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Corporate loans

PJSC "INTERCREDITBANK" offers loans to corporate customers for business purposes. Corporate customers are mostly large successful enterprises with considerable turnover. They require packaged corporate financing solutions.

Depending on the individual features of your business and your requirements, the Bank offers different forms of loans:

  • credit lines;
  • current account overdraft limits;
  • issue of guarantees.

As collateral, the Bank accepts:

  •  cash deposited with the Bank;
  • deposit/pledge of precious metals (bank gold bars);
  • real estate;
  • fixed assets (transport vehicles, equipment etc.);
  • commodities and materials in stock and in circulation;
  • warranties and sureties from legal entities and individuals;
  • other types of collateral.


Credit lines
Credit line is a lending tool which allows for loan extension by tranches within the established limit and within the term of the loan agreement, with a renewable or nonrenewable credit limit, in case of full or partial repayment of the facility by the borrower. The credit line can be renewable or nonrenewable.
A renewable revocable credit line gives the borrower the possibility of multiple receipt and repayment of the facility within the established limit throughout its validity period. The limit is automatically renewed for the repayment amount. A nonrenewable revocable credit line is a kind of a credit line, which entitles the borrower to make partial withdrawals of the loan within the established limit throughout the credit line validity period. After the repayment, the limit is not renewed.
 

We offer simple and favorable lending conditions:

  •  loan period – up to 12 months;
  • loan currency – hryvnia (UAH);
  • interest is charged on the actual loan balance;
  • real estate, equipment, transport vehicles, goods in circulation and property rights to Bank deposits are accepted as collateral.
     

 Benefits of cooperation with us:

  • prompt and convenient servicing;
  • individual approach to each customer;
  • various lending terms and options, depending on customer requirements;
  • no penalties or fees for early loan repayment.


Overdraft
Overdraft is a short-term loan issued by the bank to the borrower by means of debiting its current account, as based on the corresponding payment documents, for the amount exceeding the balance of such account within the established limit; in this case, the current account acquires a debit balance.
Overdraft in the national currency is offered on the following terms:
The borrower must have a functioning current account at the Bank. The overdraft limit for the borrower is calculated as based on the average monthly turnover on the current account for the past 3 (three) months; for new borrowers, the calculation includes average monthly turnover on accounts opened with other banks.
 

Overdrafts can be secured with:

  •  cash deposited with the Bank;
  • real estate;
  • goods in circulation;
  • equipment;
  • motor vehicles.

If the overdraft is secured with a cash deposited with the Bank, the limit of such overdraft depends on the amount of the deposit; if the overdraft is secured with real estate, goods in circulation, equipment or motor transport, the limit can make up to 40% of the average monthly turnover on the current account of the borrower.
Overdraft secured with collected cash is a short-term loan extended by the Bank to the borrower by means of debiting its current account, as based on the corresponding payment documents in the national currency, for the amount exceeding the balance of such account within the established limit which is calculated as based on the average daily collection from the current account opened with the Bank for the past three months; for new borrowers, the calculation includes average daily collection from accounts opened with other banks for the past two months and from the account opened with the Bank for the past month.
A mandatory prerequisite for issue of such overdraft facility is a valid agreement for provision of cash collection services concluded between the Bank and the borrower, with a clause entitling the Bank to immediately cease extension of the overdraft, should the borrower apply for early termination of the said cash collection agreement. The limit of the cash collection overdraft makes 90% of the average daily cal collection turnover on the current account of the borrower.
No collateral for overdrafts secured with collected cash is required. The current account overdraft agreement is signed for the period of up to 12 months. There can be two types of interest charged on the overdraft, i.e. fixed or floating interest rate. Floating interest rate depends either on the period of uninterrupted use of the overdraft or from the number of days of using the overdraft facility within the maximum uninterrupted period which makes 30 days.
Interest rates are fixed per each borrower individually, within the limits approved by the Bank as at the date of the decision on issue of the facility.


Guarantees
To its customers, the Bank offers the following types of guarantees:

  •  tender guarantees, i.e. liabilities of the guarantor bank issued upon request of the tender participant (principal) to the party holding the tender (beneficiary), according to which the guarantor undertakes to effect the payment in favor of the beneficiary within the amount covered by the guarantee, should the principal fail to meet its obligations;
  • contract guarantees, i.e. liabilities of the guarantor bank issued upon request of the principal (seller, supplier) to the beneficiary (buyer), according to which the guarantor undertakes to effect the payment in favor of the beneficiary within the amount covered by the guarantee, or (if applicable) ensure fulfillment of the agreement between the beneficiary and the principal, should the latter fail to duly fulfill its obligations thereunder;
  • payment guarantees, i.e. liabilities of the guarantor bank to effect the payment in favor of the beneficiary upon its written payment request or upon supply of any other documents, pursuant to the terms and conditions of the liability. As a rule, a payment guarantee covers claims of the seller towards the buyer in terms of the contract value payment within the prescribed timeframe;
  • advance repayment guarantees, i.e. liabilities of the guarantor bank issued upon request of the principal to the beneficiary, according to which the guarantor undertakes to effect the payment in favor of the latter, should the principal fail to meet its obligations, and to compensate, within the agreement, any amount or amounts advanced or paid thereto by the beneficiary;

travel agencies and tour operators civil liability guarantees, i.e. liabilities of the guarantor bank to cover the losses, within the amount of the guarantee, which can be incurred by the tourist (beneficiary) in the event of the travel agency or tour operator (principal) insolvency, or as a result of the travel agency or tour operator bankruptcy procedure violations related to mandatory coverage of expenses incurred by the tourist in the course of returning to their permanent place of residence, or reimbursement of cost of default services under the agreement. This guarantee is required for the travel agency or tour operator to receive the license.

Guarantees are issued in the national currency. The security can be:

  •  100% cash;
  • cash deposited with the Bank.

The applicable fees are calculated as percentage of the guarantee depending on the guarantee amount and within the limits currently utilized by the Bank.
 

 


 

 

 

 

 

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36 Titova Street,
Dnipropetrovsk city, 49055
Phone: (056)-371-50-90
Fax: (056)-371-50-90
Our website: www.intercreditbank.com.ua
E-Mail: bank@intercreditbank.com.ua
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