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

Mid-Term Loans

RSD credit and credit indexed in EUR

Tenor

• Up to 36 months

Currency clause and indexing criteria:

• RSD credits are disbursed in RSD and are not indexed.
• Credits indexed in EUR are disbursed at middle exchange rate of the NBS in RSD, 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

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

Height of nominal annual interest rate

• From 20.4% to 22.2% per year for RSD credits
• From 8.2% + 6M Euribor to 18 % per year for credits indexed in EUR

Height of effective interest rate

• For Micro non-indexed from 26.01%
• For Micro credit indexed in EUR from 12.75%
• For Small non-indexed credit from 24.79%
• For Small credit indexed in EUR from 10.56%

Criteria for change of contracted variable interest rate

• Interest rate under these credits is variable and defined by application of 6M EURIBOR (Reuters page for EURIBOR – on contract execution date, increased by margin).
• Value of EURIBOR is updated on each first business day of the month for 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 in market movements. Exceptionally the Bank reserves the right to change interest rate in even shorter time periods, due to change of Monetary Policies of Reference Central Banks (NBS, ECB, FED).

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 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 rates in case of default are revised by decision of the Bank quarterly and depend on changes in market movements. Exceptionally the Bank reserves the right to change interest rate in even shorter time periods, due to change of Monetary Policy of Reference Central Banks (NBS, ECB, FED).

Fees and expenses included in calculation of EIR

• Application processing fee ranges from 1.25% to 2.00 %, of granted amount.

Fees are variable, revised by decision of the Bank quarterly and depend on change 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).

Conditions for early partial or full repayment of credit

• For early credit repayment the Beneficiary must submit written request in prescribed form in branch of the Bank.
• Early repayment fee spans from 2 – 3%

Fee is changeable, revised by decision of the Bank quarterly and depends on change of 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).