Overdraft
- Access up to €500,000 for up to 12 months
- Competitive rates from 5.0% + 6-month EURIBOR
Overdraft
Stay financially flexible with an overdraft solution designed to support your business resilience. Access up to €500,000 for up to 12 months, with competitive rates from 5.0% + 6-month EURIBOR and the possibility of unsecured financing subject to individual assessment—helping you respond quickly to everyday needs and new opportunities.
Advantages:
- No periodic repayment
- Limit is granted in borrower‘s bank account
- Automatically covered with credited funds in the account
- 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 an overdraft?
Overdraft is a short-term financing facility that covers business expenses when there are insufficient funds in the company’s bank account.
How to apply?
Filled credit application, financial statements, description of the purpose of the loan are the main documents to be prepared. EMBank has the right to ask more documentation to evaluate the lending process.
After reviewing the application, the bank determines the approved credit limit.
What is the difference between credit line and overdraft?
Overdrafts and lines of credit are very similar flexible financing instruments. In both cases, you are given flexible access to credit funds that you can use up to a set limit whenever you need it, and this service usually charges interest. With an overdraft, you spend more than you have in your bank account. Your bank agrees to lend you the funds on the condition that you repay the borrowed money along with interest on the amount borrowed. With a line of credit, the institution has agreed to lend you a set amount, from which you can withdraw funds at any time. You will usually have to pay a commitment fee every month or repay the amount borrowed along with interest and transaction fees.
What are the costs?
Interest is charged on the utilized amount. Additional fees may apply per the bank’s loan product terms.
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.
Need a Different Loan?
If the loan options listed above don’t cater to your needs