KBC Business Credit via Straight Loans

You can use a straight loan to finance your temporary cash needs in the short term. You must therefore be able to determine in advance how much you want to borrow (i.e. up to the credit limit) and for how long (i.e. until the date on which you pay it back).

You can draw down one or more short-term straight loans at any time, provided you stay within your credit limit. KBC will then transfer an amount to your current account to cover payments you need to make. At the end of the drawdown period of the straight loan, we debit your current account with the amount borrowed plus the interest due.

You decide on the limit for your line of business credit together with your KBC relationship manager, based on your financial plans and operational needs.

As soon as we allocate the credit line to your KBC business account, you can draw down the business credit in the form of short-term straight loans. You can do this online using KBC Touch or the KBC Business Dashboard, or through your KBC Bank branch.

The minimum amount and term of the line of business credit depend on how you want to manage your straight loans. If you decide to draw your straight loans down yourself in KBC Touch or the KBC Business Dashboard, the minimum amount to be drawn down is 25,000 euros and the minimum term seven days.

We set the rate when the line of business credit is being registered. The interest rate when drawing down a straight loan is based on the EURIBOR plus a margin that is guaranteed at the time of each drawdown.

You have the certainty of knowing the interest rate to be charged on the date the straight loan becomes due. You only pay interest on the amount you draw down.

• Credit line fee
  To draw on the KBC Line of Business Credit, you pay a credit line fee every three months, which is calculated for the average amount of the line of business credit (or the largest amount drawn down, if larger).

• Drawdown fee
  Each time you draw down a straight loan you pay a drawdown fee.

• Credit origination fee
  For drawing up the credit contract, you will be charged a one-off origination fee based on the credit amount.

• Management fee
  The KBC Line of Business Credit via Straight Loans is part of a single umbrella credit facility. You pay a fixed amount every three months for the management of the facility.

• Default interest
  If there are no or insufficient funds on your account on the date the straight loan is due, we will charge default interest on the principal due at that time.

An advance in current account enables you to overdraw your account up to an agreed amount. The amount in question is paid back automatically from the income you receive in your account. You only pay interest for the period you draw down the credit. To find out more, compare the different solutions for your working capital.

You can apply for, sign, track and manage your %%product.vastvoorschot%% digitally using KBC Mobile, KBC Touch and KBC Business Dashboard. You can also ask Kate, your digital assistant, to help by heading to the top-right corner of KBC Mobile. Just say: 'I want to apply for a straight loan'.

Decisions on business credit facilities of up to 150 000 euros should be available within 24 hours of applying online or by appointment, provided your application is complete.

As soon as we allocate the credit line to your business account at KBC, you can draw down the business credit in the form of short-term straight loans. You can do this online using KBC Touch or the KBC Business Dashboard or through your KBC branch.