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

Revolving Credit Facilities

RSD credit and credit indexed in EUR

Tenor

• 12 months

Currency clause and indexing criteria:

• RSD credits are released in RSD and are not indexed.
• Credits indexed in EUR are released 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 of interest calculation is used.

Height of nominal annual interest rate

• From 21.6% to 22.8% per year for RSD credits
• From 14% to 16% per year for credits indexed in EUR

Height of effective interest rate

• For Micro non-indexed credit from 22.80%
• For Small non-indexed credit  from 21.60%
• For Small indexed credit in EUR from 14%

Criteria for change of contracted variable interest rate

Interest rates on credits are revised by decision of the Bank quarterly and depend on change of market movements. Exceptionally the Bank withholds 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 the beneficiary, in amount of 0.13% per day, for each day of delay, for period from payment due date to 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 movement. Exceptionally the Bank withholds 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 from 0.75% to 2.00%

Fees are variable, revised by decision of the Bank quarterly and depend on changes in market movements. Exceptionally the Banka 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 repayment of credit the Beneficiary must submit written request in the prescribed form in branch of the Bank.
• Height of repayment fee spans from 2 – 3%

Fee is changeable, revised by decision of the Bank quarterly and depends on change in market movements. Exceptionally the Bank reserves the right to change fees in event shorter time periods due to change in Monetary Policies of reference Central Banks (NBS, ECB, FED).