What kind of loan is it?
ProCredit Bank has begun approving liquidity and working capital loans secured by state guarantees.
Entities eligible for a loan secured via a state-issued guarantee:
- all entities seated in the Republic of Serbia
- agricultural holdings registered with the Serbian Business Registers Agency (SBRA) and classified as entrepreneurs or micro, SMEs, in line with the law which governs accounting
Benefits of loans with a state guarantee
The main benefits of loans with a state guarantee are favorable interest rates, but also the fact that placements can be placed without collateral.
Additional information
-
Loan purpose
-
Mitigate the negative effects of the Covid-19 pandemic and support the Serbian economy by maintaining current liquidity levels and financing the purchase of goods / working capital.
-
Loan maturity
-
Up to 36 months, including a grace period from 9 to 12 months.
-
Annuity type
-
Repayment in monthly instalments.
-
Loan currency
-
- RSD loans
- indexed in EUR.
-
Maximum individual loan amount
-
- 25% of the 2019 revenue, based on the annual statement of accounts for 2019 (for statistical purposes)
- Up to EUR 3 million
-
The total amount of the guarantee scheme-secured loan
-
The loan amount of guarantee scheme-secured loans totals RSD 240 billion (approx. EUR 2 billion).
One billion euro of these guarantees (50% of the total guarantee scheme) shall be disbursed depending on the market share of domestic banks.
The remaining one billion euro shall be disbursed on a ‘first come, first serve’ basis.