A little extra always comes in handy
IQkredit is an overdraft facility that enables you to draw on funds in your current account or up to an authorized debit limit. There is no need for any security or a guarantor.
When the kids come to you with an enrolment form for language school courses, when you make plans to buy gifts for those you love, or if the washing machine breaks down and you discover your account balance doesn't quite cover it, IQkredit will help you cope. You will have peace of mind and more freedom when you go shopping.
How do I get IQkredit?
You can apply for IQkredit as soon as you open an current account. You can get a financial reserve from CZK 10 000 up to CZK 250 000.
The maximum limit of IQkredit is set individually, based on the assessment of your application and how long you have held a current account.
All you have to do to receive IQkredit is pay a visit to a branch of LBBW Bank with all the necessary documents.
How can I use IQkredit?
It's up to you when and how you choose to use IQkredit - you can make card payments or withdraw cash from an ATM or over the counter. Naturally, we charge interest on IQkredit only if you actually use this facility.
What are the conditions of eligibility for IQkredit?
- applicants must be at least 18 years old
- net monthly income of more than CZK 10 000 (CZK 15 000 for self-employed applicants)
- telephone number at work - landline (or mobile for self-employed applicants)
- home telephone number (landline) or mobile number
- you must have been in your current job for at least three months (self-employed applicants must have been in business for at least two years without interruption; selected professions min. 1 year)
- the submission of an application
What formalities will be needed for IQkredit?
If you are an employee:
- two means of identification
- confirmation of income
Note:
In case your mailing address is different from your permanent residency address, it is necessary to present a document that will prove this mailing address
as correct (i.e. current account statement, elecrticity bill etc.).
If you are self-employed:
- two means of identification
- your last tax returns
More information
- Interest rate / List of interest rates for Private and Individual Banking (page 4)
- Price list / IQkredit
We will be pleased to provide you with more information directly at branches of LBBW Bank.
