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Promise of Credit

Promises of credit are intended for natural persons – entrepreneurs and legal entities. They are suitable for clients who are participating in public tenders, selection procedures, investment plans supported by EU funds, where sufficient financial coverage for the project have to be substantiated in advance.

 


Benefits

With a promise of credit you can secure your participation in public tenders, selection procedures, where sufficient financial coverage for the project have to be substantiated in advance.

Other benefits include:

  • authorization to use a credit limit promised by the bank, after the bank conditions have been met,
  • the possibility of not using the credit limit in the case of sufficient private resources,
  • more simple contractual documentation compared to the contractual documentation for credit,
  • quicker processing with no need to sign security agreements.

 

Get acquainted

Promises of credit are issued for specific projects, public tenders, selection procedures, ... The promise includes the conditions under which the bank will provide the credit limit.

Parameters of promises of credit:

  • correspond to the parameters of the specific credit product (special purpose loan) – see related products.

 

Terms of use

An business account at ČSOB. Along with the application it is necessary to submit:

  • Documentation corresponding to the special purpose loan – see related products,
  • Public tender, selection procedures or business case terms – of which purpose is promise issued.
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