Micro Loans of General Purposes

Purpose: financing in working capital, purchase of equipment and vehicles, reconstruction and construction of business premises

Amount: from EUR 2,000 - EUR 20,000

Term:

• up to 60 months for loans secured with company and owner promissory notes, deposit of min. 20%, guaranty of private individual or legal entity, guarantor
• up to 84 months for loans secured with mortgage on residential or office real estate

Grace Period: up to 12 months

Interest Rate: for loans with currency clause

Nominal Interest Rate from 11.5% annually

Effectiv Interest Rate from 12.2% annually for dinar loans, without currency clause

Interest Rate: For loans in RSD without currency clause

Nominal Interest Rate from 20% annually

Effectiv Interest Rate from 21.95% annually

Application Processing Fee: 1% one-off commission

Commission for Mortgage Loan Prepayment: up to 3%, one off commission, it is calculated on the portion of the loan principal that is being prepaid

Security Instruments: company and owner promissory notes, guaranty of individual or legal entity, deposit, pledge on vehicle/ equipment, mortgage on registered residential or business real estate or real estate under construction.

Application documents are located under section Download, on the right-hand side menu.