Overdraft
Utilize overdraft facilities for financial flexibility,
designed with precision for business resilience.
Overdraft
Purpose of overdraft is financing for general working capital needs of a business. Overdraft service provides an opportunity to execute payments up to a certain amount limit, even if there are no funds in the bank account.
Advantages:
- No periodic repayment
- Limit is granted in borrower‘s bank account
- Automatically covered with credited funds in the account
- Interest paid only on the used amount
- No paperwork with disbursement or repayment
Conditions
- Financing amount from 50‘000 to 2‘000‘000 Eur
- Agreement term – 12 months
- Interest rate – fixed or floating with reference to 6 month EURIBOR + bank‘s margin
- Repayment – at maturity
- Collateral – unsecured, or secured with mortgage on real estate, pledge of fixed assets, inventory, accounts receivable, personal surety or corporate guarantee
Please visit Fees and Commissions page to see the applicable fees.
Apply now!
Please provide the required information and we will contact you within 1 working day.
Frequently Asked Questions
What is overdraft?
An overdraft is a short-term financing, usually intended to cover the expenses of a company when its bank account does not have sufficient money to make current payments.
How to get an overdraft?
Why it is usefull to choose overdraft?
What documents are required to apply for financing
– Filled loan application
– Latest annual report and interim report of the current financial year
– Description of the needs of the loan
– Financial projections
– Valuation report of a property if real estate is offered as collateral
What are the fees and commissions for lending?
You can find the fees and commissions which are applicable for EMBank lending products:
| Service or transaction | Fee, EUR | |
| 1 | Administration fee for concluding Loan agreement | From 0,5% of the amount of the Loan (min. 200 €) |
| 2 | Fee for increasing the amount of the Loan | From 0,2 % of the total outstanding amount (min. 200 €) |
| 3 | Fee for extending of the maturity of the Loan | From 0,5 % of the outstanding amount of the Loan (min. 200 €) |
| 4 | Fee for other amendments of the Loan agreement | From 0,1 % of the outstanding amount of the Loan (min. 200 €) |
| 5 | Commitment fee | From 1 % of the unused amount of the Loan |
| 6 | Fee for early repayment of the Loan | 2 % of the outstanding amount of the Loan to be repaid (min. 200 €) |
Other fees:
| 7 | Issuance of the permission to pledge collateral by subsequent pledge | 0,5% of the amount of the Loan (min. 300 €) |
| 8 | Other permissions and consents | 50 € |
| 9 | Documents issued by Local customer request | 50 € |
If you want to hear more about our overdraft options,
Other Lending Options at
EMBank
We know that one size does not fit all, so we are working hard providing you various options to choose from. Let’s talk about how we can help you accelerate your business with the correct type of loan offering.
Working Capital Loans
Short-term loan to cater to your immediate working capital needs.
Credit Line
Dedicated to helping you meet your unexpected liquidity challenges.
Investment Loans
Perfect for fixed asset investments and for helping your business grow.
Leasing
Renovate your business for increased efficacy with our leasing solutions.
ILTE (INVEGA) Guarantee
Providing financial accessibility to SMEs when there is a lack of adequate collateral.
Need a Different Loan?
If the loan options listed above don’t cater to your needs….