Overdraft

Flexible funding opportunity of working capital

  • Possibility for the current account to become negative within the agreed credit limit.
  • Suitable for balancing uneven cash flow caused by payment deadlines and for covering unexpected expenses.

Conditions

  • Limit is up to 50% of the company’s average monthly net turnover of the last six months, min. 2,000 euros.
  • Term is up to 1 year.
  • Collateral:
  • Contract fee is 1% of the amount a year, min. 195 euros.
  • Commitment fee is a fixed percentage of up to 2% a year of the unused part of the limit.

Required documents

  • loan application;
  • the last annual report if it has not been submitted to the Commercial Register. The balance sheet and income statement submitted may not be older than 12 months;
  • in the event of property collateral, a valuation report from a real estate agency accepted by the bank.
We use cookies to provide you with a more convenient and safer user experience. By continuing the browsing sessioon or clicking the „I Agree“ button, you confirm that you agree to the use of cookies. You can revoke your consent at any time by changing your browser settings and deleting the cookies stored. Read our Cookie Policy.