Long - term credits are granted for:

• Purchase of movable or real property;
• Financing of construction works;
• Financing of other business development projects.

Conditions for granting long-term credits:

• Credit period – as agreed;
• Credits are granted in litas, USD and euros;
• Interest rate for long - term credits shall be determined according to LIBOR / EURIBOR / VILIBOR base rates, to which the bank’s interest margin is added;
• Credit can be repaid to the bank in equal or variable portions under a schedule agreed between the client and the bank and laid down in credit agreement;
• Postponement of credit repayment till the date of completion of investment project can be laid down, when acceptable to you;
• To secure repayment of credit, you can pledge real or other property or submit guarantees from Žemės ūkio paskolų garantijų fondas UAB (Rural Credit Guarantee Fund) or Investicijų ir verslo garantijos UAB (INVEGA). Real or movable property offered as security shall be assessed by property valuators.

How the Long-Term Credit Can Be Obtained?
If you have decided to take a credit, please call information phone number and agree on meeting with a specialist of the bank or fill a request / application and visit the nearest client servicing divisions or branch for consultations. It is necessary to have the documents specified in the application.

If the bank makes positive decision, the credit shall be granted after making a credit agreement and after registration of property mortgage under procedure laid down in LR laws (or after execution of other documents securing repayment of the credit).

Credit line means that a customer is granted with the right to repay to the bank entire credit or a part thereof and to take the entire credit or a part thereof again, not exceeding the maximum credit limit as specified in agreement.

Conditions for granting the credit line:

• Credit line period – up to 2 years;
• Credits are granted in litas, USD or euros;
• Fixed or floating interest rate can be chosen. The floating rate shall be determined according to LIBOR / VILIBOR base interest rates, to which the bank’s interest margin is added;
• Repayment of the credit line shall be assured with real or movable property or guarantees.

Credit to finance current assets means a one - time credit granted to supplement current assets of a company.

Conditions for granting credits for financing of current assets:

• Credit period – up to 3 years;
• Credits are granted in litas, USD or euros;
• Fixed or floating interest rate can be chosen. The floating rate shall be determined according to LIBOR / VILIBOR base interest rates, to which the bank’s interest margin is added;
• Credit can be repaid to the bank in equal or variable portions under a schedule agreed between the client and the bank and laid down in credit (credit line) agreement;
• To secure repayment of credit, you can pledge real or other property or submit guarantees from Žemės ūkio paskolų garantijų fondas UAB (Rural Credit Guarantee Fund) or Investicijų ir verslo garantijos UAB (INVEGA).

How the Credit Line or Credit for Financing of Current Assets Can Be Obtained?
If you have decided to take a credit, please call information phone number and agree on meeting with a specialist of the bank or fill a request / application and visit the nearest client servicing divisions or branch for consultations. It is necessary to have the documents specified in the application.

If the bank makes positive decision, the credit shall be granted after making a credit agreement and after registration of property mortgage under procedure laid down in LR laws (or after execution of other documents securing repayment of the credit).

Account crediting is a form of crediting when, under account crediting agreement (hereinafter referred as agreement) entered between the bank (hereinafter referred to as the bank) and the customer (hereinafter referred to as the customer), the customer becomes entitled, under conditions laid down in the agreement, to hold a balance due of the bank account (hereinafter referred to as the account). The account crediting is available to legal persons only.

Balance limit means a maximum debit account in the customer’s account as laid down in the agreement.

One - time account credit means the account balance or a part thereof (a monetary amount), paid by the bank to the customer according to an additional agreement, as appended to the agreement, on provision of one - time account credit.

Account limit period means the period established for the customer, when he can use the account limit or a part thereof for a certain number of days in sequence.

Conditions for provision of the account crediting:

• Account crediting is available to legal persons only;
• Maximum account limit cannot be higher than 40 % of average one - month circulation in the customer’s account, calculated according to circulation of last six months.

How the Account Crediting Can Be Obtained?
If you have decided to use the account crediting, please call information phone number and agree on meeting with a specialist of the bank or fill a request / application and visit the nearest client servicing divisions or branch for consultations. It is necessary to have the documents specified in the application.

If the bank makes positive decision, the credit shall be granted after making a credit agreement and after registration of property mortgage under procedure laid down in LR laws (or after execution of other documents securing repayment of the credit).

Factoring is a form of short - term crediting, when customer transfers to the bank the monetary claims under his invoices for products sold or services provided to his buyers, and the bank, by purchasing the monetary claims of the customer to his buyers, pays to the customer the factoring advance payment according to invoice produced.

Benefit to the seller:

• The seller can obtain funding without pledging its property;
• The seller can offer its buyers more favorable settlement conditions and longer periods of payment;
• The seller can save monetary funds by using discounts from suppliers for earlier payment.

Benefit to buyer:

• Buyer can obtain longer period of deferred payment;
• Simpler settlement with the seller (in a specified form and with fixed payment period).

The bank establishes the factoring and buyer’s limit.

Factoring limit used (determined maximum amount of debts of buyers to the customer) is calculated as sum of all the factoring advance payments paid to the customer according to submitted invoices.

The buyer’s limit means an established maximum amount for one buyer, within which the bank pays to the customer the factoring advance payment.

Conditions for granting the factoring service:

• Period of factoring agreement – max. 12 months;
• Percentage of the factoring advance payment is up to 90% of the invoice amount;
• Period of deferred payment – up to 90 calendar days (can be longer if agreed by the parties).

How Can the Factoring Service Be Obtained?
To get the factoring service, please call information phone number and agree on meeting with a specialist of the bank or fill a request / application and visit the nearest client servicing divisions or branch for consultations. It is necessary to have the documents specified in the application.

If the bank makes positive decision, the factoring limit shall be granted after making a factoring agreement.

Medicinos Bankas acceptable by property valuators list.