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 loanRevolving loan – Biz Revolving in dinars
CurrencyRSD
Indexing criteriaNo indexing criteria
Loan amountUp to RSD 6,000,000
Repayment periodUp to 12 months
Interest rate
(at annual level)
16% fixed
Collateral
  • 6 (six) blank solo promissory notes signed and verified by the user, with authorization to realize the note + 1 for each additional year for repayments over 12 months
  • Guarantee – 2 (two) signed blank promissory notes by a natural person (owner, founder, or a 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 over 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

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 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 loanRevolving loan – Biz Revolving in dinars
CurrencyRSD
Indexing criteriaNo indexing criteria
Loan AmountRSD 5,000,000
Repayment period12 months
Monthly instalmentRSD 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 feeRSD 50,000
8 promissory notesRSD 400
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.