VESTKHIM-UKRAINE

partner
«VESTKHIM-UKRAINE» LLC terms of cooperation
Loan type

renewable credit line

Loan duration

limit on renewable credit line — up to 12 months, tranche term — up to 60 days

Loan currency

UAH

Loan amount

without restrictions

We make decisions on loans

within 30 working days from the moment all documents have been submitted

In October 2014, LLC «VESTKHIM-UKRAINE», acting jointly with its UK-based partners, launched the production of concentrates for secondary polymer raw materials. The company commissioned a production line for highly filled chalk concentrate. The most popular product is a concentrate based on linear polyethylene with calcium carbonate content of 80 %. The product is marketed under PolyCarb VT-80 brand.

The loan is granted to the borrower by way of transfer of funds from the credit account to the current account of the borrower and then to the current account of LLC «VESTKHIM-UKRAINE».

Official website

 Borrower requirements:

  • Has been in continuous operation for more than 12 months.
  • Generating stable profits allowing the borrower to pay monthly instalments on the loan and to pay interest without negative consequences for the business; financial class of the borrower — at least 5.
  • Monthly payment on the loan plus interest — no more than 30% of the average proceeds from business activity (taking into account all previously assumed loan/lease commitments (including those to other banks).
  • A positive credit history (if any).
  • The borrower/guarantor should preferably own equipment, real estate, etc.
  • Guarantee of the owner (owners), which owns (jointly own) at least 51% of shares in the statutory capital of the borrower.

Guarantor requirements:

  • A good business reputation.
  • Absence of negative information on the guarantor in the Bureau of credit histories.

Loan commissions:

  • Loan issuance fee — from 0.5 % of the limit granted.
  • Commission for execution of the loan documents — UAH 1,000.

Cost of the item to be bought:

Property valuation is conducted by the department of valuation and pledge transactions

Collateral:

а) Immovable property (located in Ukraine only):

 

— housing fund (apartments, houses, cottages, etc.)

80 %

— non-residential premises (commercial, office, warehouse, cultural, entertainment real estate)

75 %

— land plots

75 %

b) Movable property:

— cars

80 %

— cargo transport

65 %

— passenger transport

65 %

— self-propelled agricultural machinery

65 %

— other transport (motor transport, special purpose transport, etc.)

65 %

c) Fixed assets (movable property):

— equipment/tools, etc.

65 %

d) Current assets:

— goods in turnover

60 %

— work in progress (raw materials, supplies, semi-finished products)

60 %

— finished goods

40 %

e) Property rights to funds placed on a deposit account with the bank.

The amount of the deposit should cover the amount of the principal plus the interest payable for 3 months.

Insurance:

One of the mandatory conditions for granting the loan is the insurance (annual) of the collateral by an accredited insurance company against inherent risks during the whole life-time of the loan agreement.

Loan/Principal repayment:

Tranche repayment — at least every 30 or 60 days.

Repayment of loan interest — on a monthly basis.

Conditions of financing:

Interest rate — from 14.5 % per year in UAH.