1. Scope and borrowers
These terms cover financing for legal entities for business purposes. The creditor does not offer consumer credit to individuals acting outside their trade or profession. Identification and contact information appear in creditor information.
2. Binding effect
These terms become binding on the company when it declares in writing that it accepts them, including by signing an agreement that refers to them, and they are provided when the agreement is concluded (Article 298 of the Commercial Act). Where the individually agreed terms of the agreement differ from these terms, the agreement prevails.
3. Representation
An application is submitted by a legal representative or a duly authorised person. Authority, the persons required to sign and any joint-representation rules are verified against the Commercial Register and supporting documents before an agreement is concluded.
4. Due diligence and assessment
The creditor applies customer due diligence under the Measures Against Money Laundering Act: identifying the company, its representatives and beneficial owners, establishing the purpose and nature of the business relationship and verifying the source of funds where the law requires it. Where due diligence cannot be completed, no agreement is concluded.
The creditor also assesses the company’s financial position. Registration details, financial statements, turnover and liabilities, and documents for the financed transaction — orders, contracts, invoices or supplier quotations — may be requested. An application does not guarantee approval.
5. Individual terms
The amount, currency, duration, interest, fees, security and repayment schedule are set out in the individual offer and agreement. A published calculation is not a final offer. Fees and charges explains how costs are disclosed.
6. Signing and drawdown
The required representatives sign the agreement in the agreed manner, including with a qualified electronic signature, which has the legal effect of a handwritten signature (Article 25(2) of Regulation (EU) No 910/2014). Funds are made available to the company’s account after the agreed drawdown conditions are satisfied. The company should retain its agreement, repayment schedule and payment confirmations.
7. Central Credit Register
Where required by BNB Ordinance No 22 on the Central Credit Register, the creditor reports the loan, subsequent changes and its co-debtors and guarantors to the register until the loan is fully repaid.
8. Repayment, arrears and disputes
Due dates, early repayment, consequences of late payment and changes are governed by the agreement and applicable commercial law. Contact the creditor promptly if the company anticipates payment difficulties. Complaints may be submitted under the complaints procedure.
9. Personal data
Data of representatives, guarantors and beneficial owners are processed under the privacy policy.