K&H warehouse loan

flexible financing secured by public warehouse receipts

  • warehouse loans are primarily secured by public warehouse receipts deposited with the Bank
  • quick, simple borrowing process
  • a financing ratio of up to 90%

Please contact your relationship manager or call K&H’s Corporate Customer Service (CCS) at

details

Short-term working capital financing secured by public warehouse receipts issued by a certified public warehouse. You don’t have to sell your cereal crop immediately after harvest; you can wait for the market to improve.

loan amount
  • the value of the goods determined by K&H Bank, multiplied by the financing ratio
  • the financing ratio may be as high as 90%
currency forint or euro
term

established based on the following criteria:

  • it cannot be longer than one year from the day when the goods are deposited in a warehouse
  • its date of maturity must be at least 15 days earlier than the expiry date of the warehouse receipt
  • the expiry date of the credit line may be for two years from the signing of the contract
  • it must be in line with the production cycle of the commodity held in the warehouse
  • its maturity must not be after the harvest time of the agricultural crop in question

The fees and commissions charged by the Bank in connection with lending are included in our prevailing announcement for corporate clients.

who is it recommended for?

  • Businesses using cereals
  • Crop producers
  • Integrators, cereal wholesalers

adapted to your needs

  • you can afford to wait for better market conditions before selling your crop
  • your business can access funds once your crop is deposited in a public warehouse
  • you can reduce your financing costs by providing warehouse receipts as collateral

you should know before you decide

  • K&H Bank requires that the goods be insured
  • additional collateral may be required from time to time
  • K&H Bank specifies the types of cereal eligible for warehouse financing and their qualitative and quantitative requirements
  • accredited certification bodies accepted by public warehouses are also accepted by K&H Bank
  • financing is based on the value of the goods determined by K&H Bank
  • the financing ratio is determined according to the decision of K&H Bank
  • warehouse loans can only be granted against warehouse receipts issued by public warehouses approved by K&H Bank

contractual terms, announcements

General Terms and Conditions
General Contractual Terms and Conditions for Active Corporate Banking Services (Credit, Loan, Bank Guarantee, Letter of Credit and Financial Leasing deals)
Announcement for Corporate Clients
  • There are two lending processes:
    1. The warehouse receipts are deposited with the Bank when the credit and collateral agreements are signed. Only warehouse receipts expiring on the same day and issued for the same commodity may be used as collateral.
    2. The warehouse receipts are deposited with the Bank on the disbursement of a loan. Only warehouse receipts expiring on the same day and issued for the same commodity may be used as collateral.
  • Disbursement: against the drawdown notice drawn up according to the approved financing ratio, following compliance with the disbursement preconditions. The amount is calculated from the approved financing ratio and the nominal value of the warehouse receipt used as collateral.

are you interested in other offers of K&H Bank?

K&H agricultural subsidy pre-financing loan

K&H agricultural subsidy pre-financing loan

Available for a wide range of agricultural subsidies even prior to submitting the application.

K&H investment loan

K&H investment loan

Medium and long-term forint and foreign currency loans for capital investment and projects to make your business grow.

This information does not constitute an offer, its sole purpose is to raise awareness.  A detailed description and terms and conditions of the product, service can be found in the relevant client agreement, the General Contractual Terms and Conditions for Active Corporate Banking Services (Credit, Loan, Bank Guarantee, Letter of Credit and Financial Leasing deals), the General Terms and Conditions, and the effective Announcement for Corporate Clients, which can be viewed under 'documents' on this page. The Bank reserves the right to modify the terms and conditions. The Bank will decide on the credit facility amounts and the availability thereof as well as on the collateral required at its sole discretion, in accordance with its own policies.