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Pobočky

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The following credit products are available to you, depending on your specific funding needs.

Purpose of loan:

  • The loan is intended for covering the delay between income and expenditure on the current accounts of towns, municipalities or major territorial units during the budget period.

Drawing the loan:

From the client’s current account to the amount of the approved overdraft facility

Term to maturity and loan repayment:

  • Pursuant to the Act on Budgetary Rules for Local Administration and on Changes and Amendments to Certain Acts No. 583/2004 Coll., loans must be payable by the end of the budgetary year from the regular budgetary income of the relevant municipality of town.
  • The loan is repaid in a single payment or by gradually decreasing the credit amount.

Fees:

  • Discounted fee for providing the loan
  • The fee for funds reserved but not provided is not applied.
  • The remaining fees are determined according to the pricelist of VÚB, a.s.

Loan security:

Minimum security:

  • The debtor’s blank bill along with an agreement on the right to draw on the blank bill, or
  • A notarial record of the executory right to the debtor’s assets

Optional security:

  • Right of lien to immovable or movable assets
  • Right of lien to receivables (from an account, insurance policy, towards clients)
  • Bank guarantee
  • Securities
  • Guarantee provided by a third party or other means

Conditions for providing a loan:

  • Documenting the ability to repay the loan, including interest and fees within the required term to maturity under the conditions agreed upon in advance,
  • Written confirmation issued and signed by the main auditor of the municipality/town/major territorial unit of compliance with all the conditions for receiving returnable funding sources pursuant to Act No. 583/2004 Coll.,
  • Purpose of the loan – the bank provides the loan to cover the operating needs of the municipality/town/major territorial unit,
  • Securing the loan with interests and fees,
  • Additional conditions depending on the character of the applicant’s business, knowledge and solvency (for example, obtaining a notarial record of an executory right to assets).

Required documents:

  • Written application for the loan, including additional attachments depending on the amount and type of the provided loan and type of business entity/applicant,
  • Confirmation of election of the mayor,
  • Confirmation or registration and allocation of an identification number,
  • Resolution and signed record of consent to the loan application, consent to loan security and issued notarial record or/and signed blank bill,
  • Detailed budget and accounting records for the last two budgetary years confirmed by an auditor and current records for the last half year,
  • Approved budget management plan of the municipality/town/major territorial unit for the relevant year,
  • Documents for securing the loan.

Purpose of the loan:

  • The loan is intended for covering the capital expenditures of municipalities/towns/major territorial units.

Drawing the loan:

Repeated drawing and repayment according to the current needs within the agreed credit amount and term to maturity.

Term to maturity and loan repayment:

  • The loan through which the bank finances capital expenditures of a municipality/town/major territorial unit must be repaid no later than 2 years from signing the Revolving Loan Contract.
  • The loan is repaid in a single payment or by gradually decreasing the credit amount.

Fees:

  • Discounted fee for providing the loan
  • The remaining fees are determined according to the pricelist of VÚB, a.s., except for the fee for funds reserved but not provided, which is not applied by the bank.

Loan security:

Minimum security:

  • The debtor’s blank bill along with an agreement on the right to draw on the blank bill, or
  • A notarial record of the executory right to the debtor’s assets

Optional security:

  • Right of lien to immovable or movable assets
  • Right of lien to receivables (from an account, insurance policy, towards clients)
  • Bank guarantee
  • Securities
  • Guarantee provided by a third party or other means

Conditions for providing a loan:

  • Documenting the ability to repay the loan, including interest and fees within the required term to maturity under the conditions agreed upon in advance,
  • Written confirmation issued and signed by the main auditor of the municipality/town/major territorial unit of compliance with all the conditions for receiving returnable funding sources pursuant to Act No. 583/2004 Coll.,
  • Purpose of the loan – the bank provides the loan to cover the operating needs of the municipality/town/major territorial unit,
  • Securing the loan with interests and fees,
  • Additional conditions depending on the character of the applicant’s business, knowledge and solvency (for example, obtaining a notarial record of an executory right to assets).

Required documents:

  • Written application for the loan, including additional attachments depending on the amount and type of the provided loan and type of business entity/applicant,
  • Confirmation of election of the mayor,
  • Confirmation or registration and allocation of an identification number,
  • Resolution and signed record of consent to the loan application, consent to loan security and issued notarial record or/and signed blank bill,
  • Detailed budget and accounting records for the last two budgetary years confirmed by an auditor and current records for the last half year,
  • Approved budget management plan of the municipality/town/major territorial unit for the relevant year,
  • Documents for securing the loan.

Purpose of the loan:

  • The loan is intended for financing the investment needs of towns, municipalities or major territorial units. This applies to purchases, modernisation, reconstruction or maintenance of movable or immovable investment assets (real estate, municipal machinery), purchase of IT and software, funding energy-saving projects, reconstruction of public lighting and heating technology, etc.

Drawing the loan:

In the form of one-off or gradual drawing on the funds against submitted invoices within their term to maturity payable to suppliers’ accounts or with the option of refunding invoices paid up to 3 months prior to signing the Term Loan Contract.

Term to maturity and loan repayment:

The maximum term to maturity of an investment loan is 20 years, depending on the project and the budget of the relevant municipality/town/major territorial unit. The investment loan is repaid:

  • By regular monthly or quarterly instalments of the principal according to the agreed payment schedule, or
  • By regular monthly or quarterly annuity instalments always on the 20th day of each or every third calendar month.

Fees:

  • Discounted fee for providing the loan
  • The fee for funds reserved but not provided is not applied.
  • The remaining fees are determined according to the pricelist of VÚB, a.s.

Loan security:

Minimum security:

  • The debtor’s blank bill along with an agreement on the right to draw on the blank bill, or
  • A notarial record of the executory right to the debtor’s assets

Optional security:

  • Right of lien to immovable or movable assets
  • Right of lien to receivables (from an account, insurance policy, towards clients)
  • Bank guarantee
  • Securities
  • Guarantee provided by a third party or other means

Conditions for providing a loan:

  • Documenting the ability to repay the loan, including interest and fees within the required term to maturity under the conditions agreed upon in advance,
  • Written confirmation issued and signed by the main auditor of the municipality/town/major territorial unit of compliance with all the conditions for receiving returnable funding sources pursuant to Act No. 583/2004 Coll.,
  • Purpose of the loan – the bank provides the loan to cover the operating needs of the municipality/town/major territorial unit,
  • Securing the loan with interests and fees,
  • Additional conditions depending on the character of the applicant’s business, knowledge and solvency (for example, obtaining a notarial record of an executory right to assets).

Required documents:

  • Written application for the loan, including additional attachments depending on the amount and type of the provided loan and type of business entity/applicant,
  • Confirmation of election of the mayor,
  • Confirmation or registration and allocation of an identification number,
  • Resolution and signed record of consent to the loan application, consent to loan security and issued notarial record or/and signed blank bill,
  • Detailed budget and accounting records for the last two budgetary years confirmed by an auditor and current records for the last half year,
  • Approved budget management plan of the municipality/town/major territorial unit for the relevant year,
  • Documents for securing the loan.

Under the Agreement on Cooperation between the State Housing Development Fund and VÚB, a.s., towns and municipalities may apply for the issue of a bank guarantee for securing loans taken out for the development of municipal rental apartments.

Advantages:

  • Security by a bank guarantee is accepted by ŠFRB,
  • The guarantee amount may be up to 100% of the unpaid loan principal without accessories
  • The guarantee is valid for the duration of the Contract on Establishing the Right of Lien to the benefit of ŠFRB for unfinished development or until the final building approval is submitted, usually within 36 months of issue of the guarantee.

How to proceed

  • The bank’s client fills in the form “Application for Issuing a Guarantee” at the relevant VÚB, a.s. branch or with its corporate advisor
  • The client submits the documents for approving the active transaction (such as a copy of a contract or order, accounting records) to the relevant VÚB, a.s. branch of its corporate advisor,
  • VÚB, a.s. concludes a contract on issuing a guarantee with the client (the client attaches this contract to their application for a loan submitted to ŠFRB),
  • Once the loan from ŠFRB is approved and all suspensory conditions are satisfied, VÚB, a.s. issues a bank guarantee in accordance with the application and sends it to ŠFRB or the client (as required).

Conditions for issuing a guarantee:

  • Current account administered by VÚB, a.s.,
  • Submitting the required documents, including the form “Application for Issuing a Guarantee” and concluding a contract on issuing a guarantee,
  • Payment of the processing fee.