Lending

Novikombank offers a wide range of credit products for legal entities. Professional advice will help you choose a required format of credit product to match your business specifics as much as possible, and effectively use the borrowed resources to solve the tasks faced by the company. Credit limits are established based on a number of factors, such as the borrower’s requirements in financing confirmed by its business plans, its financial solvency, generated earnings, cash flow forecast for the period of the loan, credit history, etc.

Basic credit products

1. Credit lines
2. Loans
3. Overdrafts

Purpose and term of loans

• Short-term and mid-term financing of company working capital – up to 1 year;
• Mid-term financing of enterprises for large-scale contract implementation or purchase of additional equipment – over 1 year.

Currency of loans – Russian rouble, US dollar, euro.

Requirements for loan security

The Bank seeks to observe the general rule according to which loans should be collateralized by pledged property assets, guarantees of financially healthy companies and business owners. Loans secured by property assets are extended, if the following is available:

• expert evaluation of the collateral value;
• acknowledgement of its liquidity and possibility of realising title to the property assets;
• insurance of the collateral.

Any property meeting the following requirements may act as a collateral:

• perfect title of the pledger to the pledged property supported by documents, and availability of necessary licences and/or permits;
• during the term of loan the Bank should have the possibility of controlling the safety of the pledged property;
• property storage and/or operation conditions should provide its safety for the duration of the loan;
• insurance of the pledged property in the insurance company agreed with the Bank.

The estimated cost of collateral and the possible amount of the loan depend on individual risks and collateral liquidity of each loan transaction. The volume of loan security should cover the principal amount and interest for the whole life of the loan agreement.

Interest rates

The Bank sets loan interest rates on a case-by-case basis taking the following factors into consideration:

• solvency of the borrower;
• loan amount, maturity, conditions of interest payment;
• loan security;
• Bank and Borrower cooperation background;
• other banking products used by the Borrower.

The Bank provides for charging commission fees.

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