MPCL Light – Multi-purpose credit line with simplified approval

 

UniCredit Bank Hungary Zrt. provides a flexible financing facility with simplified approval for those resident clients registered in Hungary who are operating as enterprises having legal personality or in form of general partnership.

 

On the basis of one single credit contract MPCL Light ensures freedom of movement between the following types of credits and commitments in a flexible way, adapting to the client needs within a maximized overall amount:

• HUF current account overdraft and HUF short-term loan or,
  
• EUR current account overdraft and EUR short term loan, furthermore
  
• bank guarantee issuance,
  
• letter of credit opening,
  
• treasury transactions.

 

Why is MPCL Light advantageous to your company?

• It enables simple management of liquidity since the use of the credit line can be changed.
  
• It provides a conditional credit line free of charge (without commitment fee) within the contracted loan amount and such credit line can be transformed into an available credit line any time based on your written order.
  
• It means a flexible and long-term cooperation with the bank.
  
• It provides availability to a wide selection of credit types with rapid and flexible access.
  
• The credit line is renewable and revolving that is within the loan term, the credit line can be repeatedly used up to the repaid amounts.
  
• The credit line has a maximum maturity of one year, however upon the client’s request and subsequent to a creditworthiness review, it can be extended by an additional year.

 

To which clients do we offer MPCL Light?

To those clients registered in Hungary who are operating as enterprises having legal personality or in form of general partnership who(se)

• possess audited financial statement for at least two entire closed business years and pursue real business activity,
  
• annual turnover exceeds HUF 700 million based on the last closed annual financial statement,
  
• do not have any overdue public debt (tax, customs and social insurance) at the time of applying for the credit,
  
• do not have overdue or defaulted credit debts according to the Central Credit Information System (KHR),
  
• are not under bankruptcy, liquidation proceedings, execution process or foreclosure procedures,
  
• currently do not have and in the previous 2 years did not have any credit rated worse than problem-free category in the Bank.

The product is not available for individual entrepreneurs and primary producers. The Bank decides individually on loan disbursement/ bank guarantee issuance and on the amount and conditions thereof based on the documents submitted in accordance with the application of MPCL Light credit facility.

 

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

 

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