• Corporate clients
• Loans
• Lines of credit

Lines of credit

Credit line is a form of lending which refers to the amount of revolving credit that may be borrowed from the loan account up to a fixed limit of the line of credit. The credit line may be used for working capital replenishment, issuing guarantees and sureties or documentary transactions.

• Credit line may be opened in litas, euros of ES dollars.
• Credit line is extended for a period not longer than 2 years.
• Interest is payable every month.
• Until the final repayment term you may use the credit line according to your needs: to repay the used funds prior to maturity and borrow again, when necessary.
• With one credit line agreement you have access to several types of lending, i.e. a fixed amount may be used for working capital, for providing guarantees and sureties and for issuing documentary credits.

What documents are required?

The following documents shall be submitted when applying for a credit line with Ūkio bankas:

• Application for a loan(.doc);
• Credit use and repayment plan (scheme of operations) with copies of signed contracts and letters of intent;
• Financial statements for the previous three years and the last quarter of the current year with explanatory notes;
• Pledged property assessment statement (produced by property valuers cooperating with the Bank);
• Loan repayment security documents (mortgage, guarantees etc.);
• Other documents revealing the borrower’s, guarantor’s, mortgager’s and related parties’ financial and legal status or confirming the forecast of their business (full list of the documents is available in the bank.

Contact your company’s account service officer about the credit line. For more information on the procedure for extending credit line please call the nearest Ūkio bankas branch or send an enquiry via the internet.