Loan transactionsThe Joint-Stock Bank Kyivska Rus issues loans to small business enterprises for carrying out their business activity. Small business enterprises have an opportunity to start their business activity using available capital. Taking into account such an opportunity, the JSB Kyivska Rus issues loans to small business enterprises for both beginning of the new business and carrying out the already existing successful activity.
I. Credit/credit line Credit is borrowed money that you can use to purchase things you need and then repay funds back at an agreed on time. Credit line is an arrangement in which the Bank extends a specified amount of unsecured credit to a specified borrower for a specified period of time without additional negotiations. Loan for replenishment of floating assets is aimed at strengthening of the company's solvency to overcome the production run-cycle. The Bank issues a loan for replenishment of floating assets in UAH or USD up to 1 year at 16-21% and 11.5-16% per annum correspondingly. Credit/credit line for fixed assets purchase is extended in UAH or USD from 1 up to 5 years at 18-22% and 12.5-16% per annum correspondingly.
Advantages of the credit line over the individual transactions are as follows:
II. Overdraft is an arrangement under which the Bank extends credit up to a maximum amount against which a current account customer can write checks or make withdrawals. Overdraft is given in UAH up to 30% form the client's average monthly turnover up to 12 months at 11-23% with continual usage up to 60 days. Overdraft affords an opportunity to extend credit for that amount that is necessary for a client at the moment, paying interest only for the spent money.
III. Trade finance Guarantee transactions for provision and financing of the export contracts (guarantee of advance repayment, loan repayment). Financing of the long-term import business. Post-import financing with usage of uncovered letters of credit and resources of foreign banks-partners. Cost of trade finance depends on the capital raising market and ranges from 1.5% up to 11% per annum.
Benefits are as follows:
IV. Bank Guarantee The Bank gives a commitment letter at the Client’s request (Principal) to pay the Principal’s lender (Beneficiary) the amount of money according to the commitment terms after the Beneficiary gives a written requirement that it should be paid. Bank Guarantee provides proper fulfillment of obligations with respect to Beneficiary. The Principal pays the Guarantor fee for issue of bank Guarantee (from 1.5% - 6% per annum up to 2% one-off), but not leess than UAH 100.00. A letter of credit is a document issued by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking to a beneficiary against complying documents as stated in the Letter of Credit. The Uniform Customs and Practice for Documentary Credits (UCP) provides rules on the issuance and use of letters of credit. While carrying out letters of credit transactions, the Bank receives commission in amount of 200 USD. The Bank may charge commission up to 6% per annum.
V. Goods and services for entities and individuals, who have their own car service business A range of goods and services was created for entities and individuals, who have their own car service business. The Bank takes into account special needs of this group of clients and offers short terms of claim consideration, cheap servicing etc. Period of loan – up to 5 years; It foresees postponement of loan disbursement for 6 months, if equipment needs preliminary installation. It includes offer of settlement and cash services and plastic cards as well.
VI. The Honest Borrower Loyalty System The Honest Borrower Loyalty System foresees reduced rates up to 2% and partial support.
Tariffs on loan transactions
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