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Credit Line

For timely project implementation, you need flexible access to funds. With a payback period of up to 12 months, a credit line is a convenient way to finance your projects. This enables you to use loan funds when needed and to pay debts when cash assets are available.
Key advantages
 
  Unrestricted use of funds up to the established limit
• Repayment of principal at maturity
• Flexible approach to collateral
• Possibility to establish a framework agreement for repeat loans, with no extra charge for re-registration of collateral
• Setting a credit limit saves time on formalisation of loans

Loan conditions

Limit of credit line Depends on circulating assets of your business
Tenor  Up to 12 months
Currency  UAH, USD, EUR
Collateral Immovable property, vehicles, equipment, guarantee, deposits in the bank, goods for sale
Repayment  Interest is repaid monthly. Principal is repaid at maturity or within the last 3 months before maturity.
Extra charges • Statement from the State Register of Encumbrances
• Statement from the credit history bureau
• Notarisation
• Insurance (if required by the Credit Committee).

How to apply?

To qualify for a credit line your business must have held a current account with the bank for at least 3 months.

Documents needed for a credit line:

For sole proprietors

  1. Passport.
  2. Individual Taxpayer Identification Number on the Tax Administration’s Certificate.
  3. Copy of the Certificate of State Registration of the Sole Proprietor.
  4. Certificate of Registration of the Sole Proprietor with the State Tax Administration (Form 4-ОПП).
  5. Income declaration or other financial statement for the last reporting period (Form №2).
  6. Title deeds for property offered as collateral.

For legal entities

  1. Certificate of State Registration.
  2. Latest version of the founding documents.
  3. Certificate of Registration with the Administration of Statistics.
  4. Certificate of Registration of the Legal Entity with the State Tax Administration (Form 4-ОПП).
  5. Financial Statements: Balance Sheet (Form №1) and Profit and Loss Statement (Form №2) as of the latest reporting date, stamped by the statistical office.
  6. Title deeds for property offered as collateral.
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