Express overdraft on Business Account
In our mobile bank Klikpro 24/7 you can get a Express Overdraft. The financing offer has been prepared on the basis of your business performance and your company’s credit rating defined by the Bank. You can also decide to have a lower overdraft value and/or shorter repayment period than available.
All the activities from overdraft approval to contract conclusion will be over in just a few minutes without visiting the bank. After closing the contract you will receive a text message telling you when the overdraft is available. You can use it in line with the Payment Transaction Processing Timetable.
The terms and conditions and the fees and charges are set in line with the current NLB products and services.
| Conditions | |
| Period | Up to 12 months |
| Purpose | Current business operations and liquidity management |
| Currency | EUR |
| Amount | min. EUR 500, max. EUR 15,000 (calculated case per case in line with the NLB methodology) |
| Interest Rate | Fixed, in line with the NLB Interest Rate Decision |
| Overdraft Approval Fee | 1% of the value, EUR 150 minimum, single |
| Fund Reservation Fee | 0.45% of the value, single (3-month overdraft) 0.65% of the value, single (overdraft up to 12 months) |
| Risk Assessment Fee | 1.5% of the value, single |
| Collateral | No collateral (no bills of exchange either) |
| Preconditions for Approval * |
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* ATTENTION! If a new overdraft is requested prior to the expiry of the previous overdraft facility on your business account, the current terms and conditions will be rewritten reflecting the terms and conditions agreed with the new contract.