Term loan – a loan, which is usually being provided in full amount immediately after the signing of the credit agreement. It can be repaid by scheduled installments or by a single payment at maturity
Basic conditions of financing
Minimum amount: UAH 4 000 000
Tenor of financing: up to 3 year
Currency of financing: UAH, USD, EUR
Interest rate: for USD and EUR – LIBOR / EURIBOR + margin; for UAH – fixed or current market rate
Organization fee: defined individually
Possible collateral (or its combination)
- pledge of fixed assets (property complexes, real estate, equipment, vehicles, agricultural machinery)
- pledge of goods in turnover
- pledge of property rights under deposits placed in OTP Bank
- credit repayment guarantee of other bank acceptable for OTP Bank
- financial surety (corporate guarantee) issued by a company acceptable for OTP Bank
- financial surety of the borrower`s owners
