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Fixed Advance Credit Line

Short-term loan up to 12 months to finance the need of working capital with a predetermined purpose.

Fixed Advance Credit Line

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Advantages

  • Flexibility of payments Disposition of additional working capital that can be used at any time

Whom is it Suitable for?

Organisations that have a need for advance financing of payments:

  • Local and foreign companies
  • Public and financial institutions

Conditions

The facility is disbursed in a fixed amount, on a fixed interest rate (negotiable on the date of disbursement) and for a fixed period of time for each separate disbursement (defined in advance for each drawdown). The lifetime of the tranche is determined in advance for each granting and shall not exceed the lifetime of the credit line.

Collateral

The loan may be secured by assets of the borrower or of third parties, established in favour of the Bank as per the procedure and in the form established by law. The collateral may include one or mixture of the following assets:

  • Real Estate
  • Intangible assets
  • Financial assets
  • Securities
  • Mutual Funds
  • Receivables from third parties
  • Others

 

Market appraisal and insurance of collaterals are required.

Frequently Asked Questions

The market apprisal should be renewed every year. The insurance must be maintained valid for the entire loan period.

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