Working capital loan

  • You may cover the temporary needs of the company’s working capital.
  • You may implement new business projects or develop your current business.
  • You may implement larger projects.
  • You may rapidly react to the increased demand in the market
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. We respond to submitted questions on working days from 8:00 to 18:00.
  • The loan may be granted for a period not exceeding 12 months;
  • The minimum loan amount is EUR 3 000 or an equivalent amount in foreign currency;
  • The loan amount, when pledging land and buildings, cannot exceed 70 per cent of the market value of pledged property;
  • The loan is normally repaid in instalments;
  • The loan amount, when pledging other immovable property, equipment and inventories, cannot exceed 50 per cent of the market value of property pledged and/or the balance value of inventories.
  • 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 investment object itself usually needs to be pledged;
  • The bank may also accept other means of loan security.
  • Property being pledged must be assessed by independent appraisers acceptable to the bank;
  • Immovable property being pledged must be insured in favour of the bank for the entire loan term at an insurance company acceptable to the bank;
  • Movable property to be pledged must be insured in favour of the bank by market value or carrying amount for the entire loan term at an insurance company acceptable to the bank.

As a precondition to applying for the financing, the corporate customer must have been carrying out business activities for at least 12 months and submit statements for at least one financial year.

  • 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 first day of loan use when upon the company’s request funds are debited from the loan account until loan maturity;
  • The interest is calculated each month and must be paid until the last working day of each month;
  • The loan is repaid in equal instalments which are calculated by dividing the loan amount by the number of months of the loan term, minus the grace period.
  • Immovable property evaluation report
  • Movable property/inventory list

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.