Loans

OTP Bank and the Bank Group offer forint and foreign currency loans to help your company to achieve your goals successfully and profitably. Loans are available in HUF, EUR, USD, CHF and GBP. Depending in financing needs, we offer the following loans.


Overdraft

Does the company have recurrent liquidity problems or unexpected expenses? An overdraft facility, a most flexible product is the solution. Overdraft is linked to the company’s cash flow account so access to it is ensured at any time. The income transferred to the cash-flow is used to pay off the loan thus less in interest is to be paid.

Terms and conditions

  • Term: short-term


Working capital loan

When the company’s income fails to cover short-term expenses a shortage of funds might occur. If the company expect such shortage to materialise on several occasions a year a revolving facility can be requested.

  • enables the company to temporarily build its inventory, serve its clients immediately and increase business volume.
  • may be used for advancing working capital loans granted in EU tendering procedures and paid subsequently as well as for VAT financing.
  • helps finance production.
  • The revolving working capital loan adjusts to the company’s momentary borrowing requirements.

Terms and conditions

  • Term: short-term


Capital investment loan

OTP Bank’s capital investment loan can be used for financing the purchase and construction of  premises and purchasing necessary equipment and machines.

How does it benefit the company?

  • The capital investment loan can be used for any development activity.
  • In order to be able to implement the development in question own fund is required.
  • The loan increases the company’s competitiveness.
  • The disbursement and repayment of the loan adjust to the implementation of the development and the generation of income from the development.
  • A working capital to finance VAT linked to the development can be requested.

Terms and conditions

  • Term: maximum 8 years
  • Grace period: maximum 1 year (during the term)


Securities collateral loan

Does the company need cash urgently? Have the company tied up its freely available funds, investing them in state securities or “Generáció” life insurance? The company does not need to liquidate your investments, by utilizing Securities collateral loan

How does it benefit the company?

  • A Securities collateral loan is a general purpose loan.
  • The company only needs to submit a simplified loan application.
  • No Tax Authority certificate or business plan is required.
  • No loan appraisal or commitment fee is charged.
  • A Securities collateral loan can be used for all EU tenders: for preparing a loan application, supplementing own funds and/or the prefinancing of the grants or subsidies.
  • The pledgor may differ from the borrower.


Eligible collateral

  • HUF or FX deposits
  • OTP Garancia Insurance Company’s Generáció insurance
  • Bonds and government securities
  • OTP investment funds

Terms and conditions

  • Term: subject to the company’s requirements concerning the Securities collateral loan and the maturity date of the securities and balance in credit, it may be short or long term.


Securities collateral loan with a fixed interest margin

A Lombard granted with a fixed interest margin is a special version of the traditional Securities collateral loan. If you or the company places HUF or FX deposits, the company may obtain a loan with such deposits placed as coverage at a pre-agreed interest differential.

How does it benefit your company?

  • A Securities collateral loan with a fixed interest margin has all the advantages of the traditional loans secured on deposit collateral.
  • It is also suitable for paying off a member’s loan.
  • It enables you to plan your expenses in advance.

Terms and conditions

  • Term: renewable, fixed for 1 month
  • Loan amount: HUF 1 Million


Loan for the purchase of shareholding

The loan for the purchase of shareholding facilitates the acquisition of ownership or increase in the ownership share of resident and non-resident natural persons and resident companies in a given business entity.

The loan may be used only for acquiring majority ownership (having at least 51% of the votes) or for owners with an existing ownership share to become majority owners (having at least 51% of the votes).


Criteria applicable to the entity to be purchased it

  • should be an unlisted business entity,
  • is either a limited liability company (Kft.) or a company limited by shares (Rt.)
    (except public limited companies),
  • has been operating 2 years.

Terms and conditions

  • Own funds: at least 30%
  • Term: 2 - 10 years


Fixed rate loan below HUF 300 million

Fixed rate loan for capital investment and permanent current asset financing with a maturity of over one year. The interest rate remains unchanged during the term, which provides protection against interest rate fluctuations and makes financial planning for your company easy.

How does it benefit the company?

  • It makes interest expenses predictable during the entire term of the loan.
  • It provides protection against rising interest.

Terms and conditions

  • Loan amount: HUF 10 to 300 million or its equivalent in foreign currency
  • Term: min. 1 year, max. 5 years with a 2-year grace period


Fixed rate loan over HUF 300 million

Fixed rate loan for capital investment and permanent current asset financing.

OTP Bank provides the loan at a variable rate; however, once – at any time –during the term, the interest rate can be changed to fixed rate provided that the conditions below are met. Interest may be fixed if

  • the entire amount of the loan has been disbursed;
  • the outstanding principal is at least HUF 300 million or its equivalent in foreign currency, and
  • the length of duration is at least 2 years.

The Bank ensures fixed rate interest through interest rate swap transactions.

How does it benefit your company?

  • A fixed rate loan hedges risk of interest fluctuation.
  • It makes interest expenses predictable during the entire term of the loan.
  • You need not decide in advance on what loan you wish to take out: fixed or variable rated; furthermore, you can change the arrangement during the term.

Terms and conditions

  • Available currencies: HUF, EUR, USD, CHF
  • Loan amount: at least HUF 300 million or its equivalent in foreign currency
  • Term: min. 1 year, max. 10 years with a 2-year grace period
  • Principal repayment: semi-annually or annually on the last banking day of the calendar half year
  • Interest payment: semi-annually, on the last banking day of the calendar half year
  • Variable rate: BUBOR/EURIBOR + margin
  • FiFixed rate interest: on a case-based offer
  • Other fees: as per the Public Announcement
 

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If you have any questions, you can contact us by e-mail at information@otpbank.hu!

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