Loan for business development

The credit for business development in "Credit Agricole" will help you to realize new projects and also to expand the volume of existing business and enter a new stage of its development.

Terms of financing
Object of financing	1) financing purchases of permanent assets (except vehicles) for conducting business activities; 2) modernization /repairs of real estate used in business activity; 3) other investment needs of business aimed at its development and expansion (including construction).
Maximum loan amount	Up to 75% of the project’s cost – in case the property which is purchased for credit funds is a single collateral; Up to 90% - if other property is provided as a collateral.
Financing period	Maximum period of financing: for purchase/creation of fixed assets: up to 60 months inclusively for reconstruction/repair of real estate – up to 36 months inclusively
Currency ^[1]	UAH	USD	EUR
Financing price ^[2] (include interest rate and commission for loan issuing)	16,5% p.a.	8% p.a.	6,5% p.a.
Other bank’s commissions	Other commissions could be set as per arrangement with a client.
Other possible costs	Payment for the services of third parties (insurance company, notary, property appraiser, etc.) - according to the tariffs of such third parties chosen by the client for receiving the relevant services.
Form of loan disbursement	Loan is provided in form of non-revolving credit line. Credit funds are transferred in cashless form from the loan account to the current account of the borrower or counterparty according to agreement/invoice (in case the client provides such instructions).
Repayment sсhedule	Loan is repaid in equal amounts on a monthly basis, payment of interest - on a monthly basis. The first repayment of loan can be deferred, if such deferred payment is reasonable. Maximum period of deferment - 6 months from the start of financing.
Requirements for borrowers	1) customer whose business is in operation not less than 12 months; 2) financial stability and solvency; 3) opening of a current account with PJSC “CREDIT AGRICOLE BANK” and transfer of turnovers in proportion to loan debt.
Requirements for collateral	Property which is purchased for credit funds and/or property owned by the client/ property guarantor (real estate, equipment, vehicles, other assets).
Insurance of pledged property	At any insurance company of customer’s choosing from those approved by the Bank