COSME – Loans for permanent working capital with EIF guarantee
Based on Agreement signed with European investment fund (EIF), on 08.12.2016., Banca Intesa introduced new type of loans for working capital - COSME.
The essence of the new product is that each loan will be covered by the EIF guarantee in the amount of 50% of the loan.
In this way clients will be allowed to withdraw loans for working capital for a period longer than usual and without hard collateral.
Loan caracteristics:
| Eligible clients | -residents on the territory in which the Republic of Serbia has the full jurisdiction of the state and -for which it can be obtained the report of Credit Bureau of the Association of Serbian Banks, -who operate a minimum of 15 months |
| Client segment | Existing and new clients, MSMEs |
| Maturity | 30 - 36 months, |
| Grace period | 3 – 6 months |
| Loan amount | 10.000 - 150.000 EUR |
| Currency and exchange rate | EUR in dinar countervalue, median exchange rate |
| Purpose | Working capital |
| Disbursement | Transfer to the account of the client or the supplier of good or services |
| Repayment modality | Monthly installments |
| Minimum collateral | 8 promissory notes |
