"HVB" bank in Serbian launched new kind of business credits

Source: Dnevnik Thursday, 01.01.1970. 12:41
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“HVB” bank in Serbia started to approve new kind of credits to small and mid-sized enterprises for capital funds in amount of 3,000 - 100,000 EUR and with the repayment period of 6 - 12 months.

The effective interest rate on these loans ranges from 15.41% to 15.81%, depending on the repayment period. The credit can be used for procurement of goods intended for further sale or processing followed by sale.

The credits are approved to the companies that deal with trade, as well as to those that deal with the production for procurement of semi-finished products.

Neither endorsers, nor mortgage are needed for loans of up to 30,000 EUR. These loans are approved on the basis of verified drafts depending on the credit worthiness of the client. In order to obtain credit for capital funds, the company must have the account in "HVB" bank, it must operate in its field of work for at least 2 years and it must have all its tax obligations paid.

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