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Business

Limit loan

Limit loan

Short-term financing for specific projects or activities

  • Optimal interest expenses
  • A term that suits you
  • Flexible cash flow management

Limit loan is an alternative to the overdraft. Overdraft is most suitable for a company’s everyday settlements, but limit loan is based on projects and activities. Unlike the overdraft limit, the limit of a limit loan is not restricted with turnover.

  • Limit loan allows you to quickly use short-term loans with optimal interest expenses and suitable terms in the management of your company's cash flow.
  • You can make flexible business and financial decisions regarding receipt of accounts receivable, the seasonality of your business or deliveries of goods.
  • The interest rate of the loan depends on the money market interest rate corresponding to the term of the loan to be taken in use.
  • The loan limit is renewable: repayment of the loan taken on account of the limit releases the credit limit on account of which you can take new loans.
  • Limit loan is an alternative to the overdraft. Overdraft is most suitable for a company’s everyday settlements, but limit loan is based on projects and activities.
  • Unlike the overdraft limit, the limit of a limit loan is not restricted with turnover. The credit limit depends on project size and seasonality.
Terms and conditions
Minimum amount of credit limit 100 000 euros or its equivalent in a foreign currency
Minimum loan amount 10 000 euros or its equivalent in a foreign currency
Term of credit limit Up to one year
Maximum loan term Up to one year
Collateral Immovable and movable property, deposit, surety and securities as additional guarantee. It is possible to apply for a guarantee to the extent of up to 80% of the credit limit from Fund KredEx and up to 80% in rural areas from the Rural Development Foundation (RDF)*
Agreement fee Up to 1% of credit limit, minimum 200 euros, or up to 1% of each loan amount paid out on the basis of a year
Commitment fee Up to 2% of unused limit based on a year. Commitment fee is paid every month on the interest payment date. Commitment fee is not applied to non-binding limit loans.

* An agreement fee and guarantee fee are added if a guarantee by KredEx or RDF is used.

 

Required documents

  • Loan application
  • Annual report for the financial year ended and the most recent interim report for the current financial year. The most recent financial information should not be older than 120 days.
  • A business plan or description of how the loan will be used with financial projections included.
  • A valuation report if a property is offered as collateral, which must be prepared in a property agency accepted by the bank.
  • Additional documents for analysing the loan if necessary.

In order to apply for a loan

Private person  
1. Home loan, mortgage loan  
- agreement conclusion 1% of the loan amount, min. EUR 250
- agreement amendment (1) up to 1% of the remaining loan, min. EUR 250
- changing the payment date once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
- change of the current account(s) related to the loan EUR 20
- extending the loan disbursement period EUR 50
- grace period for the principle amount of the loan EUR 50
2. Consumer loan  
- agreement conclusion 1,5% of the loan, min. EUR 35
- agreement amendment (1) EUR 35
- changing the payment date once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
- change of the current account(s) related to the loan EUR 20
- grace period for the principle amount of the loan EUR 20
3. Overdraft  
- agreement conclusion 1,5% of the credit limit, min. EUR 20
- agreement amendment (1) EUR 15
- increasing the loan amount 1,5% additional credit limit, min EUR 20
- changing the payment date once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
4. Student loan  
- agreement conclusion free of charge
- agreement amendment (1) free of charge
- amending the student loan repayment schedule free of charge
5.Endowment loan  
- agreement amendment (1) up to 1% of the remaining loan, min. EUR 250
- changing the payment date once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
- change of the current account(s) related to the loan EUR 20
6. Limit loan  
- agreement amendment (1) up to 1% of the loan limit, min. EUR 35
- changing the payment date once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
7. Other loan-related services  
-contractual penalty for the violation of the notification obligation stipulated in the agreement, incl. for not submitting the insurance policy of collateral EUR 32
- contractual penalty for the violation of any other non-monetary obligation stipulated in the loan agreement up to 5% of the loan amount outstanding at the moment of violation
- re-registration of a pledge established on a building into a mortgage free of charge
- reminder of debt free of charge
- debt claim letter EUR 5
- certificate on paid interests (2) EUR 4
Legal entity  
1. Investment loan  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
2. Working capital loan  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
3. Overdraft  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
- increasing the loan amount/limit 1% additional loan amount/limit, min EUR 200
4. Start-up loan  
- agreement conclusion 1,5% of the loan amount
- agreement amendment 1% of the remaining loan /limit, min EUR 200
5. Apartment building renovation loan  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
6. Other loan-related services  
- contractual penalty for the violation of any other non-monetary obligation stipulated in the loan agreement up to 5% of the loan amount outstanding at the moment of violation
-re-registration of a pledge established on a building into a mortgage free of charge
- reminder of debt free of charge
- debt claim letter EUR 5

(1) All amendments to the loan, which have not been indicated under separate clauses in the price list (incl. amendment of collateral in a notarised or other form).
(2) Commission fee applies to certificates issued at a bank office. A certificate issued automatically in the Internet Bank is free for the client (for enclosing electronically to income tax return).

 

Base rates

Valid as 21.06.2019
1-month EURIBOR® -0,3980
3-month EURIBOR® -0,3440
6-month EURIBOR® -0,3080
12-month EURIBOR® -0,2120
EONIA® -0,3680
Bank's base interest 0,0000
EURIBOR® historical data
EONIA® historical data

 

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