Izdanje Srbija
Serbische Ausgabe
Izdanje BiH
Izdanje Crna Gora
News
Marfin Bank offers subsidized loans in dinars for export activities, permanent working capital and liquidity
Wednesday, 19.05.2010.
12:53
Comments
Marfin Bank, by
offering subsidized long-term consumer loans in dinars, provides the
citizens with the opportunity to purchase furniture, flooring, sanitary
equipment, building materials, home appliances or computers manufactured in the
Republic of Serbia,
as well as travel arrangements in our country.
Maximum loan amount is 12 000 euros in dinars at
the average exchange rate of NBS on the day of loan disbursement. Repayment
period is set to 12 to 36 months, with the grace period of up to 12 months,
during which the client pays only interest. The
nominal interest rate is fixed, 7.5% per annum, and effective interest rate is
7.78%.
In accordance with the Decision of the National Bank
of Serbia, Marfin Bank has increased
the borrowing limits of individuals. Limits are increased from 30% (excluding
housing loans) and 50% (including housing loans) to 40% and 60% of regular
monthly income for clients with no significant FX risk.
For the small, medium and large enterprises, Marfin Bank facilitates
business through subsidized RSD loans for export activities and subsidized
loans for permanent working capital and liquidity in dinars, for a period of 12
months. The nominal interest rate is fixed two-week repo rate, on the day of conclusion
of the contract, minus 1.5% per annum, and the effective interest rate is 8.23%
per annum. One off fee is 0.5% of the approved loan amount.
Also, Marfin Bank offers subsidized investment loans, with the repayment period to 60 months, with grace period of 6 to 12 months. Nominal interest rate is fixed, 3M Euribor + 4% per year, and the effective interest rate is 5,18%. Bank’s fee is 1% of the approved loan. The loan is euro-indexed and the payment is executed in dinars at the NBS median exchange rate on the day of payment.
