rate in accordance with the price list,
with a collateral – variable interest rate from 5.5%  p.a. + 6 month EURIBOR rate.

3.

Collateral:

real estate (mortgage), movable property (commercial pledge) can be attracted.

 

How to receive:

  • Step 1. Fill out the application in the Internet bank or sign up for a consultation

  • Step 2. A bank employee will contact you

  • Step 3. Submit the necessary documents

  • Step 4. Sign an overdraft agreement

  • Step 5. Register the collateral (if any)