Working with corporate customers Demir Bank is looking for long-term cooperation.

Corporate customers are defined by banking accounts turnover, financials and positive credit history and business reputation.

Financing is possible in the form of loans, credit lines. Credits are  provided for working capital, purchase of fixed assets (commercial/industrial real estate, equipment, vehicles, machinery, etc.), for modernization and expansion of current business, creation of new production, accomplishing of construction works, related with construction, reconstruction or technical modernization of production basis. It is possible to get partial financing for increase of working capital within the established credit line.

Types of borrower’s business:

• production / trade / services

Loan amount and interest rate:

Terms:

• up to 2 years for working capital
• up to 5 years for investment projects

Grace period: upto 6 months

Credit arrangement fee:

• up to 36 months 1% of credit disbursed
• over 36 months 1,5% of credit disbursed

Repayment schedule:

• annuity - principal amount and interest rate shall be paid on monthly basis by equal parts
• flexible schedule (depending on business seasonality)

Earlier repayment:

• 3% from amount of the credit before ½ term of the credit
• 1% from amount of the credit after ½ term of the credit

Collateral:

• Immovable property
• movable property (vehicles, equipment, goods in turnover, personal property)
• guarantees/personal guarantees

Collateral insurance:
required depending on  type of collateral

Insurance amount

Requirements to borrowers:

• acting business

• location and registration of customer’s business in the region of Demir Bank presence

List of documents for legal entities:

• Package of foundation documents;
• Financials with detailed explanations for/as of the last 3 years and for/as of the last reporting date;
• Confirmation letter on availability /absence of credits and statements from all servicing banks;
• Current agreements/contracts (copies);
• Confirmation on absence of debts to budget on tax and payments to social fund;
• Decision of the control body for getting a loan;
• Ownership documents for collateral items and confirmation  on absence of arrest for property to be pledged;
• Documents on assessed value of collateral made by appraiser  acceptable for the Bank;
• Other documents at the Bank’s request.

List of documents for private entrepreneurs:

• Copies of applicant’s passport, spouse/spouses of applicant, guarantor, spouse/spouses of guarantor;
• Copy of certificate on registration of private entrepreneur in statistic organs, in Social Fund or insurance policy, TIN card or patent;
• Copy of license (if applicable);
• Current agreements/contracts (if any);
• Rent agreement (copy) or ownership documents for trade/production point;
• Confirmation on absence of debts from State Tax Inspection and Social fund
• Confirmation letter on availability /absence of credits and statements from all servicing banks;
• Ownership documents for collateral items and confirmation  on absence of arrest for property to be pledged;
• Documents on assessed value of collateral made by appraiser  acceptable for the Bank;
• Other documents at the Bank’s request.

DEMIR BANK is THE RELIABLE PARTNER IN REALIZATION OF YOUR PROJECTS!