OREANDA-NEWS. June 26, 2012. Universal Bank offers a new product for small businesses - a credit line secured by deposit of an individual. This product allows small business representatives to effectively accelerate the development of their companies without diverting funds from their own businesses and not losing interest on deposits!

Since Universal Bank consistently follows the strategy of partnership support of small business in Ukraine, it provides new loan product with really loyal terms to businesses. So the limit of credit line is up to 97% of the deposit amount, while the deposit is the only pledge on the provided credit line.

The interest rate on this loan is reduced and consists of the deposit rate on individual’s deposit plus minimal margin of the bank. No monthly commissions and no additional costs are applied, and now Universal Bank even offers to small businesses to set the limit of the credit line with 0% upfront fee, so the clients are completely free of any expenses for loan rendering.

"We continue to implement advantageous credit programs for small businesses because we understand their need for development which is possible only under favorable financing terms. Credit line for small businesses secured by private individual’s deposit is a really simple and convenient solution for business owners "- said Michail Bogomazov, Head of Small Business Department at Universal Bank.