CALL CENTER
- Could the question of obtaining an overdraft be considered if the company has no current account in Piraeus Bank in Ukraine?
- Why do bank needs a detailed client's justification of the requested loan amount, and a cash budget?
- For what purposes can I get a loan?
- What is a floating interest rate on loans?
- What are the main advantages of overdraft in the Piraeus Bank compared with other banks?
- How quick are loan decisions taken and what does it depend on?
- Where can I get loan for my business development?
- What are the benefits of getting a loan in Piraeus Bank?
Yes. We analyze the cash flow on current accounts in other banks, and the overdraft limit can be up to 60% of net average monthly income on account, but no more than USD 10 mln. Upon receiving a positive decision it is obligatory to open a current account in Piraeus Bank in Ukraine.
Why do bank needs a detailed client's justification of the requested loan amount, and a cash budget?
Bank needs to understand the client’s plans about the company's development strategy and his/her vision of the mechanism of loan repayment (sources). Sometimes the amount requested by the borrower is unreasonable (too big or too small). This indicates that the customer need was not designed on the basis of his/her real needs, based on the discontinuities of liquidity and financial cycle, but was based only on his/her current needs. In such cases bank may adjust the amount and structure of the requested transaction and offer customer a more suitable one which suits him/her and is based on his/her own financial cycle.
In turn, the cash budget gives a clear understanding of client’s projected income/expenses, about his/her strategy (for example, plans to increase sales by reducing the margin, to enter new markets or new activities, acquire new contracts, etc. ), as well as the possibility of requested loan repayment and the source of such repayment.
For what purposes can I get a loan?
Piraeus Bank in Ukraine provides loans for any business purposes: working capital renewal, acquisitions, maintenance of production facilities, etc.
What is a floating interest rate on loans?
Floating interest rate is an automatic review of interest rates, provided only after the first year of lending and executed every six months after the establishment of this rate. The new interest rate depends on the interest rate of Piraeus Bank’s 6 month’s deposits acting at the time of revision, taking into account the margin as prescribed in the loan agreement between the Bank and the borrower. You can see the interest rates on deposits, that are in effect at the time of review, on the page with deposit products or in any branch of the Bank.
Floating interest rate allows to maintain long-term partnerships with clients on a negotiable basis in the case of changes on the Ukrainian financial market. Thus, this decision will reduce the interest rate on the loan at lower interest rates on deposits (which is a long-term market trend). Also, the Bank will increase the loan rate if it will fit the market situation. Revision of rates is possible, starting from the second year of use of loan funds.
What are the main advantages of overdraft in the Piraeus Bank compared with other banks?
The main advantages of overdraft in the Piraeus Bank are the following:
- Ability to set the overdraft limit of up to 60% of net average turnover;
- To calculate the overdraft limit at the initial stage the turnover in other banks is taken into account;
- There is no requirement for periodic resetting of the overdraft limit;
- As a collateral could serve 100% of goods for sale or equipment.
How quick are loan decisions taken and what does it depend on?
The bank is interested in quick considering of loan granting. Quickness of decision making depends on the speed of borrower’s providing the necessary information about the business of the company and the relevant documents. Having this information, a decision on loan granting is taken within 14 days.
Where can I get loan for my business development?
Execution of loan for business development is possible in any of the nearest branches of the Bank. Also in the branches you can receive all necessary information about loan terms and all required documents.
What are the benefits of getting a loan in Piraeus Bank?
Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 57.7 bln and total equity of EUR 4.3 bln. Established in 1916, Piraeus Bank today has presence in Greece, Ukraine, Romania, Bulgaria, Albania, Egypt, Serbia, Cyprus as Where can I get loan for my business development well as in the world financial centres of New York and London. Piraeus Bank S.A. leads Piraeus Bank Group, which consists of 10 banks and 21 companies covering the entire range of financial services.
In addition, Piraeus Bank provides favorable lending conditions (16% per annum in hryvnya ), flexible financing programs and individual approach to the clients. We strive to provide the most convenient banking products for each client, focusing on long-term cooperation.
0 800 30 888 0
(calls from fixed line phones within Ukraine are free).
Bank license ¹91 as of 17.10.2011
for calls from abroad
