ING Straight Loan
Bridge temporary cash needs
Can you foresee specific liquidity needs and how long you will need the money for? Then the ING Straight Loan is designed to bridge these temporary cash needs.
You can apply for an advance with a maximum term of 12 months.
Opportunity to extend
You can renew the advance at the end of the term.
Amount and term determined in advance
You determine the amount (minimum 125,000 euros) and the term (minimum 1 week and maximum 12 months) during which you can draw down the advance.
The ING Fixed Term Advance is a short-term advance where you determine the amount and term in advance.
You decide the amount (minimum 125,000 euros) and the term (minimum 1 week and maximum 12 months) during which you can draw down the advance.
The term of the advance lasts a maximum of 12 months with the option of renewing your contract. If at the end of the term you need money again, you can draw down new advances within the assigned credit line.
You repay the advance and interest in one go on the maturity date.
You pay administration fees which depend on the amount of the opening (or increase), quarterly dossier fees and a commission calculated on the loan granted. In addition to the interest rate, you pay charges for each drawdown depending on the amount of the advance. In the case of early repayment of an advance, a re-investment penalty is levied.