UNICREDIT HITELAUTOMATA EXTRA - GIVE A BOOST TO YOUR COMPANY!

Overdraft facility without asset collateral

UniCredit Hitelautomata Extra is a special current account overdraft facility with which you can quickly and flexibly solve your company’s financing difficulties. It provides a one year, fixed-amount, automatically revolving, any-purpose credit limit in HUF or Euro, the amount of which can reach up to 15% of the annual turnover of your company depending on the credit assessment.

Why is UniCredit Hitelautomata Extra advantageous to your company?

• You do not have to submit your business plan to our bank.
• Depending on the credit assessment, the loan amount can be as high as HUF 25 million or 100,000 Euro.
• No asset collateral is necessary to avail of the loan only the suretyship of the majority private owners of the company.
• The credit line can be used for any purposes. The utilisation of the credit facility and the interest payment and repayment happens automatically through debiting the current account or through crediting to the current account, therefore a special order is not needed.
• You can apply for the loan even if you don’t presently have an account with UniCredit Bank.
• With your bank card you can immediately access your credit line, and you can dispose of the credit facility through one of the electronic channels available to you free of charge like Telephone-Bank, Electronic Banking Client Programs.

To whom do we recommend UniCredit Hitelautomata Extra?

To those companies registered in Hungary in one the following forms: bt., kkt., kft., rt., as well as to cooperatives and private entrepreneurs

• which have at least one entire closed business year and if they don’t have an account at UniCredit Bank or have had an account with UniCredit for less than 6 months, have been in operation for at least two years;
• which are not and have not been subject to bankruptcy liquidation or final settlement proceedings in the past 2 years and against which there are no execution proceeding currently ongoing;
• which certifiably have no overdue or rescheduled public debt (Hungarian Tax and Financial Control Administration, Hungarian Customs and Finance Guard);
• which have no overdue or defaulted credit debts at other banks according to the Interbank Credit Information System (KHR),
• which have had no overdue qualified credit transactions at the Bank in the last 2 years;
• which correspond (borrower and guarantors) to the Business Terms and Conditions of Garantiqa Hitelgarancia Zrt.
  
  

Features of UniCredit Hitelautomata Extra

Credit amount:  Minimum HUF 500,000, maximum HUF 25,000,000, or minimum EUR 2,000, maximum EUR 100,000. However the amount of the credit line cannot exceed 15% of the company’s (net) turnover of the previous closed year. Furthermore, the amount of the credit line depends on the rating of the company and the credit account turnover of the previous year as well.

Term: Maximum one year, depending on the bank assessment, before maturity can be extended by one year.

Collateral: The surety of the majority (50 percent + 1 vote) direct or indirect private owners of the company (guarantee can be undertaken only by private individuals who are Hungarian citizen of legal age or citizens of European Union member states and dual or multiple citizens who have had a Hungarian domicile for a minimum of 3 years) furthermore the suretyship of Garantiqa Hitelgarancia Zrt. and prompt collection authorisation letter regarding the accounts of the Borrower’s bank accounts at other banks.

The conditions of the Hitelautomata Extra product are defined in the “List of Conditions of lending for Small Business Clients”.

Documents to be submitted for credit application

• Completely filled-in and duly signed credit application form.
• In case of a company: the signed annual financial report of the last two business years (with the auditor’s clause if necessary) and a general ledger of the year-end and one, which is not older than 3 months.
• In case of a private entrepreneur: the tax declaration of the last 2 business years, journal and the closing of the cash book not older than 3 months.
• In case of private entrepreneurs or companies belonging to “EVA” (Simplified Entrepreneurs’s Tax), if the bank credit turnover cannot be established from the last year’s journal or closing of the cash book, a certificate is required from the Borrower’s bank of the previous year’s bank account credit turnover.
• Certification not older than 30 days about not having public debts (Tax office – APEH, customs office – VPOP). If the company does not have a contact to customs office and signs a declaration about it, then this certification is not needed.
• Effective copy of the company’s deed of foundation, articles of incorporation (if the company has no account kept with UniCredit Bank).
• Specimen signature document and the personal identification card and address card of the person authorized for representation of the company.
• In case of private entrepreneur: personal identification card, address card, entrepreneur’s licence (in case of an activity with licence requirement the official licence).
• Identification documents of the majority owners and the (future) private guarantors (personal identification card, address card, in case of a company: certificate of incorporation).
• The bank account statement of the Borrower for the last 1 months from any of the Hungarian banks.
• Garantiqa Hitelgarancia statements signed by the Borrower and the guarantors.

The bank reserves the right to require additional documents depending on the individual credit assessment.

If you have any questions, please feel free to ask your contact person at the bank, our colleagues at one of our many bank branches, or the Telefonbank (+36-40/50-40-50).

*This information should not be considered an offer. The Bank reserves the right to change the conditions. UniCredit Bank reserves the right to decide individually on loan disbursement and on the amount and conditions thereof, based on the account overdraft application and documents submitted.