ING Bank Slaski has made available a new WIRON-based financing offer for entrepreneurs and housing communities, the bank said. It will include a credit line as well as a loan and an investment loan.
“Due to the WIRON variable interest rate structure, the interest rate for the business line of credit will change daily and interest will be charged monthly. For the business loan and the investment loan for housing communities, the variable interest rate will be based on the WIRON 1M Compound Rate. This means that the repayment schedule will change every month, taking into account the changing rate. This will translate into different instalments for the business loan and the investment loan each month,” the bank announced.
Loan applications registered before the date of introduction of the WIRON index to the offer will be processed without changes, i.e. the decision will be based on WIBOR and the interest rate in the agreement will be based on this index.
With the new offer, the bank is implementing the assumptions of the Roadmap published by the National Working Group on Reference Rate Reform for the process of replacing WIBOR with WIRON, it stressed.
Source: ING BSK and ISBnews
