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Corporate Banking
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Lending
Lending
MEGABANK PJSC gives credits to all solvent economic entities, including enterprises of small business (businessmen), irrespective of their branch belonging, status, type of ownership, on condition that they have real sources of repayment and legal forms of maintenance of well-timed credit repayment and payment of interests for its usage.
Currency of crediting: UAH, USD, EUR, Rub. Thus, the sum of credit or its part in foreign currency can be convertible in UAH or other currency and, on the contrary, for the following usage of funds for settlement with contractors, both in Ukraine and with nonresidents.
As maintenance of credit repayment (in a pledge) there can be given:
- Immovable property (industrial and warehouse premises, houses, apartments etc.);
- Movable property (main funds, goods stocks etc.);
- Vehicles;
- Property rights for deposit funds placed in our bank;
- Property rights (debts receivable) on working contracts;
- Liquid securities;
- Guarantee of solvent legal entities and individuals.
It is necessary to note, that not only a borrower but also any other legal entity or individual can be a pledge holder.
Terms of credit usage depend on the aim of crediting and quality of security:
- Short-term credits are given for financing of temporary money deficiency of circulating assets.
- Long-term credits are given for the term of up to 7 years for enterprises’ realization of capital investment (purchase of the main funds, modernization and reconstruction of manufacture), that enables to distribute money flows at establishment of the schedule of granting (if it is a credit line) and repayment of the credit, thus to lower a financial load on general financial-economic activity of the enterprise.
Loan charge depends on:
- financial condition of a borrower;
- term of usage of credit funds;
- quality of security;
- quality of security.
Bank products offered to the clients of MEGABANK PJSC:
- Time credit
- Credit line
- Multicurrency credit line
- Overdraft
- "Technical credit"
- Additional bank products
Time credit
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Time credit – is special-purpose financing of commercial agreements, which is limited by the term, on termination of which there should be credit and interest repayment. Time credit can presuppose a schedule of granting and repayment of the credit.
Interest rate:
- from 14% per annum for the credits in foreign currency;
- from 27% per annum for the credits in local currency.
- Commission:
- for credits up to 1 year from 0,5% once;
- for credits of more than 1 year from 0,5% annually.
Advantages:
- servicing of a time credit is cheaper than servicing of a credit line for the size of commissions;
- expediency of credit reception is determined first of all proceeding from the precise forecasting of the borrower’s activity.
Credit line
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Credit line is a special-purpose crediting of commercial agreements of economic entities using parts of the sum of credit within the fixed limits and during the period of time determined by the credit contract.
- Not renewed credit line – the total amount of funds, given within the terms of not renewed credit line (the sum of fund allocation on the debit of loan account), should not exceed the size of credit stipulated beforehand.
- Renewed credit line provides granting and repayment of credit within the size of credit stipulated beforehand.
Interest rate:
- from 14% per annum for credits in foreign currency;
- from 27% per annum for credits in local currency.
In addition there can be fixed payment of interests for the bank’s reservation of funds for the sum of unused share of a credit line from 2% per annum.
Commission:
- for credits up to 1 year from 0,5% once;
- for credits of more than 1 year from 0,5% annually;
- additional commission from 0,5% from the sum of debit payment on loan account.
Advantages:
- the client is given an opportunity within the fixed limit to use credit funds immediately at the moment of occurrence of necessity, which in its turn allows to lower expenses for credit servicing.
Multicurrency credit line
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Multicurrency credit line is a contract on a credit line opening with an opportunity of tranche reception in different currencies, but with one limit of debts on all tranches in one currency, stipulated by the contract. All obligations in any currency on this contract have common security.
Interest rate:
- from 14% per annum for credits in foreign currency;
- from 27% per annum for credits in local currency.
In addition there can be fixed payment of interests for the bank’s reservation of funds for the sum of unused share of a credit line from 2% per annum.
Commission:
- for credits up to 1 year from 0,5% once;
- for credits for more than 1 year from 0,5% annually;
- additional commission from 0,5% from the sum of debit payment on loan account.
Advantages:
- the client is given an opportunity within one credit contract to use different currencies, thus to lower risks in the presence of currency fluctuations.
Overdraft
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Overdraft is a form of short-term credit, which is given by the Bank as an opportunity for the Client to spend a certain sum of money within the limit fixed in the credit contract, which exceeds the rests of money on his/her current account.
MEGABANK PJSC offers an overdraft limit in the size of up to 30% of monthly average enterings for the client’s account during the last six months for the term of up to 1 year both in local and foreign currency.
Interest rate:
- from 15% per annum for credits in foreign currency;
- from 27% per annum for credits in local currency.
In addition there can be fixed payment of interests for the bank’s reservation of funds for the sum of unused share of a credit line from 2% per annum.
Commission:
- for credits up to 1 year from 0,5% once.
Advantages:
- the simplified system of credit reception over the rest of funds on the client’s current account within the fixed limit of overdraft.
"Technical credit"
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"Technical credit" is a credit, which is given under a pledge of property rights for money resources, placed in the Bank on deposit contract. As a rule technical credit is given for the term, which does not exceed validity of deposit contract.
The Bank can give reliable clients short-term (for some days) technical credits without security, on current enterings of funds for this Client’s current account or rests on this account (for example: rests of foreign currency before the moment of its sale).
Payment for usage of credit funds is determined according to the arrangement of the parties (interest margin is 3 (three) interest items between the interest rate on the credit and interest rate on the deposit).
The priority direction is lending to small and medium businesses within the framework of international programs of cooperation with European Bank of Reconstruction and Development, German-Ukrainian Foundation and Germany State Development Bank (KfW).
- Details of lending within the international programs are available on PLC Megabank’s site in a section "Lending to small and medium businesses".
There is the program of long-term crediting of agricultural manufacturers, within the framework of which the Contract on cooperation between MEGABANK PJSC and outstanding manufacturers of this equipment "Technotorg" PLC and "Technotorg-Don" PLC.
Thus according to this contract the conditions of granting of credits up to 3 years are determined. In its turn the Enterprise-borrower should finance the project at the expense of its own funds for not less than 30% of the total cost. As a credit security the movable estate (agricultural equipment), that will be acquired at the expense of credit funds, is given.
Interest rate:
- 27% per annum for credits in local currency.
Commission:
- 1% per annum.
The additional information concerning the offered production of "Technotorg" PLC and "Technotorg-Don" PLC can be received on the site to the following address: www.technotorg.com
Additional bank products for corporate clients
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Leasing credit is financing by granting of the fixed assets with the right (or without the right) of buying out in long-term rent (leasing). Both the Bank and the Leasing company can be lessors. According to the leasing agreement the Bank finances the purchase of goods with the purpose of their further transfer in leasing. In case of leasing the Bank carries out usual credit analysis of an opportunity of a potential lessee to pay leasing payments well-timed. The procedure of carrying out of financial leasing operations is given in the appropriate Regulations.
Factoring is a short-term trade-commission operation which is united with crediting of the Client’s working capital and connected with the Client-supplier’s assignment of nonpaid payment request for the delivered goods, fulfiled work, provided services for the benefit of the Bank. The procedure of carrying out of factoring operations is given in the appropriate Regulations.
For the additional information turn to the address:
MEGABANK PJSC, Department of Corporate Clients Crediting
30 Artema Street, Kharkiv, tel. 703-21-42, 760-20-71
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