The loan-scheme system developed at UniCredit Bank is the result of many years experience in dealing with small and medium enterprises. It takes into account the needs and requirements of such enterprises and the specific features of their business.
To obtain the loan, it is necessary to:
- open an account with UniCredit Bank
- have at least 12 months’ successful operational experience in the market
- fulfill current obligations to the budgets of all levels
- have satisfactory financial indicators (in particular this means having no significant losses, quarterly receipts on settlement accounts that are at least equal to the principal, and a positive value of the net worth)
The following may serve as security for the loan:
- plant and equipment, motor transport, real estate
- inventory (mortgage of goods in circulation)
- UniCredit Bank promissory notes
- funds on guarantors’ accounts
Plant, equipment, motor transport and real estate can be evaluated either by the bank assessors or by an independent valuation company. Depending on the liquidity of the security, the value pledged ranges from 100% tî 200% of the principal. For instance, if the loan is secured with equipment, the market value of which has been assessed by an independent assessor, the total value of the pledged security should amount to 140% îf the principal.
The principal on the loan is repaid in accordance with an agreed time-scale that takes into account the particular features of the business receiving the loan. Interest is calculated on the actual amount of the loan and is paid by the client in monthly installments.
Subject to a positive credit history with UniCredit Bank, the principals of loans may be increased and preferential conditions may be granted. To obtain additional information and apply for a loan, any UniCredit Bank branch may be contacted.