InnovFin without a mandatory mortgage
Wish to innovate your business?
Based on the Agreement signed by Banca Intesa with the European Investment Fund (EIF), dated 16/ 10/ 2017, each individual investment within this program shall be covered by the EIF guarantee in the amount of 50% of the loan.
In order to encourage the development of companies on the territory of Serbia even with the policy relaxation in the area of collaterals, we have kept the attractive loan terms.
Assets within the fund are limited.
For more information, contact your client relations manager and submit a loan request.
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 limitations:
– Up to 499 employees at a consolidated level
– Up to EUR 50 million of income and/or EUR 43 million of total assets at a consolidated level; - Period for which the loan is approved: From 24 to 120 months;
- Grace period: Up to 24 months;
- Amount of individual loan: EUR 50,000–7,500,000;
- Currency: EUR in dinar equivalent:
- Purpose of the loan: For procurement of fixed assets;
- Loan repayment method: In equal monthly/quarterly instalments in dinar equivalent by applying the official middle exchange rate of the National Bank of Serbia on the instalment repayment date.
The program is conducted with the support from EIF
The crediting program is conducted with the InnovFin guarantee for small and medium-sized enterprises and support of the European Union within Horizon 2020 financial instruments.
