INTEREST RATES AND OTHER COSTS

The interest rate maybe fixed or floating adhered to indexes RIGIBOR, EURIBOR or LIBOR. For reception of the credit it is necessary to bring a disposable commission payment. The interest rate and the size of a commission payment are defined by credit committee, according to bank tariffs.

For not used sums of the credit and for reservation of resources within the limits of the demand line of credit the percent does not pay off. Commission payments for service of the credit account and administration of credit business are not stipulated.

There are expenses for registration of the credit which the Client does not pay directly to bank: expenses for an assessment of the mortgage, service of the notary (basically for hypothec credits and in case of the commercial mortgage), the duties specified in the law and insurance payments.

THE MAXIMAL SUM OF THE CREDIT

The credit sums for the most widespread types of maintenance:

• The real estate registered in the agrarian book - up to 90 % from market cost;
• The apartment not registered in the agrarian book (if the right to the property proves to be true the certificate on the property right to an apartment before privatization of an apartment house or the temporary registration certificate on the property right to an apartment) - up to 70 % from market cost;
• Vehicle - up to 70 % from a market price;
• The basic means (the process equipment and cars) and turnaround means (stocks) - up to 60 % from balance cost;
• Turnaround means (debts of debtors) - up to 50 % from balance cost.

Market cost of real estate is defined by the licensed appraiser - the partner of bank (according to the schedule). The market price of the supported vehicle is defined by the licensed appraiser or the official dealer.

The laid object  is insured in the insurance company confirmed by bank.

NECESSARY DOCUMENTS

• The filled application for the credit (the data card of bank);
• Statutes, including corrections;
• Registration, the registration certificate of the taxpayer and the VAT of the payer, samples of signatures, documents confirming the right of signatures of officials;
• Copies of passports of officials (the bank worker will copy);
• Business plan or the plan of use and return of the credit; a predicted monetary stream for all timeframes of credit using (the sample in bank);
• Last annual financial report confirmed by the State Income Service (VID);
• The conclusion of the auditor about last annual report;
• Quarter or monthly balance, calculation of profit or losses; decoding of important articles, the list of the basic means;
• The information from VID about the tax payments stipulated with the legislation;
• If it is necessary, to submit additional documents, for example, contracts, licenses, cost proposals, etc.