Overdraft facility

By providing an overdraft facility UniCredit Bank opens and makes available a credit line on the Client’s HUF or FX account to support the management of daily liquidity of companies. The Bank disburses loan to the client up to the amount of the credit line in case the amounts credited to the Client’s account do not cover the fulfilment of the due payment orders to be debited on the current account. The amounts credited to the current account shall automatically reduce the amount of the utilized credit line without supplementary instructions by the Client and the repaid part of the credit line may be reutilized meaning that the credit line is a revolving credit line.

Why is overdraft facility advantageous to your company?

It provides flexibility: it offers rapid solution for unpredictable financing difficulties, for the management of unforeseeable expenditures and for the fast exploitation of business opportunities.
You can utilize the credit line anytime without additional administration since both its drawdown and repayment are automatic.
You can utilize the credit line without restrictions, the purpose of the credit line is not specified.
You can demand it in HUF and in other FX defined by the Bank.
By means of the credit line you can expand your production, stock and in case of unforeseeable expenditures you do not have to inevitably rearrange your assets.
The term of the credit line is one year, but it is renewable upon maturity.
You have to pay interest posteriorly on a monthly basis only on the actually utilized loan amount, by daily interest calculation.

Main parameters of the overdraft facility

Amount of the credit line: min. HUF 1,000,000 or an amount equivalent to it in EUR, USD, CHF.
Term of the credit line: one year, which is renewable upon maturity.
Disbursement: the Bank provides automatic loan utilization up to the amount of the credit line for the Client in case the amounts credited on the Client’s account do not cover the fulfilment of the due payment orders to be debited on the current account.
Repayment: automatic, the amounts credited to the current account shall reduce the amount of the utilized credit line without supplementary instructions by the Client. The repayment of the utilized loan amount is due upon maturity at the latest in one lump sum.
Interest: to be paid on the actually utilized loan amount by daily interest calculation on the basis of individually defined interest rate and interest margin.
Interest payment: on a monthly basis, on the last banking day of every calendar month.
Other fees, charges: to be defined according to the bank’s at all times effective list of conditions or by arrangement.
Collaterals: usual standard collaterals accepted by the Bank depending on the result of the credit rating.

If you have any questions, please feel free to ask your contact person at the bank, or our colleagues at one of our many bank branches.

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