Revolving credit

Revolving line of credit

The purpose of the revolving line of credit is procurement of funds for financing periodic working capital needs and financing current liquidity. After the line of credit is approved and made available in full amount, the Client may use the approved amount at any time by withdrawing individual short-term tranches as needed. Each tranche withdrawal reduces the amount of available funds.

PURPOSE

Financing periodic working capital needs and financing current liquidity

CURRENCY

RSD
RSD with currency clause, indexed to EUR

AMOUNT

From RSD 100,000.00 to RSD 80,000,000.00
From EUR 1,000.00 to EUR 750,000.00 EUR in RSD equivalent at the official middle exchange rate of the NBS

LOAN REPAYMENT PERIOD

Up to 12 months

MINIMUM SECURITIES

Blank promissory notes issued by an entrepreneur
Personal promissory note issued by a natural person - owner
In case of related legal entity/entrepreneur - guarantee

* Depending on the Client's creditworthiness, loan period and amount, the Bank reserves the right to accept additional collateral that it deems acceptable in accordance with the Bank's internal acts.

REPRESENTATIVE EXAMPLES

Representative example of Revolving line of credit in RSD (EIR was calculated on 01 June 2022)

Representative example of Revolving line of credit in RSD (EIR was calculated on 15 January 2023) - valid from 30 January

Representative example of Revolving line of credit indexed to EUR – fixed interest rate (EIR was calculated on 01 June 2022)

Representative example of Revolving line of credit indexed to EUR – fixed interest rate (EIR was calculated on 15 January 2023) - valid from 30 January

Revolving Documentary Credit

Revolving documentary credit represents the approximate amount of limit of guarantees, letters of intent and letters of credit made available to the Client by the Bank, whereby each use reduces the available funds, and the expiration of individual guarantees, letters of intent and letters of credit renews them to the approximate original amount.

PURPOSE

Use of guarantees, letters of intent and letters of credit