Overdraft

Overdraft allows Clients to borrow money within the limit extended by Bank.

Client’s eligibility criteria

  • has a current account with Nordea Bank or declaring intention to open such an account
  • has been running a business for at least 6 months
  • has an adequate credit capacity

    Advantages of Working Capital Facility
  • automatic repayment of the facility – each income to the current account repays the debt and allows the Client to borrow the money again within the assigned limit
  • interest is charged on the utilised portion of the limit only
  • competitive interest rate
  • no commission for unutilised portion of the loan

    Purpose of the loan
    Financing day-to-day business activities

    Loan amount
    Depends on the level of income to the current account. May amount to double average monthly income to the account for the last 12 months

    Loan currency
    Overdraft may be taken in PLN or currencies such as EUR, USD, NOK, SEK, DKK, or CHF

    Loan term
    12 months with an option to roll-over the facility for a subsequent term

    Interest rate

    Variable interest rate per annum

    WIBOR + margin


    Tariff

     Type of operation

     Fee/ Commission

    Accepting the loan application

    PLN 100

    Reviewing the loan application

    0.3 - 2%

    Earlier repayment of the facility

    As per the Agreement

    Amendment of the terms and conditions of the Agreement at the Client’s request

    0.2 - 1%

    Availability of the facility

    As per the Agreement

    Declaring the facility immediately due and payable

    PLN 10

    Issuing a certified copy of the Loan Agreement at the request of the Client/guarantor

    PLN 20


    Additional information
    For more information, please contact the nearest branch of Nordea Bank Polska S.A.
    You can also talk to our consultant by phoning 0 801 667 332.

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