Medium-term loans are loans in the form of cash credit accounts.

 

Security in favour of Land Bank may consist of:

• Covering bonds over fixed and movable assets

• Notarial bonds over movable assets

• Cession of debtors

• Suretyship

• Cession over insurance policies

• Cession of unpaid share capital (co-operatives)

 

Typical Use

Over the years our corporate clients have found these medium-term loans invaluable for supplementing working capital.

 

Interest and costsInterest rates and the cost of medium-term loans are determined as follows:

 

• The interest rate is nominal annual compounded monthly (NACM)

• Interest rates are not fixed and may be adjusted from time to time over the term of the loan, based on fluctuations in the money and capital markets.

• Structured repayment conditions apply

• There are no transaction costs.

 

Term

The term of medium-term loans and repayment is negotiable. They are usually for 3 to 8 years.