I. Credit conditions:
Interest rate (floating):
16,6% p.a - for MDL loans;
9,6% p.a - for USD and EUR loans
Maximum amount of the loan:
50 000 MDL or equivalent in US Dollars, EURO
Credit period:
up to 1 year for the replenishment of working capital;
up to 2 years for investment purposes.
Grace period for credit principal repayment is up to 6 months.
Reimbursement of credit is on a monthly basis.
The interest is paid monthly.
II. Requirements for potentials borrowers:
Both individuals as legal persons can apply as borrowers, if they meet the following criteria:
- applicant takes part in entrepreneur activity;
- applicant’s number of employees is above 15 people;
- applicant’s annual turnover is under 1 million MDL;
- applicant’s own participation in the project is not less than 30% of the investments stipulated by the business-plan;
- applicant possesses sufficient security (collateral), appraised by a licensed company, and provides personal guarantees (depending on a case);
- applicant is obliged to have the pledged assets insured by an insurance company approved by Bank.
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