Commercial space loan
Opportunity to own fixed assets with cheap and long-term resources.
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Loan amount Up to 100% of total valuation of purchasing immovable property Term Up to 120 months Downpayment 30.00% /If there is no down payment, you can be pledged additional residential property and can be mortgage loan up to 100%/ Interest rate (yearly) 16.80% – 21.60% Effective percentage rate (yearly) 18.16% – 23.87% Commission fee 0.50%-1.00% of the approved loan amount - 0.50% of the approved amount for up to 12 months
- If it is more than 12 months, 1.00% of the approved amount
Collateral Real estate purchased on credit - Experience in their field of operations of 1 year or longer
- Records of business transactions from any commercial bank or financial institution
- Records of previous loan from any commercial bank or financial institution /minimum 1/
- No overdue loans at any commercial bank or financial institution
For legal entities:
- Loan application
- Certificate of registration
- Company charter
- Shareholder approval for the loan application
- Financial statement for the last 2-3 quarters
- Operational licenses
- Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
- Other documents required from the applicant during the loan analysis process
For individuals:
- Loan application
- Notarized copy of personal ID (relevant for co-borrower as well)
- Operational licenses
- Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
- Agreements related to business activities
- Primary evidence of income, expenses, payables, receivables and financing
- Marriage certificate
- Other documents required from the applicant during the loan analysis process
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