Medium-term loans are loans in the form of cash credit accounts.

Security in favour of Land Bank may consist of:

• Covering bonds over fixed and movable assets
• Notarial bonds over movable assets
• Cession of debtors
• Suretyship
• Cession over insurance policies
• Cession of unpaid share capital (co-operatives)

Typical Use
Over the years our corporate clients have found these medium-term loans invaluable for supplementing working capital.

Interest and costs
Interest rates and the cost of medium-term loans are determined as follows:

• The interest rate is nominal annual compounded monthly (NACM)
• Interest rates are not fixed and may be adjusted from time to time over the term of the loan, based on fluctuations in the money and capital markets.
• Structured repayment conditions apply
• There are no transaction costs.

Term
The term of medium-term loans and repayment is negotiable. They are usually for 3 to 8 years.