Working capital loan
Suitable for financing the short-term investments of a growing business
Free early repayment
Interest rate from 9.5%
Quick and easy loan application
Secure loan insurance
Description
Does your company have a good investment opportunity but you need more money? We can offer you a working capital loan for this purpose. It’s objective is to cover the short-term financing needs of a company with existing cash flows with property as collateral. We want to help your business grow with this loan!
Additional information
Terms & Conditions
For whom?
A private limited company, public limited company or sole trader registered in Estonia.
Loan amount
Amount from €25,000 to €800,000.
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.
Period
3 months to 5 years
Interest rate
From 9.5% a year + 6 months Euribor
Agreement fee
1% of the loan amount
The agreement fee will be withheld when the loan amount is paid out.
Collateral
Mortgage on property, additional surety if needed, guarantee.
Payment schedule
It’s possible to repay the loan on the basis of a bullet or annuity schedule.
Interest is paid monthly on outstanding loan balance.
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 more payments, as necessary, in one banking day after the mortgage contract has been signed.
Early repayment option
Loan calculator
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.
Quick and easy
Filling in the application is easy and you will get an offer in seconds. We’ll transfer the money to your account no later than the next business day.
Accessible everywhere.
You can submit an application at any time online or at the nearest branch. Personal identification can be conveniently done via computer or mobile phone.
Reliable
Our professional employees are always there for you to find the best solution for your requests.