Liquidity Loan - Biz Minus
Allowed overdraft on the company’s account
Biz Minus loan is an excellent solution for all those who need to overcome short-term imbalance in inflow/outflow in their day-to-day operations, or who temporary lack funds for tax payments, covering debts toward suppliers and covering administrative expenses, but expect money inflow shortly.- Loan indexed in dinars
- Repayment period up to 12 months
- Simple and quick approval procedure
- Key features
- Representative example
Liquidity Loan – Biz Minus
Type of loan | Liquidity Loan – Biz Minus |
Currency | RSD |
Indexing criteria | No indexing criteria |
Loan amount | Up to RSD 6,000,000 |
Repayment period | 6 or 12 months |
Interest rate (at annual level) | 24% fixed |
Collateral |
|
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 promissory note | RSD 50 |
Credit Bureau statement | RSD 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 loan | Liquidity Loan – Biz Minus |
Currency | RSD |
Indexing criteria | No indexing criteria |
Loan Amount | RSD 5,000,000 |
Repayment period | 12 months |
Interest rate (at annual level) | 24% fixed |
Effective interest rate (at annual level) | 25.62% |
Expenses charged to the loan beneficiary’s account that are known at announcement and are calculated in the effective interest rate | |
Loan application fee | RSD 50,000 |
4 promissory notes | RSD 200 |
Credit Bureau statement | RSD 600 (for entrepreneurs) |
Tax certificate (for entrepreneurs) | RSD 580 |