Revolving working capital loan facility

Product

Revolving working capital loan facility

Client

Corporate​ clients

Source of funding

Bank’s own and attracted funds

Purpose of the loan

Financing general needs to cover the difference between customers' receipts and expenses on current operations or to replenish working capital

Currency

In national/foreign currency

Maximum loan amount

1) up to 30% of the client’s net revenue for the previous financial year

or

2) based on the bank’s calculations based on the indicators for the previous financial year.

Loans for working capital received from Ipoteka-Bank and other banks may affect the amount of the loan for working capital.

The maximum amount of a loan for salary payment must not exceed the amount of two months' accrued salary.

Interest rate

Determined individually in accordance with the bank’s internal rules.

Loan term

up to 36 months (revolving) (based on General Agreement)

The maximum term of each part of the development (separate loan).

In accordance with the client's operational (production) period, but not more than 12 months.

Preferential​ period

-

Credit availability period

33 months

Security

According to the bank's internal regulations.

Commission​ payments

For loans from own funds – not applicable.

The attracted resources are determined individually within the framework of the terms of foreign credit lines.

Repayment​ credit

Interest: Monthly

Principal: equal payments for at least the last 3 months.