THE PREMIER TURKISH BANK
IN UKRAINE

Loan under Deposit

l-u-d.jpgLoan under Deposit is a credit program of CREDITWEST BANK. Under its terms the property rights on deposit funds is taken as a collateral. At the same time, loan currency may not reflect with the deposit currency as well as deposits may be made in several currencies.


Basic parameters of the Loan under Deposit:


Loan schemes: сorporate Overdraft, Corporate Credit Line, Corporate Credit/Non-revolving Credit Line (except multicurrency)

Designated purpose
: working capital financing or other purposes related to business activity

Amount: the deposit amount must exceed the amount of the loan and interests scheduled for 2 months provided the loan currency is equal to the deposit currency*

Currency: UAH, USD, EUR

Term: from 2 days to 12 months. At the same time, the term of a deposit contract must exceed the term of a loan contract at least for 5 working days

Interest rate:   
  • + 3% to the interest rate on the deposit if the loan and deposit currency is UAH*
  • + 2% to the interest rate on the deposit if the loan and deposit currency is USD/EUR*

Commission: from 0-0,5%**

Pledge:
individual or corporate deposit

Prolongation: it may be carried out up to one year, if the deposit will be elongated on the same period or a new deposit will be opened on the required dates

* - If the loan currency is different from the deposit currency, the margin will be defined by the Treasury and Financial Institutions Department and approved by the Credit Committee of the Bank.
** - Commission fee can be 0% in case of interest rate includes commission amount. Commission can be paid one time or to be paid partially (monthly / quarterly / proportionally, etc.).