Long-Term Loan Services in Poland

The contract involves providing a long-term loan of up to 5,700,000 PLN (five million seven hundred thousand Polish zloty) to finance a planned deficit of 2,678,800 PLN and to repay previously incurred loans and credits amounting to 3,021,200 PLN. The loan is an agreement where the bank provides a specified amount of money for a defined period and purpose, in exchange for interest and possibly fees. Key characteristics of the loan include its repayable nature, purposefulness, and cost. The repayment period and purpose must be clearly defined by the governing body according to applicable regulations. The loan's interest rate is based on the WIBOR 1M rate for the relevant month, plus a fixed bank margin that remains unchanged throughout the loan period. No other fees are anticipated. The currency of the loan is Polish zloty (PLN). For more details, visit the contract platform at TED.