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
|Financing price |
(include interest rate and commission for loan issuing)
|13,5% p.a.||6,5% p.a.||5,5% 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|
: Foreign currency loan is extended only if there are foreign currency revenues.
: Financing price could be set individually as per arrangement with a client.