Loan and Credit Facilities

  ALLEURUSD
1 Arrangement fees 15,000 - 50,000 150 - 500 150 - 500
2 Commitment fee 1 % 1 % 1 %
3 Renewal 10,000 100 100
4 Commission on highest overdrawn balance 0.5% each month 0.5% each month 0.5% each month
5 Interest on credits Under negotiation  Under negotiatio  Under negotiation

 

 

   Interest rateMaturityFinancing
1

Short term loan for bussinesses (1 - 12 months)

Overdraft LIBOR + (3% - 8%) (USD) Max 1 year Within the limits of regulatory capital
EURIBOR + (3% - 8%) (EUR)
2 Medium term loan (1 – 5 years) Car loan
EURIBOR + (3% - 8%) (EUR)
Max 3.5 years Up to 65 % of the purchase price of the vehicle (Max USD 35,000 or equivalent in other currencies)
Business loan LIBOR + (3% - 8%) (USD) Max 5 years Within the limits of regulatory capital
EURIBOR + (3% - 8%) (EUR)
Financial leasing 5% - 9% (EUR) Max 4 years Up to 90 % object’s value
7% - 10% (USD and ALL)

 

Credits for larger amounts will be reviewed case by case.

Note:

Expenses covered by the borrower are:

  • Notarization cost of the contract signed between the bank and the client,
  • Life insurance covering 100% of the loan value in favor of CBA (Insurance premiums are paid by the borrower yearly at the Insurance Company as per one-year contracts signed with them),
  • CASCO Insurance covering 100 % of value of the car serving as collateral for CBA,
  • Property insurance (fire&earthquake)covering 100 % of market value of the property used as collateral in favor of CBA.
  • Evaluation cost of the property by the authorized evaluator from CBA.
  • Legal cost from USD 150 to USD 200.