Biz Revolving Loan in dinars
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
Biz Revolving loan in dinars
| Type of loan | Revolving loan – Biz Revolving in dinars |
| Currency | RSD |
| Indexing criteria | No indexing criteria |
| Loan amount | Up to RSD 6,000,000 |
| Repayment period | Up to 12 months |
| Interest rate (at annual level) | 16% fixed |
| Collateral |
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| 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 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 | Revolving loan – Biz Revolving in dinars |
| Currency | RSD |
| Indexing criteria | No indexing criteria |
| Loan Amount | RSD 5,000,000 |
| Repayment period | 12 months |
| Monthly instalment | RSD 483,743.67 |
| Interest rate (at annual level) | 16% fixed |
| Effective interest rate (at annual level) | 17.45% |
| 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 |
| 8 promissory notes | RSD 400 |
| Credit Bureau statement | RSD 600 (for entrepreneurs) |
| Tax certificate (for entrepreneurs) | RSD 580 |