creditair.cz

CreditAir.cz is a Czech online lender that provides revolving credit lines to sole traders (OSVČ). Borrowers apply online, verify their identity, and receive a credit limit they can draw repeatedly while making a monthly minimum payment. The site states that the company currently offers financing only for sole traders.

Eligible applicants are individuals registered in the Czech trade register, aged over 18, with Czech or Slovak citizenship, a Czech phone number and a Czech bank account, and at least three months of business activity. Revenue comes from interest charged on drawn credit, calculated on a daily basis, and the site publishes a representative example at 40% per month. Every application is checked in credit registries.

The operating entity is AvaFin Czech s.r.o., registered in Prague, which has operated in the Czech market since 2010 under the CreditAir.cz and CreditOn.cz brands. The company is part of the Avafin Group (Avafin Holding Ltd), which the site says offers short-term, consumer and revolving loans and credit cards in five countries: Latvia, Poland, the Czech Republic, Mexico and Spain. The site reports more than 100,000 Czech customers and holds a consumer credit licence granted by the Czech National Bank.

Product: Revolving online credit line of up to 50,000 CZK for sole traders, repaid through a monthly minimum payment.