The intended use can vary, but the business need is one. When it is more convenient for companies to borrow a non-fixed amount and pay interest of all amount, but to choose borrowed funds in separate tranches as needed within the agreed period, only without having to draw up each tranche as a separate loan, they resort to a credit line
Fortunately, there is still a choice – with or without restoration of a credit limit in case of repayment by a client of a received loan or its part.
Customer line service costs
Interest rate (per annum)
Credit initiation fee
1,0% of the lending limit
- Notary services (in case of notarization of pledge agreements)