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| TERMS AND CONDITIONS |
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| General terms | Loan is provided for business opening by franchising method under a well-known trade mark (e.g.: restaurant network, shop of clothes, etc) |
| Borrower | Private person*, private entrepreneur or enterprise (PE, LLC) who want to open own business or new direction of existing business under franchising scheme.
* for running of business state registration is needed. |
| Project funding | Bank considers the project till its full putting into operation.
Funding can be provided at any stage:
- purchase of premises;
- refurbishment;
- purchase of equipment, tools, etc.;
- working capital;
- current needs. |
| Lending terms | - loan up to USD 7 000 - collateral free up to 2 years.
- up to USD 50 000 - with simplified collateral requirements;
- maximum loan amount - USD 500 000 against pledge of real estate, movable or personal property (in individual cases consideration of bigger amounts is possible);
- term - up to 7 years, for purchase of real estate - up to 15 years;
- processing of credit line with the term up to 10 years with convenient repayment scheme and possibility of multiple receiving of loans without collateral processing costs;
- setting of credit limit on payment card with amount up to UAH 2 500 000 with possibility of free usage of funds with interest payment only for the factually utilized amount of limit;
- possibility to use other convenient banking products. |
| Loan repayment | - annuity (equal payments monthly);
- principle payment in equal parts, interest - for factually utilized amount;
- individual schedule;
- payment deferral - up to 6 months. |
| Interest and fee | In the course of loan disbursement a flat fee is paid of loan amount.
the size of interest rate and fee is set individually, depending on loan amount, type of product, collateral. |
| Additional information | Loan is provided: - in cash;
- to your current account or of your counterparty;
- to payment card. |
| How to get a loan | 1. Choose business by franchising method (e.g.: network of shops, restaurants, etc), assess the size of capital investments.
2. learn the terms of receiving a loan.
3.Contact credit officer of Kreditprombank. |
| Benefits | - guarantee of franchisor company - not required;
- minimal package of documents;
- Early repayment (full or partial) at any time without penalty
Pledge insurance and notarization of agreements (except real-estate) are not mandatory;
Collateral evaluation is made at market value |