About the bank Investor Relations

Loans

Overdrafts

Overdraft is a fast, convenient and flexible type of financing. It is an ideal product for companies that operate in a dynamic environment and need to have access to funds at any time.

An overdraft is secured by a stable turnover on the client's account based on which the limit, the term and the interest rate are determined. Additionally, the duration of the client’s collaboration with the bank is taken into account.

Purposes: increase of working capital.
Amount: from EUR 50 thousand to EUR 1 million (or the equivalent amount in USD).
Term: from 3 months to 6 months with an option to renew
Rate: from 12% p.a. for the provided financing, 2% p.a. for reservation of the unused part.
Currency: USD, EUR

Conditions for granting:
  • Active operations on the account for a minimum of 6 months
  • Transparent structure of economic activity
  • The amount of incoming payments to the account must not be below EUR 500 thousand a month
  • The lending limit is up to 20% of the business turnover amount

Collateral:
  • Turnover on accounts in Rietumu Bank
  • Personal and corporate guarantees
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