The soundness of your enterprise can be ensured also with a CitiBusiness Credit with Cash Collateral secured by your private savings. In this case we accept the amount deposited by yourself as a private person as a collateral of the credit of your enterprise.

What are the advantages of CitiBusiness Credit with Cash Collateral for your enterprise?

You can ensure the funding sources for your enterprise in the quickest possible way

After you have placed your private deposit on your private account opened with Citibank either in HUF or in foreign exchange, we will assess the credit solvency of your enterprise in a very short time, and after signing the agreement you can immediately draw the total amount of the credit.

Further advantages:

• You don't need to submit a business plan in relation to your enterprise.
• Credit interests and other commissions can be charged to the expenses of your enterprise.
• You can raise the amount of the credit or flexibly extend the term of the credit, of course depending on the deposit placed.
• Both the credit interest payable by your enterprise and the interest on your deposit received as a private person are calculable and plannable.

Why is the Credit with Cash Collateral good for you as a private person?

The whole range of the favourable account maintenance services of Citibank is available for you,

• You will receive an especially favourable interest on the amount of the deposit placed as a security of the credit;
• We offer you a private bank card to your private account free of charge;
• You can easily draw cash and purchase with your bank card free of charge;
• You can use our telephone customer service, CitiPhone Banking in 24 hours a day and dispose over your private accounts;
• Our branches are also at your disposal if you wish to use further private banking services.

What shall you do in order to make use of the above advantages?

1. As a private person you have to open a private account, as an enterprise you have to open a CitiBusiness current account in any branch of Citibank.
2. You shall place your private deposit on your private account opened with Citibank. It is important to know that you can collect your private deposit placed at favourable interest on the 5. day following the expiry of the term of the credit.

For further information, please turn to our CitiBusiness Bankers in the next available branch of Citibank, or call our CitiPhone Banking telephone customer service, where our professional bankers will be pleased to answer your questions.