Revolving loan is renewable loan assigned for financing your current business needs. It is a good solution for companies, which cannot count on regular inflows from counterparties and would like to defer their own liabilities in time.
Interest on the used loan is repaid monthly on the last working day of a month, while you can repay principal at any time during validity of the loan agreement, as may be convenient for your business. The principal can be repaid in a single transfer or by using standing orders.
- You keep financial liquidity even in a situation of temporary payment crunch.
- Control the debt level yourself and decide when to repay principal. You can plan current expenses without fear ― thanks to permanent access to the granted loan you can pay your liabilities on time.
- You can reuse the repaid amount even many times within the granted loan amount.
- You can use the loan whenever and wherever you want – current information and control of debt service cost is always possible with use of the Millenet internet banking system.
- Under one agreement you may flexibly use even several loan products at the same time (multi-product line).