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CREDIT LINE OF ITALIAN REPUBLIC GOVERNMENT
Credit line based upon the financial contract between Republic of Serbia and Republic of Italy for financing projects that include purchase of equipment and technology of Italian origin as well as their maintenance, purchase of spare parts and industrial license of Italian origin. Part of the loan can be used for financing costs in country necessary for project implementation (working assets, merchandise...)
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Beneficiaries |
SMEs |
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Purpose |
Minimum 70% of loan value must be used for purchase of equipment and technology of Italian origin, maximum up to 30 of loan can be used for working capital and/or purchase of goods. |
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Amount |
From EUR 50,000 to EUR 1,000,000 |
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Maturity |
Up to 8 years |
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Grace period |
Up to 2 years |
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Payment |
Equal six-months' rates on January 14 and July 14 |
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Nominal interest rate |
4.85% p.a. (calculation and payment of interest rate is on six-months' basis on January 14 and July 14) |
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Fee |
free of charge |
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Effective interest rate |
From 5.03% p.a. |
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Security |
Depends on client credit rating and maturity of the loan: promissory note, authorization, pledge, mortgage |
Date of EIR: 18.11.2011.
For more information, please visit our nearest branch office, send us an e-mail or contact us by phone:
(032) 302 193, 302 162, 302 285, 302 287, 302 288, 302-289 and 302-290