Open website’s mobile version Top

Business

Working capital loan

Working capital loan

Short-term loan for fulfilment of large orders

  • Working capital for specific projects
  • Improves a company’s liquidity
  • Guarantees smooth business operations

Working capital loan helps to overcome temporary lack of cash caused by seasonality or large outgoings and allows companies to finance short-term investments. The primary sources of repayment are the accounts receivable paid by clients and sales of assets.

Terms and conditions
Minimum amount 3000 euros
Term Up to one year
Collateral Immovable and movable property, surety and securities as additional guarantee. It is possible to apply for a guarantee to the extent of up to 80% of the loan amount from Fund KredEx and up to 80% in rural areas from the Rural Development Foundation (RDF)*
Agreement fee
companies 0.5-1% of loan amount, min 200 euros **
sole traders 0.5-1% of loan amount, min 200 euros **

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

** A charge arising from obligations (commitment fee) may be applied during the loan disbursement period.

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 16.08.2019
1-month EURIBOR® -0,4230
3-month EURIBOR® -0,4200
6-month EURIBOR® -0,4270
12-month EURIBOR® -0,3850
EONIA® -0,3640
Bank's base interest 0,0000
EURIBOR® historical data
EONIA® historical data

 

Contact

S|E|B

Tähelepanu! Teie veebilehtiseja ei vasta SEB kodulehe külastamiseks vajalikele nõuetele. Palun vahetage veebilehitsejat või seadet, millega te veebilehte sirvite.

Attention! Your web browser does not correspond to the requirements needed to visit SEB website. Please change web browser or device that you use for browsing the site.

Внимание! Ваш браузер не отвечает требованиям, необходимым для посещения сайта SEB. Просим поменять браузер или устройство, при помощи которого вы производите поиск в браузере.