Biz Obrt in dinars

Loan for financing of working capital

Finance the procurement of raw materials, ready-made products and goods with longer repayment and grace periods, and flexible collateral.

  • Loan in dinars or indexed in euros
  • Repayment period up to 24 months
  • Grace period up to 6 months
  • Repayment in equal monthly instalments
  • Simple and quick approval procedure

  • Key features
  • Representative example
Type of loanBiz Obrt loan in dinars
CurrencyRSD
Indexing criteriaNo indexing criteria
Loan amountUp to RSD 18,000,000
Repayment periodUp to 24 months
Interest rate
(at annual level)		14% fixed
Collateral
  • 6 (six) blank solo promissory notes signed and verified by the loan’s beneficiary, with authorization to realize the note + 1 for each additional year for repayments exceeding 12 months
  • a guarantee agreement – 2 (two) signed blank solo promissory notes by a natural person (owner, founder, or director), including “without protest” clause
  • a guarantee by related legal entities/entrepreneurs, if any (6 promissory notes with authorizations + 1 for each additional year for repayments exceeding 12 months)
Expenses charged to the loan beneficiary’s account that are known at announcement and are calculated in the effective interest rate
Loan application fee

1% of the loan amount in dinar counter value at official middle exchange rate of the National Bank of Serbia on the day of loan disbursement, as a single payment prior to loan realization

1 promissory note

50 RSD

Credit Bureau statementRSD 600 for entrepreneurs or RSD 1,440 for legal persons
Tax certificate
(for entrepreneurs) 		580 RSD

Expenses charged to the loan beneficiary’s account not known at announcement

No additional charges

Representative example for clients, with the effective interest rate calculated on 28th September 2015
Type of loanBiz Obrt loan in dinars
CurrencyRSD
Indexing criteriaNo indexing criteria
Loan amountRSD 15,000,000
Repayment period24 months
Monthly instalmentRSD 721,660.14
Interest rate
(at annual level)		14% fixed
Effective interest rate
(at annual level)		16.36%
Expenses charged to the loan beneficiary’s account which are known at announcement and are calculated in the effective interest rate
Loan application feeRSD 150,000

9 promissory notes

RSD 450

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.