Agreement term
Up to 1 year
Starting from
3000 euros
Collateral
- Immovable and movable property, surety and securities as additional guarantee
- Guarantees of ILTE (INVEGA) or Agriculture Credit Guarantee Fund (ACGF)
Required documents
- Filled loan application
- Latest annual report and interim report on current financial year
- Description of how the loan will be used, incl. financial projections
- A valuation report if a property is offered as collateral
- Pledged property insurance
- If you are not a customer of SEB, account opening is needed
Service fees
| Services | Charges |
|---|---|
| Annual interest rate | as agreed |
|
Administration fee for:
|
from 0.6 per cent of the loan amount, min EUR 500.00 |
| Credit project analysis and assessment, bank certification or approval issuance | 50 per cent administration fee, however, no less than EUR 300.00. Upon entering into a credit agreement it is included into a relevant administration fee. |
| Commitment fee | from 0.7 per cent of non drawn-down loan amount |
| Loan pre-payment fee | min 1 per cent of the prepaid amount (depending on the loan maturity) |
| Uninsured Collateral Administration Fee (applied if a collateral is a residential real estate object) | EUR 20.00 per month The fee is charged if the collateral is not insured for more than 30 days |
| Amendment of terms under the loan agreement terms2, if: | |
|
1) the loan currency is changed 2) fixed interest rate is replaced with variable interest rate and vice versa 3) variable interest rate portion adjustment period is changed 4) fixed interest rate determination period, start and end is changed |
|
If variable interest rate is applied:
|
|
| Amendment of terms in any other cases | as agreed, min EUR 500.00 |
If fixed interest is applied:
| year(s) until expiry of fixed interest rate period | percent of the loan amount, min EUR 500.00 |
|---|---|
| up to 1 year | 1 |
| 1–2 years (inclusive) | 1.5 |
| 2–3 years (inclusive) | 2 |
| 3–7 years (inclusive) | 2.5 |
| 7–10 years (inclusive) | 3 |
| more than 10 years | 3.5 |
1 The fee is calculated of increase in the loan amount.
2 The fee is not applied in the event of the loan maturity extension or increase in the loan amount.
Simple to apply
1.
Send us the filled application
2.
We will contact you with proposal or additional questions.
3.
After a positive decision, sign the agreement
Other options to finance your business’ trade and purchases
Factoring
Change your invoices into cash flow. Offer extended payment terms to your clients, without reducing your working capital or sales volume.
Overdraft
Flexible option for using extra cash, offering the possibility to have a negative balance on company’s account for financing working capital.
Trade financing
Financing and managing the risks of your company’s trades
Want to make sure you find a suitable solution?
- Our client executives will help you find the suitable financing solution for your business.
- We have a dedicated team of professionals you can trust
