A WHOLE BANK JUST FOR YOU
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:|
|Financing price |
(include interest rate and commission for loan issuing)
|14% 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.