Bank overdraft for fixed or indefinite period of time

A business loan that allows you to overdraw your current account balance

How may we
assist you?

When you need
to finance your
operations as well
as cash flow
fluctuations

Create financial reserves for any situation

Enjoy all benefits of your current account

Finance your operating cost

Use your loan repeatedly, without any paper work

ADDITIONAL INFORMATION

  • The more you repay, the more you can use again

  • Combine flexibility at the same cost as for other forms of operating funding

USEFUL INFORMATION

  • Bank overdraft is linked to a current account in CZK or foreign currency and it allows you to overdraw your current account balance (“be in the red”) – up to a pre-agreed maximum limit
  • Bank overdraft may be negotiated for a fixed period of time (usually a short-term period of up to a year) or for indefinite period  
  • Funds may be used to finance your operating needs arising from your business activities
  • Bank overdraft agreement also specifies the overdraft limit, interest rate and other specific terms and conditions based on your individual needs and creditworthiness
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    With a bank overdraft, you can repeatedly draw funds up to the agreed overdraft limit

    Each payment to your current account reduces the loan amount

    This allows you to use your bank overdraft again, up to the agreed overdraft limit

    Address your operating cash flow fluctuations, if and when necessary

    Payment transactions as with a current account  

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Intended for sole traders, companies, and other legal entities, municipalities and their clusters, regions, as well as contributory organisations or legal entities formed by regions or municipalities.