Overdraft
This type of loan is for long-term clients that have a current account, usually with a payment card, at Fio banka.
Interest rates for overdrafts are significantly better than the regular charges for overdrawing an account (negative balance). An overdraft is provided for a current account after a client's application has been reviewed.
- A client must have a trouble-free and active history at Fio banka (active = regular credits to the account)
- Applications are usually placed after three months of active account use
- The longer a client is with the bank and the higher the turnover on the account the larger loan can be provided
- We can provide you with up to EUR 220,000
- A client can use these funds for any purpose
- Interest is charged daily on the drawn amounts
How much does an overdraft cost?
Three tariffs are available. Fees are composed of the origination fee and interest from the drawn loan amounts.
Overdraft EUR
| Annual interest | Delivery fee | Min. delivery | |
|---|---|---|---|
| Tariff 1 | 9,50 % | 4,00 % | 10 |
| Tariff 2 | 15,50 % | 1,00 % | 10 |
| Tariff 3 | 18,90 % | 0,00 % | 0 |
Overdraft CZK
| Annual interest | Delivery fee | Min. delivery | |
|---|---|---|---|
| Tariff 1 | 8,30 % | 4,00 % | 100 |
| Tariff 2 | 14,30 % | 1,00 % | 100 |
| Tariff 3 | 18,90 % | 0,00 % | 0 |
Business overdraft
Arrange a financial reserve for your business. You can use it at any time, for anything and repeatedly.
The basic interest rate starts at 12 % for the EUR overdraft and 15 % for the CZK overdraft. If the drawdown goes smoothly, it decreases by one percentage point each year to 7 % for the EUR overdraft and 10.5 % for the CZK overdraft.
Advantageous banded interest rate - the part of the loan above EUR 10 000 bears interest at the base rate of 10 %, with the possibility to reduce the interest up to 5 %. The part of the loan above CZK 300,000 bears interest at the base rate of 13 %, with the possibility to reduce the interest up to 8.5 %.
The business overdraft is completely fee-free and can be obtained by new applicants and existing clients.
The business overdraft is intended for natural persons - entrepreneurs and legal entities.
We offer our clients a personal overdraft, at three different rates.
You can add a financial reserve for anything! You can also choose from four rates.
Benefits of a business overdraft
- Establishment and management of the loan is free of charge
- You get the money whenever you need it
- You can use it for any purpose
- When repaid properly the interest rate starts at 7 % (EUR)
- Part of the loan over EUR 10 000 with interest from 5 %
- You pay the interest only from the borrowed amount
- You can borrow from EUR 200 to 220 000
- Loans from CZK 5 000 to 6 000 000 also available
- For a business account
Overdraft in EUR
| part up to 10 000 EUR | nad 10 000 EUR | |
|---|---|---|
| Annual interest (p.a.) | 12,00 % | 10,00 % |
Overdraft in CZK
| part up to 300 000 CZK | part over 300 000 CZK | |
|---|---|---|
| Annual interest (p.a.) | 15,00 % | 13,00 % |
