A suitable solution for companies to use the loan in installments.
Do you want your business to be in a position where all you need to do to get the money is ask? Then our credit line is perfect for you, as you only pay interest on the amount you currently use!
This is a quick option for smart financing of your company’s working capital or investments as necessary. Your company can thereby increase and decrease the loan flexibly without any extra cost. Increasing the loan amount does not require an additional loan decision. We give your company the chance to decide how much money it needs at any given time. Make sure your company always has the security of the financial buffer offered by a credit line!
Terms & Conditions
A private limited company, public limited company or sole trader registered in Estonia.
Amount from €25,000 to €1,000,000.
The amount of the loan offered and the interest rate will depend on the assessment of the value of the collateral and the financial status of the applicant.
Up to 70% of the value of the collateral will be financed, or up to 100% if extra collateral is provided.
Up to 2 years, can be extended.
From 10.5% a year + 6 months Euribor
Interest is paid only on the amount used under the credit line.
1% of the loan amount
The agreement fee will be withheld when the loan amount is paid out.
Mortgage on property, additional surety if necessary, guarantee.
Paid on the basis of a bullet schedule, interest is paid monthly on the loan balance in use.
It’s possible to repay the loan amount flexibly in installments, according to your possibilities.
Signing the agreement
Nordic Hypo AS will make an appointment with a notary. Remote attestation is possible.
At the client’s request, Nordic Hypo AS can pay the costs of registering the mortgage from the loan to be paid out.
Payout of the loan amount
The loan amount will be paid out in one or several payments, as necessary.
There is no charge for withdrawals within the credit limit.
The calculator shows the standard interest rate and monthly installment as an example, which may differ from the terms and conditions offered to you.
A bullet schedule has been used as the example to show the monthly payment. 6-month Euribor will be added to the monthly payment.