REVOLVING LOAN
Revolving loan provides Client with a possibility to utilize and repay credit funds in line with their business-related needs.
It may be used to finance occasional needs for additional working capital, as well as for occasionalliquidity sustention for registered legal entities- SME.
MAIN CHARACTERISTCS OF THE LOAN :
| Description |
Terms |
|
Loan amount |
amountdepends on average monthly income of the company, and on client’s financial indicators, as well as other indicators as determined by the Bank, up to the maximum amount of 100% of average monthly income earned by company. |
|
Duration |
up to 12 months |
|
Interest rate |
depend ontheextentofClient's cooperationwiththe Bank. Interest rate is calulated on daily basis for the amount drawn by the Client as well as for the available amount of the loan approved and is being charged automatically by transfering funds from Client's bank account. |
|
Collateral |
depends on the approved amount. Possibility to combine collateral– guarantors, chattel mortgage, mortgage, deposits, bank bill |
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