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Yes.
Lombard loan
You need cash, but you wish to preserve your savings? Use lombard loans!
A lombard loan is a general-purpose cash loan based on a pledge of fixed-term savings that allows the payment of cash while realizing yield in the form of interests.
Benefits
- Favourable interest rate
- No additional collaterals
- The possibility of paying the fee from the loan
- No age limit
- Flexible loan repayment (different types of repayment) with the possibility of repayment at once
- The possibility of early repayment of the loan from the funds pledged as collateral (e.g. deposit) at any time, free of charge
Arrangement
The period is rather short, a few days at the latest.
Yes.
The approved lombard loan term cannot be longer than the expiration date of the loan collateral. In case a fixed term deposit is serving as collateral, the term of the granted loan will not be longer than the expiration date of the fixed term deposit.
Use
A lombard loan is intended for clients who are in need of extra cash in relatively short time, and who already have term deposits in the Bank or the option to use a third party deposit for raising a lombard loan.
Early final loan repayment is possible at any time during the loan repayment period, free of charge.