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- Microloan
Microloan
Financing up to 20,000 EUR without a commercial or real estate collateral
- Quick feedback
- Easy to apply for via internet bank
- The guarantee issued by the company’s owner serves as a loan collateral
A microloan is an appropriate option for purchasing fixed assets for the business, work tools, equipment and fittings, for financing the repairs of business and production facilities, and for other purposes.
Amount: from 2,000 EUR to 20,000 EUR
Maturity: with a repayment schedule of up to 3 years
Interest rate: starting from 15% with a 3-month EURIBOR
Collateral: the guarantee of the company’s owner
Turnover: at least 70% of company's monthly turnover is in SEB bank
- A completed loan application
- A copy of the passport or ID card of the authorised signatory
- A document supporting the signatory rights
- The latest annual report with the transcript of balance sheet and profit or loss account items
Step 1. Apply via internet bank or choose a consultation
Step 2. Our employee will contact you
Step 3. Submit the required documents
Step 4. Sign the loan and guarantee agreement
Step 5. The loan will be credited to your account at SEB bank within one working day from the date of signing the loan and guarantee agreements
| Services | Fees |
|---|---|
| Revision of the application | Free of charge |
| Processing of a loan, increasing of the limit (% of the amount of the increased limit)1 | 1%, min 150.00 EUR |
| Reserving loan resources (calculated in % for the unused amount of the granted loan) | 0,5% |
| Repayment of the loan before maturity (% of the amount repaid before maturity) | 2%, min 100.00 EUR |
| Prolongation of a loan maturity1 | 0,5%, min 150.00 EUR |
| Other changes to the loan agreement on the customer's initiative (% of the loan balance)1 | 1%, min 150.00 EUR |
|
Additional services |
|
| Preparation of documents and applications needed for crediting services | 15.00 EUR/hour |
| Preparing, drafting and approving bank's consents/authorisations and other documents upon the customer's request | By agreement, min 70.00 EUR |
| Printout of information from LURSOFT database (financial statements, full information about the company, etc.) upon the customer’s request |
10.00 EUR (plus VAT 2.10 EUR) |
| Confirmation of loan issuance | By agreement, min 30.00 EUR |
1 The commission fee must be paid on the day the agreement or amendments are signed.