About the bank Investor Relations

Loans

Transport Financing

In addition to other lending purposes, Rietumu specializes in transport lending. Loans are secured both by commercial vehicles (including transport vessels, commercial airliners and rolling stock) and business jets and private boats.

The review of an application takes up to two weeks upon submission of a complete package of documents.


General lending terms:

Loan type: loan
Loan amount: from EUR 2 million
Interest rate: as agreed upon by the parties
Period: up to 5 years
Repayment schedule: up to 10 years
Currency: USD, EUR
Loan purpose: acquisition of new or used transport vessels, commercial airliners and rolling stock; refinancing of loan liabilities; financing of working capital
Fee for loan application review: EUR 2000
Arrangement fee: 1% from the loan amount

Collateral:

• Transport vessels under 20 years’ old
• Commercial irliners under 20 years’ old
• Commercial and passenger railway cars and locomotives

The loan amount may reach 60% of the fair market value of the pledge

Additional collateral:

• Pledge of shares and assets of companies, personal and corporate guarantees

Additional terms:

• At least 3 years work in the business sector where lending is sought
• The company’s positive equity and profitability
• Availability of a cash flow sufficient to pay interest and principal
• Registration and insurance of pledges

Loan accommodation and its terms are considered by the Bank’s Loan Committee. A loan is accommodated only after the loan agreement and other documents have been signed and all prerequisites have been met.

General lending terms:

Loan type: loan
Loan amount: from USD 2 million
Interest rate: as agreed upon by the parties
Period: up to 5 years
Repayment schedule: up to 10 years
Currency: USD, EUR
Loan purpose: acquisition of new or used business jets and private boats; refinancing of loan liabilities; financing of working capital
Fee for loan application review: EUR 2000
Arrangement fee: 1% from the loan amount

Collateral:

• Business jets under 10 years’ old
• Private motor and sailing boats under 10 years’ old

The loan amount may reach 60% of the fair market value of the pledge

Additional collateral:

• Pledge of shares and assets of companies, personal and corporate guarantees

Additional terms:

• Availability of a cash flow sufficient to pay interest and principal
• Registration and insurance of pledges

Loan accommodation and its terms are considered by the Bank’s Loan Committee. A loan is accommodated only after the loan agreement and other documents have been signed and all prerequisites have been met.

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+371 67025555 Rietumu.Info
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