Cash-covered loan

The product is intended to finance the current activities or other business goals of the client.

Type of loan: term loan, non-revolving / renewable credit line for replenishment of working capital or investment purposes (acquisition of fixed assets).

  • Amount: up to UAH 5 mln.
  • Currency: UAH
  • Term: for the term of the deposit provided as collateral (maturity of the loan shall be earlier than maturity of the deposit no more than by 45 days).
  • Security: funds on the deposit account in PRAVEX BANK (in national or foreign currency), the pledger may be both a legal entity and an individual.
  • Interest rate: from 2.5% margin on the deposit rate in national currency (or equivalent), fixed for the entire term of the loan.
  • If the deposit is in hryvnia: a margin of 2.5% is added to the interest rate on the deposit;
  • If the deposit is in foreign currency: 16.99% per annum (fixed for the entire loan term).
  • Repayment of interest: on the 26th of each month.
  • Commission: 0.5% commission for setting the credit limit.
  • Loan repayment: monthly / quarterly / at the end of the contract

In order to obtain more detailed information on the conditions of the product, please contact the service branch.

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