Deposit-Secured Loan for Small and Medium-Sized Businesses

Willing to keep your savings but need resource to finance your current business activities?

Your choice is a deposit-secured loan from JSC "CREDITWEST BANK".

The Bank receives collateral in the form of property rights to term deposits, while you use funding at a reduced interest rate.

Deposit-Secured Loan for Small and Medium-Sized Businesses

Main parameters

Amount

The deposit amount must exceed the amount of the loan and interests scheduled for 2 months provided the loan currency is equal to the deposit currency*

Interest rate

+3% to the deposit interest rate, provided that both loan and deposit currency is UAH*
+2 % to the deposit interest rate, provided that both loan and deposit currency is USD or EUR*

Designated purpose

Working capital financing or any other purposes related to business activity

Currency

Hryvnia (UAH)
US dollar (USD)
Euro (EUR)

Term

From 2 days to 12 months. The term of the deposit agreement must exceed the term of the loan agreement for at least 5 business days.

Further prolongation for 1 year is possible, subject to a corresponding prolongation of the deposit.

Commission

One-time - up to 0.5% of the financing amount.

The fee is set by the decision of the Credit Committee of the Bank.

* If the loan and deposit currencies do not match, the interest rate and loan amount are determined individually and approved by the Bank's Credit Committee.