K&H overdraft facility
a flexible solution for bridging day-to-day liquidity problems
- unrestricted use, tailored to the liquidity needs of your business
- flexible term
- available without tangible collateral
details
the K&H overdraft facility permits your business to overdraw on its bank account up to a certain amount:
currency
HUF, EUR, USD or multiple currency credit facility, depending on the foreign currency exposures of your business
amount
minimum 50 000 EUR or equivalent in another currency
term
K&H Bank does not set a specific maturity date for dynamically growing businesses (overdraft facilities mature on the 90th day from the receipt of the Bank’s notice), which can significantly reduce the overall costs and administrative work associated with the overdraft facilities (for example, borrowers are not required to sign a contract annually) of our bank
who is it recommended for?
for businesses that would like to manage their day-to-day liquidity flexibly
adapted to your needs
- flexible use
- predictability, balanced liquidity
- facilitates quick response to business opportunities
- simple drawdown and repayment processes
- instant repayment improves cost efficiency
- the flexible term eliminates the need to sign a contract annually
- the facility can be used automatically by a payment order initiated from the bank account of the business
- repayment is also automatic as any amounts received are automatically credited to the account
- interest is only payable on the amount used
This information does not constitute an offer, its sole purpose is to raise awareness. A detailed description and terms and conditions of the product, service can be found in the relevant client agreement, the General Contractual Terms and Conditions for Active Corporate Banking Services (Credit, Loan, Bank Guarantee, Letter of Credit and Financial Leasing deals), the General Terms and Conditions, and the effective Announcement for Corporate Clients, which can be viewed under 'documents' on this page. The Bank reserves the right to modify the terms and conditions. The Bank will decide on the credit facility amounts and the availability thereof as well as on the collateral required at its sole discretion, in accordance with its own policies.