Overdraft Loans
.webp)
About the loan
An overdraft loan is characterised by easy access to funds, approved for a short usage period of up to 12 (in writing: twelve) months, and is intended for providing working capital and improving the company’s liquidity. It is approved on the principle of an authorised overdraft on the current account, and every inflow to the Client’s account automatically covers the amount used under the overdraft. Interest is calculated on the amount of funds used.
Approval Conditions | |
|---|---|
Maturity | Up to 12 (in words: twelve) months |
Repayment method | In accordance with the agreement, a lump sum |
Purpose | For other working capital needs/improvement of liquidity |
Collateral | promissory notes/mortgage/guarantee/pledge/deposit/other |