Revolving Loan - Biz Revolving Loan Indexed in Euros

Revolving loan

Respond to everyday changes and challenges quickly and efficiently – maintain uninterrupted functioning and current liquidity of your company, and increase the extent of your operations.

  • Loan indexed in dinars or in euros
  • Repayment period up to 12 months

  • Key features
  • Representative example
Revolving Loan – Biz Revolving Loan Indexed in Euros
Type of loanRevolving Loan – Biz Revolving Loan Indexed in Euros
CurrencyRSD
Indexing criteriaLoan indexed in EUR
Loan amountUp to EUR 50,000 in dinar counter value at the NBS middle exchange rate on the day of the loan disbursement
Repayment periodUp to 12 months
Interest rate
(at annual level)
11% fixed
Collateral
  • 2 blank solo promissory notes signed and verified by the user, with authorization to realize the notes
  • Guarantee (2 signed blank promissory notes by a natural person including “without protest” clause)
  • 4 direct debit authorizations + 1 for every additional year of repayment
  • Guarantee of a related legal entity/entrepreneur, if any (2 promissory notes with authorizations, 4 direct debit authorizations + 1 for every additional year of repayment)
Expenses charged to the loan beneficiary’s account that are known at announcement and are calculated in the effective interest rate
Loan application fee

Up to 0.5% of the amount of each realized tranche or as single payment up to 1% of the entire approved amount

1 promissory note

RSD 50

Credit Bureau statementRSD 600 for entrepreneurs or RSD 1,440 for legal entities
Tax certificate (for entrepreneurs)RSD 580
Expenses charged to the loan beneficiary’s account that are not known at announcement

No additional charges

Representative example for clients, with the effective interest rate calculated on 28th September 2015
Type of loanRevolving loan – Biz Revolving indexed in euros
CurrencyRSD
Indexing criteriaLoan indexed in EUR
Loan AmountEUR 50,000
Repayment period12 months
Interest rate
(at annual level)
11% fixed
Effective interest rate (at annual level)12.32%
Expenses charged to the loan beneficiary’s account that are known at announcement and are calculated in the effective interest rate
Loan application feeEUR 500
8 promissory notesRSD 400
Credit Bureau statementRSD 600 (for entrepreneurs)
Tax certificate (for entrepreneurs)RSD 580
Other calculations regarding this product available in the bank branch offices with Small Business Advisors.