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 loanLiquidity Loan – Biz Minus
CurrencyRSD
Indexing criteriaNo indexing criteria
Loan amountUp to RSD 6,000,000
Repayment period6 or 12 months
Interest rate
(at annual level)		24% fixed
Collateral
  • 2 (two) 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)
  • Guarantee of a related legal entity/entrepreneur, if any (2 blank solo promissory notes with authorizations, signed and verified by the user)
Expenses charged to the loan beneficiary’s account that are known at announcement and are calculated in the effective interest rate
Loan application fee
  • For a 6-month repayment period – 0.5% of the approved amount as single payment prior to the loan realization.
  • For a 12-months repayment period – 1% of the approved amount as single payment prior to the loan realization.

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 loanLiquidity Loan – Biz Minus
CurrencyRSD
Indexing criteriaNo indexing criteria
Loan AmountRSD 5,000,000
Repayment period12 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 feeRSD 50,000
4 promissory notesRSD 200
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.