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Overdraft
Overdraft, that is meant for more flexible financing of current assets. Your business can use bank’s assets according to need within the amount and deadline set by the contract.
- Amount: from 6391.16 EUR (101 702.90 EEK), the maximal amount depends on the means of the applicant.
- Term: up to 1 year.
- Interest rate:
- EONIA, plus the risk premium or USD ON Libor, plus the risk premium
- Credit fee: up to 2% of the unused loan balance per year.
- Service fee: up to 1% of the credit limit, min 159.78 EUR (2500 EEK). Will be returned on concluding the contract.
- Issuing the loan: the borrower can use financial means according to need throughout the whole loan term within a limit set by the contract.