COSME – Loans for Permanent Current Assets
Pursuant to the Agreement that the Bank entered into with the European Investment Fund (EIF) on 8th December 2016, Banca Intesa has introduced a new product - Loans for Current Assets - COSME.
The essence of this new product implies that each individual placement placed within the given program is covered with the EIF’s Guarantee – in the amount of 50% of the loan value.
This will provide the Clients with the possibility to draw the loan for the current assets for the period longer than usual and without any hard collateral. (Mortgage, Pledge.)
| The Features of the Loan: | |
| The Clients who can use this product | The Clients who can use this product are the Clients Residents having the address of the headquarters at the territory of the Republic of Serbia and the full official authority, as well as the Clients for whom the Credit Bureau Statement can be provided via theAssociation of Serbian Banks. Another requirement is business operation in duration of minimum 15 months and the credit ability for the loan use. |
| The segment of Clients | Existing and New Clients of the Bank, entrepreneurs and legal entities comprised within the segment of small and medium sized enterprises. |
| The period for which the loan is approved | 30 - 36 months, |
| Grace period | 3 – 6 months |
| The maximal amount of the individual loan | EUR 10,000 - 150,000 |
| The amount of deposit | participation without the compulsory participation |
| The currency in which the loan is approved and the type exchange rate | EUR exchange rate in dinar counter value – Calculation is executed according to the official middle exchange rate of the NBS on the day of loan release |
| The purpose of the loan | Procurement of the Current Assets |
| Methods of disbursement | Transfer of funds to the account of the loan beneficiary in equal monthly instalments or to the account of the seller / service provider |
| Methods of loan repayment | Equal monthly instalments in dinar counter-value by application of the official mean exchange rate of the National Bank of Serbia on the day of instalment repayment |
| Minimal collateral | Minimal collateral is 8 blank single bills, signed and verified by the beneficiary, with the authorization for use; |
