COSME loan
Loans with an EIF guarantee
Based on the Agreement signed by Banca Intesa with the European Investment Fund (EIF), dated 8/ 12/ 2016, we have incorporated Working Capital Loans into the offer – COSME.
The essence of the new product is that each individual investment placed within the given program will be covered by the EIF guarantee in the amount of 50% of loan.
In this way, the clients are enabled to withdraw working capital loans for a period that is longer than usual and without solid security assets (mortgages, pledges).
Loan characteristics
- Clients who may use the product: Resident clients whose seat address is on the territory on which the Republic of Serbia has full state interference and for which a Credit Bureau Report can be obtained through the Association of Serbian Banks, and which have been in business for at least 15 months and have creditworthiness for using the loan;
- Client segment: Existing and new clients of the Bank, entrepreneurs and legal entities belonging to the segment of small and medium-sized enterprises;
- Period for which the loan is approved: 30 to 36 months;
- Grace period: 36 months;
- Maximum amount of individual loan: EUR 10,000-150,000;
- Amount of deposit / Participation: Without the obligation of participation;
- Currency in which the loan is approved and type of exchange rate: EUR in dinar equivalent – calculation is done at the official middle exchange rate of the National Bank of Serbia on the date of loan disbursement;
- Purpose of the loan: For procurement of working capital;
- Loan disbursement method: By transfer to the account of the loan beneficiary or the account of the Seller / Service Provider;
- Loan repayment method: In equal monthly instalments in dinar equivalent by applying the official middle exchange rate of the National Bank of Serbia on the instalment repayment date;
- Minimum security instruments: eight (8) blank promissory notes signed and certified by the beneficiary with authorizations for use.
Note
Support of the European Union within the Loan Guarantee Relief determined in accordance with the Regulation (EC) no. 1287/2013 of the European Parliament and Council for establishing the Program for the Competitiveness of Enterprises and small and medium-sized enterprises (COSME, 2014–2020).
