A short-term loan in a foreign currency serves to finance the short-term needs of legal entities that want the loan to be in a foreign currency. It is particularly convenient because of the flexibility in repayment that allows you to plan repayment according to your possibilities.
Loan conditions
- Loan amount: In accordance with the client's needs and creditworthiness
- Loan currency: EUR
- Interest rate type: variable interest rate
- Repayment period: up to 1 year
- Payment method:
- Monthly, quarterly or semi-annual annuities, with or without a grace period for the loan principal.
- Repayment of the loan principal in equal monthly, quarterly, and half-yearly installments with associated interest, with or without a grace period for the loan principal.
- Repayment in full at the end of the period.
- Calculation of interest in case of delay: In accordance with the contract
- Fees: The fee is calculated and charged in accordance with the Bank/s tariff
- Security instruments: Depending on the client's creditworthiness, the requested security instruments can be: Promissory notes, Joint debtors, Mortgage, Deposit, Pledge, Pledge on receivables, Guarantees, Other type of security.
- Documentation for dedicated credit control: The client is obliged to submit to the Bank an invoice, pro-invoice and other documentation required by the Bank for dedicated credit control if it is required based on regulations and/or the Bank's business policy.
- The variable interest rate is adjusted every 6 months depending on the movement of the 6M Euribor.
- Other costs borne by the client:
- The cost of the Credit Bureau report for a legal entity: 1,440 dinars
- The cost of the Credit Bureau report for a natural person: 246 dinars
- The total cost of 8 promissory notes is 400 dinars
- In case the client provides a mortgage as a means of security, the additional costs are:
- Certification of pledge statement 25,200 dinars
- Issuance of real estate list 10 euros
- Real estate valuation 100 euros
- Registration of a mortgage (from 20,000 to 50,000) 20,000 dinars
- Endorsement of a license to wipe 1,260 dinars
- Real estate insurance (annually) 40 euros
Type of loan | Short-term loan in foreign currency |
Currency loan | Euro |
Loan amount | 15,000 |
Security type | Bills of exchange |
Duration period | 6 months |
Credit payments | 2,544.98 |
Total loan amount with interest | 15,269.88 |
Nominal interest rate (annually, variable) | From 4.50% + 6M Euribor which on 03.10.2022 amounts to 6.275% |
Effective interest rate (on an annual basis) on 03.10.2022. | 6.71% |
Costs borne by the user | |
The cost of a Credit Bureau report | 1686 dinars* |
Total cost of 8 exchange bills | 400 dinars |
*for clients of legal entities.