Entrepreneurs & Small Business

• Loans
  • Micro Enterprises
  • Small Enterprises
  • Entrepreneurs
    • Overdrafts
    • Business Payment Cards
    • Metro and Crédit Agricole Credit Cards
    • Revolving Credit Facilities
    • Mid-Term Loans
    • Short-Term Subsidized Loans
    • Long-Term Investment Loans
    • Long-Term Loans for Purchase of Business Premises
    • Long-Term Co-Financed Investment Loans
    • 100% Cash Covered Loans
• Deposits
• Metro and Crédit Agricole Credit Cards
• POS terminals

Long-Term Co-Financed Investment Loans

Tenor

• From 36 to 60 months

Currency clause and indexing criteria

• Credits indexed in EUR are placed in RSD at middle exchange rate of the NBS, formed on contract execution date. Credits are repaid at selling rate for foreign currency of the Bank, in RSD equivalent.

Type of interest rate: variable

Height of nominal annual interest rate:

• Nominal weighted interest 4% + 3M Euribor

Height of effective interest rate:

• For Micro credits indexed in EUR from 5.97%
• For Small credits indexed in EUR from 5.97%

Criteria for change of contracted variable interest rate

• Interest rate under these credits is changeable and defines by application of 3M EURIBOR (Reuters page for EURIBOR – on contract execution date, which is increased by margin).
• Value of EURIBOR is updated each first business day of the month for the current quarter.
• Interest is calculated at the end of each month on amount of unsettled portion of credit.

Method of interest calculation: simple method is used for calculation of interest.

Interest rate on mature unsettled obligations – default interest

• In case of default, i.e. delay in settlement of obligations, the Bank will charge default interest to the beneficiary, in amount of 0.13% per day, for each day of delay, for period from payment due date until full settlement of all mature claims.

Interest rate in case of default is revised by decision of the Bank quarterly and depends on change in market movements. Exceptionally, the Bank reserves the right t change interest rate in even shorter time periods, due to change of Monetary Policies of Reference Central Banks (NBS, ECB, FED).

Fees and expenses included in calculation of EIR:

• Application processing fee is 0.50 % of the granted amount
• 0.5% per annum on amount guaranteed by  the Guarantee Fund

Fees are variable, revised by decision of the Bank quarterly and depend on changes in market movements. Exceptionally the Bank reserves the right to change fees in even shorter time periods due to change of monetary policies of reference central banks (NBS, ECB, FED).