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

Short-Term Subsidized Loans

RSD credit and credit indexed in EUR

Tenor

• 12 months

Currency clause and indexing criteria:

• RSD credits are placed in RSD and are not indexed.
• Credits indexed in EUR are placed at middle exchange rate of the NBS in RSD, formed on contract execution date.
• Credits are repaid at selling exchange rate of the Bank, in RSD equivalent.

Type of interest rate: Variable

Height of nominal annual interest rate:

• 4.9% per year for credits indexed in EUR
• Reference rate of the NBS – (minus) 3.5% per year for RSD credits

Height of effective interest rate:

• For Micro non-indexed credit from 8.81%
• For Micro credit indexed in EUR from 4.02%
• For Small non-indexed credit from 8.81%
• For Small credit indexed in EUR from 4.02%

Criteria for application of contracted variable interest rate

• Interest rate is variable and defined by application of reference rate of the NBS which is decreased by margin.

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 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 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 0.5%

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 in 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 prescribed form in branch of the Bank.
• Height of early 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 even shorter time periods, due to change of Monetary Policies of Reference Central Banks (NBS, ECB, FED).