Starting from 14 May, 2014, Piraeus Bank has introduced new interest rate for "Unsecured" overdraft product for SME businesses.
Current business needs funding could be at a fixed rate of 25% per annum. Overdraft is available up to 40% of the net income on current accounts. Continuous use of overdraft is amount to 90 days. Bank has simplified the process of financial analysis for this type of lending.
Pavel Grusha, Head of SME, noted that Piraeus Bank was constantly monitoring customers' needs and the Bank’s performance. SME business is a priority for the Bank. Therefore, the financial institution is in the process of continuous development and improvement of proposals as committed to providing excellent service to its customers. He also said that the "Unsecured" overdraft allows companies to get a limit of UAH 500 thousand.
For those clients who need short-term financing of working capital, Piraeus Bank offers "Beneficial interests" overdraft with the possibility to choose the type of interest rates and get a fast decision on funds granting.
For detailed terms of lending to SME business please follow the link on the official website of the Bank: http://www.piraeusbank.ua/en/sme_credits.html.
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