Credit Line- Revolving Loan for Financing Working Assets
PURPOSE AND TENOR
Financing of working assets up to 12 months, with the option of renewal to additional 12 monthsAMOUNT OF LOAN
From EUR 3.000
CURRENCY
Loans are approved in
- EUR
- RSD with currency clause
- RSD without currency clause
INTEREST RATE (annually)
- For loans in EUR or RSD with currency clause: 1M EURIBOR+11 p.p. (EIR: from 14.28 % as of 13/09/2010)
- For loans in RSD without currency clause: 1M BELIBOR+9 p. p. (EIR: from 23.38 % as of 13/09/2010)
- For loans granted based on 100% FX deposit : 1M EURIBOR +1,5 p. p. (EIR: from 3.77 % as of 13/09/2010)
DISBURSEMENT
Loan is withdrawn with dynamics suitable to Client up to amount that is currently available and with maximum of up to the amount of approved loan, at the latest by the end of 12 months period from the date of signing loan Agreement, or from the date of loan renewal.
REPAYMENT
The Client must repay any drawn amount in the currency of drawdown within 6 months from the date of drawdown, however, not later than 12 months from the date of signing the Loan Agreement, i.e. from the date when the loan tenor is renewed.
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