Loan against deposit

Loan against deposit (lombard loan) is one of the fastest ways to get the funds you require. The basic precondition is a full coverage of the loan with a deposit in the same amount. It can be granted either as a short-term or a long-term loan. A short-term loan is repaid in monthly, quarterly, semi-annual or annual instalment(s) within 12 months.

Lending terms and conditions

Purpose

The loan can be disbursed as follows:

payment to the borrower's account (no restricted purpose),
directly to the account of the provider of goods/services, based on the issued invoices (restricted purpose).

Loan repayment term

Up to 1 year, noting that loan utilisation can be extended for a new period, subject to a tied deposit or a deposit that will be repeatedly tied until the end of the loan repayment period or longer.

Fee

1%, but not less than EUR 107 (if the borrower holds one of the packages intended for MSEs, then 50-100% discount might be applicable)

Security instruments

Deposits held by legal entities or natural persons can be used as security. Currency of the loan may differ from the currency of the deposit backing it.