- Frontpage
- Business
- Financing
- Short-term loans
- Overdraft
Overdraft
Overdraft advantages:
- Possible overdraft without extra collateral
- Fast credit application evaluation
- Low comession fees
A short-term loan, which enables your business to borrow the necessary sum for increasing your working capital within the limits of the granted credit line - that is, to borrow repeatedly the amount needed at a given moment and to repay it in installments, when funds become available. Interest is payable not only on funds borrowed, but on the total credit line amount reserved by the Bank for your use.
Term: 12 months
Interest rate:
- Without a collateral – a fixed interest rate according to the price list
- With a collateral – a variable interest rate of 3, 6, 12-month EURIBOR (the surplus rate is set individually)
Collateral: account turnover; if necessary, pledging of real estate (mortgage), tangible property (a commercial pledge), cash (a financial pledge) or a guarantee may be required.
Required documents:
- A completed loan application
- A copy of the passport (ID card) of the authorised signatory
- A document certifying the signatory rights
- Current financial data with the breakdown of balance sheet and income statement items
- The latest annual report with the breakdown of balance sheet and income statement items
How to get it?
Step 1. Fill in the application via internet bank or apply for a consultation
Step 2. A bank employee will contact you
Step 3. Submit the required documents
Step 4. Sign the overdraft agreement and the collateral-related documents (if required)
Step 5. Register the collateral (if any)
The overdraft limit will be available to your current account with SEB banka within three business days.
Overdraft
| Services | Fees |
|---|---|
| Revision of the application | Free of charge |
| Processing of an overdraft, increasing of the limit (% of the amount of the increased limit)1 | 1%, min 150.00 EUR |
| Prolongation of a term | 0,5%, min 150.00 EUR |
| Reserving resources (% of the unused amount of the granted credit line) | 1,5% - 3% per year |
| Repayment of the overdraft before maturity | 2%, min 1,000.00 EUR |
| Other changes on the customer's initiative1 | 1%, min 150.00 EUR |
|
Additional services |
|
| Valuation of collateral | 0,1%, min 50.00 EUR |
| Document submission for registration of the pledge | 50.00 EUR |
| 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.
Overdraft without collateral
| Services | Fees |
|---|---|
| Processing of the overdraft, increasing the limit (% of the amount of the increased limit)1 | 1%, min 150.00 EUR |
| Annual interest rate of the used amount | 21% |
| Prolongation of a loan maturity1 | 0,5%, min 150.00 EUR |
| Repayment of the overdraft before maturity | 2%, min 1,000.00 EUR |
| Other changes on the customer's initiative1 | 1%, min 150.00 EUR |
|
Additional services |
|
| Valuation of collateral | 0,1%, min 50.00 EUR |
| Document submission for registration of the pledge | 50.00 EUR |
| 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.