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Pobočky

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Financing of customer receivables until maturity

Purchasing of inventories, materials, raw stock, semi-finished products and finished products

Covering seasonal differences in economic activity

Paying deposits and advances such as VAT

If you need to have cash available anytime, even when you do not have sufficient resources, a VÚB overdraft facility has many benefits.

Advantages

  • Lending from a current account up to an established limit
  • Covering expenses from your current account by automatically drawing down the overdraft facility if there are insufficient funds, using incoming payments on an ongoing basis to pay it off
  • Smoothing your company’s short-term revenue fluctuations
  • Drawing down only what you currently need
  • Interest charged only for days the account is actually overdrawn
  • Normally provided for one year with the option of obtaining credit for a further period.

Lending conditions

  • Evidence of ability to pay off the overdraft including interest and fees within the repayment period and under pre-agreed conditions
  • Loan purpose - bank lends to cover business operational needs
  • Securing the loan, including interest and fees;
  • Additional conditions depending on the nature, knowledge and creditworthiness of the business (e.g. notary deed as an instrument permitting enforcement of claims to property).

Required documents

  • Written loan application with additional tables and schedules attached, depending on the amount and type of credit desired and the type of business
  • Documents authorizing business activities
  • Financial statements for the last two fiscal years ended and the current year's financial statements
  • Tax declaration or income tax return
  • Proof the loan is secured

Interest rate

Floating interest rate calculated as the sum of the base interest rate for business loans or one-month EURIBOR, LIBOR or PRIBOR (depending on the currency) and margin. The margin is set by the bank individually for each business.

Do you need additional cash for your operating activities that you can draw down and pay back according to your current needs?

VÚB offers revolving loans with the following advantages

  • Smooth financing of your operating needs
  • Recurring drawdown and repayment
  • Funds drawn down and repaid according to your current needs
  • Interest calculated at actual drawdown
  • When drawing credit up to the amount in the borrowing facility, no fee in the VÚB tariff fee is charged for reserving cash
  • Partial credit lines (e.g. monthly, quarterly or half year) while the loan is being paid back

Lending conditions

  • Evidence of ability to pay off the overdraft including interest and fees within the repayment period and under pre-agreed conditions
  • Loan purpose - credit for a specific purpose related to financing operational needs
  • Securing the loan, including interest and fees;
  • Additional conditions depending on the nature, knowledge and creditworthiness of the business (e.g. notary deed as an instrument permitting enforcement of claims to property).

Required documents

  • Written loan application with additional tables and schedules attached, depending on the amount and type of credit desired and the type of business
  • Documents authorizing business activities
  • Financial statements for the last two fiscal years ended and the current year's financial statements
  • Tax declaration or income tax return
  • Proof the loan is secured
  • Evidence about the purpose of the loan.

Floating interest rate – calculated as the sum of the base interest rate for business loans or one-month EURIBOR, LIBOR or PRIBOR (depending on interest rate and currency) plus margin. The margin is set by the bank individually for each business.

Are you expanding production and need more resources for your business?

VÚB offers current asset loans with the following advantages

  • Smooth financing of your operating needs
  • Convenient financial flow planning
  • Mutually agreed drawdown schedule up to the amount of the approved loan and repayment plan
  • Special purpose loan intended primarily for financing:
    • Purchasing of material inventories, raw stock, semi-finished products and finished products
    • Customer receivables until maturity
    • Covering seasonal differences in economic activity

Lending conditions

  • Evidence of ability to pay off the overdraft including interest and fees within the repayment period and under pre-agreed conditions
  • Loan purpose - credit for a specific purpose related to financing operational needs
  • Securing the loan, including interest and fees
  • Additional conditions depending on the nature, knowledge and creditworthiness of the business (e.g. notary deed as an instrument permitting enforcement of claims to property).

Required documents

  • Written loan application with additional tables and schedules attached, depending on the amount and type of credit desired and the type of business
  • Documents authorizing business activities
  • Financial statements for the last two fiscal years ended and the current year's financial statements
  • Tax declaration or income tax return
  • Proof the loan is secured
  • Other evidence about the purpose of the loan

Floating interest – rate calculated as the sum of the base interest rate for business loans or one-month EURIBOR, LIBOR or PRIBOR (depending on interest rate and currency) plus margin. The margin is set by the bank individually for each business.