ConcordBank credit line
Need a credit line?
Why credit line in ConcordBank is just for you
- The ability to choose borrowed funds in separate tranches, if necessary, within the agreed period, without issuing each tranche, as a separate loan.
- The ability to open a credit line in advance and use it if necessary.
- Interest is not accrued on the entire amount of available funds, but only on the amount taken by the borrower.
Client expenses for credit line servicing
|
Interest rate (per annum) |
19,0-24,0% |
|
Credit initiation fee |
1,0% of the lending limit |
|
Monthly commission |
none |
|
Additional expenses |
- notary services in case of notarization of pledge agreements; - insurance of a pledged item, the tariff for which is set by the insurance company depending on its type of pledge. |
Product passport "Revolving credit line"
Significant product characteristics
Non-revolving Credit Line Product Passport
Significant product characteristics
Questions and answers
In which currencies can I obtain a loan?
USD, EUR or UAH.
What factors are taken into account by the bank when making a decision?
- Borrower's financial condition and average business turnover.
- The quality of the project that is the subject of lending, and the prospect of business.
- Borrower market position and industry status.
- Credit history of the borrower and his business reputation.
- Availability of collateral and willingness of company owners to provide a guarantee.
What are the types of credit lines?
For how long can I get a loan?
When using a revolving credit line and nonrevolving credit line — up to 24 months inclusive. If the validity period of the loan agreement is 24 months, the loan agreement provides for a loan repayment schedule (The loan repayment schedule is determined by the decision of the collective body of the bank, the competence of which includes the decision to conclude a loan agreement, and depends on the purpose of the loan, the characteristics of the client (for example, seasonality)). If the validity period of the loan agreement is less than 24 months, the availability of the repayment schedule is determined by the decision of the collective body of the bank, whose competence includes the decision to conclude a loan agreement.
When using a tranche credit line — up to 12 months inclusive. Moreover, the validity period of each individual tranche is established in the Supplementary Agreement to the loan agreement, but it cannot be longer than the validity period of the loan agreement, in any case.
For what needs can I use loan proceeds?
Working capital financing and the contract of sale payment.
When interest is accrued?
On the last banking day of the month for the reporting month and on the day of the final repayment of the loan or at another time determined by the decision of the collective body of the bank.
