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
• Metro and Crédit Agricole Credit Cards
• POS terminals

Long-Term Investment Loans

Tenor

• Up to 84 months

Currency clause and indexing criteria

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

Type of interest rate: variable

Height of nominal annual interest rate: 

• From 7.2% to 10.5 % + 6M Euribor

Height of effective interest rate

• For Micro credit indexed in EUR 10.58%
• For Small credit indexed in EUR 8.65%

Criteria for change of contracted variable interest rate

• Interest rate under these credits is changeable and defined by application of 6M EURIBOR (Reuters page for EURIBOR on contract execution date, increased by margin).
• Value of EURIBOR is updated each first working day of the month for the current quarter.
• Interest is calculated at the end of each month on amount of unsettled portion of credit.

Margin is also changeable and changed by decision of the Bank quarterly and depends on change of market movements. Exceptionally the Bank reserves the right to change margin in even shorter time periods, due to change of Monetary Policies of Reference Central Banks (NBS, ECB, FED).

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

Interest rate on mature unsettled obligations – penalty 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 due date until full settlement of all mature claims.

Interest rates in case of default are revised by decision of the Bank quarterly and depend on change of market movements. Exceptionally the Bank reserves the right to change interest rates 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 ranges from 1.00% to 1.75% and is calculated on granted amount.

Fees are changeable, 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)