Credit line – is a formal agreement between the Bank and its borrower. According to the agreement, the Bank undertakes to provide its client with financial loans within a certain time interval, within the established credit limit.

The Bank’s credit line differs from other types of lending not only in the multiplicity of payments. The borrower with reliable financial provision has the right to repay the debt within specified period.

The terms for opening such a line in the Bank are selected individually. The main requirements: financial security and the ability to fully repay loans. The better the financial situation of the borrower, the higher the chance to get loans on the most favorable terms. The same principle applies here as for other types of accreditation: lower the Bank’s risks –lower the interest rate and more attractive the terms.

CB “CIBIT-BANK” LLC can provide its clients with a revolving and non-revolving credit line.

Revolving credit line

The most popular type of accreditation that is used in business. It is especially relevant for those types of activities that depend on the seasons. The definition of a revolving credit line refers to the conclusion of a loan agreement with a defined financial debt limit. The agreement regulates the relationship between the client and the creditor bank, and the possibility of such actions as pre-crediting and early repayment is agreed upon.

Non-revolving credit line

A simplified version of a revolving line, when an agreement is concluded on the possibility of opening a one-time credit line. There are no differences from a revolving credit line in terms of conditions of receipt, including the limit on one-time debt. However, the difference is significant and consists in the fact that debt repayment cannot restore the credit limit. That is, if the company used the amount, in tranches or one-time payment, it can repay the debt, but it will not restore the right to reuse the same loan

To register a credit product, you need to come to the Bank’s office for consultation with a specialist of the Credit Department. During the meeting, the Bank’s specialist will familiarize You with the list of documents required for obtaining a Loan, advise on their form and content, and answer all your questions, as well as provide an application form for obtaining a loan.

For more information, please call +7(840)229-41-83.