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Credit line

Credit line

The credit line may be:

nonrecurring – step-by-step credit accommodation up to a fixed limit;

recurring – upon partial settlement of the loan, a new credit loan may be extended within the fixed limit and timeframe of the agreement.

Convenience of this form for customers is the fact that during the whole period of using the loan funds, the client is not required to sign several agreements and provide a new set of documents for each one of them.

Credit term: up to 1 year.

Interest rates: up to 25% annual interest in national currency.

Special conditions: insurance of collateral property in an insurance company accredited by the bank.