CreditingJoint-Stock Commercial Bank “TUSARBANK” issues credits to legal persons, who are on the calculation-cash service. Credit resources, as a rule, are issued for a period up to 1 year. Credits are issued in RF rubles, US dollars. Period of loan for every borrower is determined individually, it depends on uses of credit resources and provided security. Interest rate for Bank’s cash assets is set under the influence of macroeconomic conditions in the country, the cost of attracted resources and the size of RF Central Bank refinancing rate (rate). The credit is issued on a security of:
Short-term crediting Credits issued in RF rubles and US dollars from 1 to 12 months. Credit lines Credit line in rubles and foreign currency is a transfer of cash assets by installments (tranches) on the settlement account of the borrower as the need in money resources arises. Settlement account crediting for turnover (overdraft) Overdraft is a kind of crediting, intended for prompt circulating assets renewal when there is lack of such assets on the company’s settlement account. Overdraft is given to Clients, who works in the Bank at least 2 months with stable credit turnover, with lack of settlement account requirements and lack of overdue obligations. Overdraft limit is up to 50 % from average monthly credit turnover on the settlement account. Crediting term is up to 25 days The advantage of given crediting form:
Crediting with Bank’s bills of exchange In contrast to crediting in monetary form, credit with using notes of hand of Joint-Stock Commercial Bank “TUSAR” is a credit, issued for purchase of bills of exchange for the purpose of their successive use as pay means. Credit term is up to 1 year. The choice of credit plan and terms of credit with using bills of exchange is made individually for every concrete deal. The interest rate of acceptance credit is 5-10% per year in rubles. |



