REFINANCE
Your small business loan for less!
Benefits
Repayment Term
Lower interest
Tailored business advice
Terms of the Loan
- Maturity up to 15 years for investment loans
- Maturity up to 4 years for working capital loan
- Currency LEK & EUR
- The interest rate is fixed
- Maintenance fee is entirely FREE
- Collateral: Immovable Property, Land (including agricultural land).
Characteristics of Business Investment Loan
- Apply for a long-term financing used for investment projects, which could not be carried out only with capital usage. The loan can be used for business growth or to start another business project.
- The purpose of the loan - the bank grants the loan for a particular purpose related to the financing of the investment, the procurement of any substantial asset by the entrepreneur for the development of his business activity.
- The Bank does not grant credit to businesses that endanger public order, moral principles and the environment.
- The loan, including interest and commissions, should be adequately covered by collateral
- Collateral required by the bank:
- Real estate
- Blocked deposit at the bank
- Additional conditions may be required depending on the nature of the action, knowledge and validity of the creditor's granting of the loan (e.g. notarial act as an asset risk guarantee).
Required Document
- Legal documents for the activity
- Last three years Financial Statements
- Investment Plan documents
- Collateral documents
- Account Statements for last 12 months ,from banks where the client has loans exposure
- Preliminary consent for the research in Albanian Credit Register of bank of Albania.
Interest rate in EUR
- Fixed interest rate for the first 2 years 4%
- Remaining period Euribor 1- year + 2.5%
- NMI (lowest interest rate) 5%
Interest rate in LEK
- Fixed interest rate for the first 2 years 5%
- Remaining period Bono Thesari 1- year + 3%
- NMI (lowest interest rate) 6.5%
