Do you need a product to help you in your relationships with your business partners? If you carry out an activity that involves the frequent issuance of guarantee instruments (letters of guarantee, letters of credit, cheque endorsements) then opt for the non-cash account limit from OTP Bank. Financing is less expensive, without the need of immobilization of your financial resources.
What are the advantages of the non-cash account limit?
It is granted for a period of maximum 36 months;
It has a revolving character, and can be used in one or more drawdowns, according to the destination it was granted for; thus, as the validity of the guarantee commitments expire, an available fund is created under this account limit and it can be used for new drawdowns, without exceeding, however, the value and validity agreed by the loan contract;
The period of use (drawdown) is of maximum 12 months.