Leasing and Factoring

Price List of Services for Legal Persons

Price List of Services provided by company Citadele Lizings un Faktorings (‘the CLF’)1

Commission Fees Related to Leasing

1.1 Review of leasing application/amendments to the leasing contract Free of charge
1.2.1 Preparation of documents for a leasing transaction (where financing for the leasing object is not in excess of EUR 5,000) 42 EUR + VAT
1.2.2 Preparation of documents for a leasing transaction (where financing for the leasing object exceeds EUR 5,000) 1.5% of the purchase price of the leasing object, min. EUR 75 + VAT
1.3 Preparation, completion, coordination of documents (agreements, contracts, requests, applications, statements etc.) in connection with refinancing a leasing transaction with another financial institution 1.5% of the outstanding leasing amount, min. EUR 75 + VAT
1.4 Early repayment of leasing 1.5% of the outstanding leasing amount, min. EUR 75 + VAT
1.5.1 Renewal of the leasing contract on client’s initiative2 (where the leasing object has not been taken over by the CLF into its possession) EUR 205 + VAT
1.5.2 Renewal of the leasing contract upon client’s initiative2 (where the leasing object has been taken over by the CLF into its possession according to CLF's instructions and placed at the designated place) EUR 340 + VAT

Effective from 22 February 2016.

 

Commission Fees for Amendments to the Leasing Contract

1.6 Amendments to the leasing contract and/or payment schedule and/or refinancing documents or other documents related to a leasing transaction (changes to leasing maturity, changes to the interest rate etc. upon client’s initiative) not provided for separately in the Price List EUR 95 + VAT
1.7 Changes to the composition of collateral EUR 110 + VAT

Effective from 22 February 2016.

 

Commissions for Loans to Legal Persons3

1.8 Review of loan application/amendments to the loan contract Free of charge
1.9 Completion of loan transaction 1.5% of the total loan amount, min. EUR 75
1.10 Refinancing of loan with another financial institution (agreements, contracts, requests, applications, statements etc.)9 1.5% of the total loan amount, min. EUR 75
1.11 Early loan repayment 1.5% of the total loan amount, min. EUR 75

Effective from 22 February 2016.

 

Commission Fees for Amendments to Loan Transaction Documents3

1.12 Amendments to the loan agreement and/or other documents related to the loan transaction8 1% of the loan amount granted and outstanding, min. EUR 75
1.13 Amendments to the loan repayment and/or interest payment procedure without changing the maturity date, change of the interest rate8 EUR 115
1.14 Changes to mortgages forming part of collateral and registered with public registers, incl. change of the pledger, replacement of collateral with another etc:8
1.14.1 Immovable property 0.1% of the loan amount with the total number of mortgaged objects in respect of which changes are made (min. EUR 100)
1.14.2 Other types of collateral EUR 75 per object of collateral in respect of which changes are made

Effective from 22 February 2016.

 

Commission Fees for Other Services Related to Leasing/Loan Transactions

1.15 Statement on the Absence of Indebtedness EUR 15 + VAT
1.16 Statement on the Fulfilment of Obligations (performance of leasing/loan obligations, payments, interest paid etc.) EUR 20 + VAT
1.17 Preparation of other non-standard statements4 EUR 40 + VAT
1.18 Production of a copy, duplicate upon client’s request (for one document) EUR 6 + VAT
1.19 Preparation of a power of attorney for a leasing transaction5 EUR 15 + VAT
1.20 Preparation of other legal instruments for a transaction upon client’s initiative6 EUR 70 + VAT
1.21 Preparation of documents in a foreign language (English or Russian) upon client’s request As agreed
1.22 Sending an invoice/payment schedule by post EUR 1.50 + VAT
1.23 Sending other documents by post Actual costs + EUR 8 + VAT
1.24 Car inspection at a Citadele Banka branch for cars with the purchase price up to EUR 17,0007. (The commission for inspection is charged regardless of whether the financing transaction is completed or not. An inspection certificate is intended for internal use only and is not issued to the client.) EUR 20 + VAT
1.25 Commission for completion of a debt repayment agreement EUR 30 + VAT

Effective from 01 December 2017.

 

Commission Fees for Factoring

2.1. Review of factoring application/changes to the factoring contract Free of charge
2.2 Preparation of documents for a factoring transaction Starting from 0.5% of the factoring limit, min. EUR 360 + VAT

Effective from 22 February 2016.

 

Commission Fees for Amendments to the Factoring Contract

2.3 Extension of the factoring contract maturity date10 Starting from 0.5% of the factoring limit, min. EUR 360 + VAT
2.4 Increase of the factoring limit10 Starting from 0.5% of the factoring limit, min. EUR 145 + VAT
2.5 Examination of client’s limit (for every new client or in case of changes to the limit of an existing client) under a factoring agreement (with recourse)10 EUR 40 + VAT
2.6 Completion of other amendments to the factoring contract10 EUR 95 + VAT
2.7 Examination of insured client’s limit (for every new client or in case of changes to the limit of an existing client) under a factoring agreement (with insurance of debtor risks) EUR 65 + VAT
2.8 Processing of invoices under a factoring contract, with recourse 0.2-0.5% of the invoice amount, min. EUR 7 + VAT
2.9 Processing of invoices under a factoring contract, with debtor risk insurance 0.5-0.8% of the invoice amount, min. EUR 7 + VAT

Effective from 22 February 2016

 

Commission Fees for Other Services Relating to Factoring Transactions

2.8. Statement on the Fulfilment of Obligations (fulfilment, procedure of performance, interest paid etc.) EUR 30 + VAT
2.9 Preparation of a non-standard statement (incl. statements for auditors)4 EUR 40 + VAT
2.10 Production of a copy, duplicate upon client’s request (for one document) EUR 6 + VAT
2.11 Preparation of other documents for a factoring transaction EUR 70 + VAT
2.12 Preparation of documents in a foreign language (English or Russian) upon client’s request As agreed
2.13 Sending of documents by post Actual costs + EUR 8 + VAT

Effective from 22 February 2016.

 

1 Effective from 22 February 2016. All commission fees listed in the Price List for CLF Services are merely informative and subject to change.
2 No additional commission fee will be charged in case if any amendments are made to the contract upon its renewal.
3 For loan transactions implemented under the RD (Rural Development) Project.
4 The commission fee may be increased and determined on an individual basis in case of non-standard statements containing more than two pages.
5 If the document requires no certification or preparation by a notary public.
6 The commission fee may be increased in individual cases.
7 Following the submission of a leasing application to the CLF, the car may undergo inspection at any branch of Citadele Banka, subject to the approval of the inspection time over the phone (+371 6 777 8777).
8 A single commission fee (the largest one) will be charged in case of simultaneous occurrence of several conditions specified in Article 1.12 and/or 1.13 and/or 1.14.
9 The commission fee specified in Article 1.11 or in the leasing/loan contract, respectively, will be charged concurrently
10 A single commission fee (the largest one) will be charged in case of simultaneous occurrence of several conditions specified in Article 2.3 and/or 2.4 and/or 2.5 and/or 2.6.