Loans, Loans for legalization

The right solution if you are thinking about legalizing your business premise

If you are thinking about legalizing your business premise, loans for legalization disbursed by ProCredit Bank could be a favorable means of securing necessary funds. These loans are available to all legal entities who own an immovable property that has not been built legally.
Loans for legalization of business premises are approved under the following conditions:

• maximum maturity 120 months
• for loan amounts up to EUR 5,000 - maximum maturity is 84 months
• for loan amounts ranging from EUR 5,001 to 10,000 - maximum maturity is 96 months
• for loan amounts over EUR 10,000 - maximum maturity is 120 months
• dinar loans with maturities up to 60 months
• loans are indexed in EUR for all maturities
• down payment / deposit not mandatory
• no guarantor for loans amounting up to EUR 5,000 with maturity up to 60 months

Benefits of loans for legalization:

• loans repayment in equal monthly installments
• no additional expenses during loan repayment period
• simple loan approval process
• possibility of parallel use of more loans

Repayment schedule examples for euro indexed loans for legalization of business premise:

Loan amount (EUR)	Loan amount (EUR)
	36 months	48 months	60 months	96 months	120 months
8.000	294	240	208	155	141
15.000	545	445	386	286	260
50.000	1.748	1.407	1.205	879	788

EIR ranges from 15.81%

Maximum loan amount is not determined and it depends on the amount necessary for legalization and credit worthiness of the client.

ProCredit Bank has produced a booklet „Guide for legalization“ intended for all private individuals and legal entities who decide to legalize an immovable property they own.