Loan Terms
This loan product is created with the aim of providing a private lending for micro and small enterprises (MSEs) and entrepreneurs who are registered on the territory of Republic of Macedonia.
Purpose of the loan:
- Working capital (purchase of raw materials, commodities trade or other material);
- Fixed assets (equipment, machinery, installations, constructions, renovation and modernization of operating facilities and production facilities and other investments).
Loan amount: Up to 50.000,00 EUR.
Interest rate:
- 6,5 % per year fixed, for short term loan, from 0,00 EUR up to 25.000 EUR;
- 6,5 % + 6m EURIBOR, for long term loan, from 0,00 EUR up to 25.000 EUR;
- 5,5 % per year fixed, for short term loan, from 25.001 EUR up to 50.000 EUR;
- 5,5 % + 6m EURIBOR, for long term loan, from 25.001 EUR up to 50.000 EUR.
Repayment period:
- up to 36 months for working capital;
- for fixed assets, not longer than 30.11.2024.
Grace period:
- up to 6 months for working capital;
- up to 12 months for fixed assets.
Repayment:
- Monthly installments and revolving for short term loans;
- Monthly installments for long term loans;
Processing fee:
- 0.5% of the amount of the loan once in advance for loans with tenor up to 12 months;
- 1% of the amount of the loan once in advance for loans with tenor more than 12 months.
Collateral: Combination of the following instruments: Mortgage on real estate, Pledge on movables and rights, Guarantors, Entities as a guarantors, other collateral acceptable to the Bank.
For additional information please contact us or visit your nearest branch / subsidiary.