Loan for Businesswomen – EBRD

Behind every successful woman there is her good decision!

As a means of support to women in business, in cooperation with the European Bank for Reconstruction and Development (EBRD), we have created a special credit line for purchasing working assets or investment with numerous benefits:

  • Attractive interest rate for loans indexed in euros – 5.5% annually, fixed (effective interest rate of 6.86%)
  • Minimal collateral in the form of promissory notes for loans of up to EUR 25,000 and repayment period of up to 60 months

Additional benefits

  • Favourable conditions for overdrafts on the company’s current account
  • Special leasing offer for the purchase of commercial vehicles
  • No fees for e-banking operations
  • Lower fees for payment operations
  • No fees for Intesa Hit current accounts for the loan beneficiary and all the company’s employees for a year
  • Key features
  • Representative example
Type of loanLoan for purchasing working assets or investment
CurrencyLoan indexed in euros in dinar counter value at the NBS middle exchange rate on the day of the loan disbursement
Loan amountUp to EUR 500,000
Repayment period
  • For purchase of working assets – up to 36 months, including the grace period of up to 6 months
  • For investment – 37–60 months, including the grace period of up to 12 months
Interest rate
(at annual level)
5.5% annual, fixed
Effective interest rate (at annual level)From 6.86%
Down payment amount
  • For working assets – no obligatory down payment
  • For investment – 0–20% of the total value of the investment
Collateral
  • 6 (six) blank solo promissory notes signed and verified by the user, with authorization to realize the note + 1 for each additional year for repayments over 12 months
  • Guarantee – 2 (two) blank solo promissory notes by a natural person (owner, founder, or director) including “without protest” clause
  • Guarantee by related legal entities/entrepreneurs, if any (6 promissory notes with authorizations + 1 for each additional year for repayments over 12 months
For loans with the repayment period of over 36 months and in the amount exceeding EUR 25,000, beside the collateral listed above it is necessary to submit additional collateral (at least one of those listed here):
  • Guarantee by related legal entities/entrepreneurs acceptable to the bank
    or
  • 1st order pledge over equipment or 1st order mortgage over registered or unregistered real property, in line with the Law on Mortgages
Insurance policy over movable property or real estate assigned to the bank, issued by an insurance company acceptable to the bank
Expenses charged to the loan beneficiary’s account that are known at announcement and are calculated in the effective interest rate
Loan application fee

1.5% of the entire approved amount in dinar counter value at the NBS middle exchange rate on the day of the loan disbursement, as single payment, prior to realization of the loan

1 promissory note

RSD 50

Credit Bureau statementRSD 600 for natural persons or RSD 1,440 for legal persons
Tax certificate (for entrepreneurs)RSD 580
Notarization of pledgeRSD 10,080 *
Insurance of real property – annualEUR 40 *
Issuing of the real estate folioEUR 10 *
Appraisal of real propertyEUR 100 *
Mortgage inscription feeRSD 20,000 *
Pledge inscription feeRSD 1,000 *
* Expenses charged to the loan beneficiary’s account, calculated in the effective interest rate, the value of which is outside of the bank’s competence. Please note that these are provisional (average) amounts, not dependent on the bank but on the fees and compensations of courts, Republic Geodetic Authority, insurance premiums of insuring companies, etc.
Representative example for clients, with the effective interest rate calculated on 1st October 2015

Type of loanLoans for purchasing working assets or investment
CurrencyEUR
Loan amountEUR 25,000
Repayment period36 months
Indexing criteriain dinar counter value at the NBS middle exchange rate on the day of the loan disbursement
Monthly instalmentEUR 755.86
Interest rate
(at annual level)
5.5% fixed
Effective interest rate (at annual level)6.86%
Expenses charged to the loan beneficiary’s account that are known at announcement and are calculated in the effective interest rate
Loan application feeEUR 375
8 promissory notesRSD 400
Credit Bureau statement
  • For entrepreneur RSD 600, as single payment
  • For legal person RSD 1,440, as single payment
Tax certificate (for entrepreneurs)RSD 580
Total amount to be repaidEUR 27,210.81

As a special benefit of the Women in Business programme, you have an opportunity to advance your business through cooperation with the European Bank for Reconstruction and Development (EBRD), through consulting projects, with a possibility of partly refunding expenses in the amount up to EUR 10,000.


Find out more at: http://www.ebrdwomeninbusiness.com.