OTP Bank to Provide Cash Loans to Private Entrepreneurs
OTP Bank provides an opportunity to receive a cash loan for individual entrepreneurs secured by a term deposit in the national currency, US dollars and euros. The collateral can be either a fixed-term deposit directly from the borrower, or a deposit of a third party - a private entrepreneur.
One can get a loan through the bank's cash desk or by transferring it to a current / card account opened with OTP Bank. The loan amount can range from UAH 100,000 to UAH 1.150 mio, the loan term is from 30 days to 12 months.
The collateral for the loan is a Term Bank Deposit in OTP Bank, opened in the same branch where the client receives a loan in hryvnia, US dollars and euros.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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