Overdraft

Overdraft enables your company to overdraw the current account up to the agreed credit limit. Interest is calculated on the outstanding credit, limit fee is calculated on the unused part of the credit limit.

Overdraft is available in EUR.

Standard terms and conditions of overdraft

Overdraft limit: starting from EUR 100,000 (the maximum limit will depend on the monthly turnover of the company)

Overdraft term: 1 year

Security: a mortgage or commercial pledge; a guarantee issued by KredEx or the Estonian Rural Development Foundation may serve as additional security

Documents necessary for an overdraft application

  • an audited annual report for the previous financial year
  • a balance sheet and income statement as of the end of the last quarter
  • a property valuation report in the case that property is used as security

OP Corporate Bank

+372 663 0840
info@opbank.ee
Tornimäe 5, 10145 Tallinn

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