Overdraft (credit limit in the bank account)

  • Overdraft will help you balance temporary needs of the company’s working capital.
  • You may use the credit limit in the bank account and repay it at any time by any amount within the limit granted.

Should you have any questions related to financial information of your enterprise, please login to the Internet Bank or contact us by calling 1633. For calls from abroad: +370 5 268 4422.
Loan amount and term:
  • The term of overdraft is 12 months;
  • The maximum loan amount is up to 50 per cent of the average monthly sales amount calculated from the sales of the last financial year.
Loan security:
  • The loan may be secured by pledging land and buildings, other movable and/or immovable property, inventories and financial funds (deposit and bank account), guarantees and commitments;
  • The bank may also accept other means of loan security.
Main conditions for receiving overdraft:
  • The company has to operate for at least 1 year;
  • The company must have a bank account at Swedbank for at least 3 months;
  • Property being pledged must be assessed by independent appraisers acceptable to the bank;
  • Property being pledged must be insured at an insurance company acceptable to the bank.
Loan repayment and interest:
  • A fixed interest rate for the entire loan term or a variable interest rate depending on the base interest rate may be set;
  • The interest is calculated from the date of use of the credit limit until its repayment date;
  • The interest is debited from your bank account each calendar month.

Information regarding potential risk

Improper fulfilment of your financial obligations increases your funding costs and can negatively affect your credit history; moreover, if the agreement is terminated due to a material violation on your side, forced debt recovery may be launched and you may lose your ownership right to the pledged property.