Budget loans

The basic provisions of the budget crediting

1. The budget crediting is a process that involves the decision-making procedures on the provision, use, servicing and repayment of the budget loan.
2. The credit agreement is an agreement between the lender, the administrator of budget program and the borrower, establishing the relationship of the parties in the provision, use, servicing and repayment of the budget loan.
3. The budget loans are not granted for the purposes of participation in the authorized capital of legal entities, covering the losses of economic activities of the borrowers and to the payment of fees to attorneys (agents).
4. The budget loans are subject to the following conditions:

      1) the absence of tax debts;

      2) the availability to enforce the obligations of the borrower under the budget loan;

      3) lack of an overdue debt of the borrower on earlier granted budget credits.