Loans secured by cash deposit

UniCredit Bank provides loan to Your company after conducting simplified approval process in case cash deposit is settled by a private individual or a company as a collateral. Loan secured by cash deposit is serving as a solution primarily for the daily financing difficulties; you can receive financing meanwhile realizing interest income.

Why are loans secured by cash deposit advantageous to your company?

• In case you do not want to break your deposit before maturity but you would like to find a prompt solution to your liquidity problems.
  
• In case you would like to transfer your shareholder loan into bank loan.

Main parameters of the loans secured by cash deposit

• Type of the loan: non-revolving, repayment is due in a lump sum upon maturity.
  
• Amount of the loan: min. HUF 1,000,000 or an amount equivalent to it in EUR.
  
• Amount of the deposit: amount shall be provided by a private individual or a company in the currency of the loan, which provides 100% cover to the amount of the principal, interest and other charges calculated based on the Bank’s regulations on the valuation of collaterals.
  
• Currency: HUF or EUR, the currency of the loan and the currency of the deposit have to match.
  
• Term of the loan: max. 5 years.
  
• Term of the deposit: the term of the deposit has to match the term of the loan, the deposit money cannot be released until the final maturity or the full repayment of the loan.
  
• Disbursement of the loan: on the day of the fixing the deposit in a lump sum.
  
• Repayment of the loan: the loan has to be repaid in a lump sum upon maturity, early repayment is allowed – under the relevant effective conditions – in this case the amount of the security deposit could be reduced.
  
• Repayment of the deposit: it is due after the repayment of the loan.
  
• Interest of the loan: annual credit interest anchored to 1/3/6 month BUBOR or EURIBOR base.
  
• Interest of the deposit: annual deposit interest anchored to 1/3/6 month BUBOR or EURIBOR base.
  
• Payment of the interest: at the end of the interest period, the interest period of the loan and that of the deposit have to match in all cases.
  
• Other fees, charges: to be defined according to the bank’s at all times effective list of conditions, announcements and the terms and conditions corresponding to the loan agreement.
  
• Collaterals: HUF security deposit settled by a company or a private individual that provides 100% cover for the principal, interest and other charges of the loan.

If you have any questions, please feel free to ask your contact person at the bank, or our colleagues at one of our many bank branches.

This information should not be considered an offer. The Bank reserves the right to change conditions. UniCredit Bank reserves the right to decide individually on loan disbursement and on the amount and conditions thereof, based on the loan application and documents submitted.