Demir Bank will open a wide world of financial opportunities and help You to  realize Your entrepreneurial ideas into reality!

Target customers:

• Legal entities
• Private entrepreneurs.

Business type:

• production / trade / services

Purpose of loan:

• working capital (purchase of goods, raw materials, etc.);
• acquisition of fixed assets (equipment, vehicles, real estate);
• expansion of production or volume of services provided;
• other capital expenditure and investments.

Loan amount and interest rate:

Terms:

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

Grace period: up to 6 months

Credit arrangement fee:

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

• annuity - principal amount and interest rate shall be paid monthly 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 not less than 3-6 months depending on credit amount
• 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.

Credit from Demir Bank – is Your additional source of energy!