Credit “Business Development and Creation of New Jobs” for Corporate Clients
Private Joint-Stock Bank “Trustbank” provides credit “Business Development and Creation of New Jobs” for corporate clients.
Having formalized this credit product, you can start your entrepreneurial activity and bring it to a new level. It is important to note that interest rates decrease as the number of jobs increases.
Loan amount |
Up to 1,000,000,000.0 (one billion) summ |
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Loan purpose |
to replanish working capital |
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For financing investment projects (including the acquisition of real estate, new cars, new working machines and mechanisms (special equipment), (motor vehicles, working machines and mechanisms) |
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Loanterm |
to replanish working capital |
For a term not exceeding 18 months |
For financing investment projects (including the acquisition of real estate, new cars, new working machines and mechanisms (special equipment), (motor vehicles, working machines and mechanisms) |
For a term not exceeding 36 months |
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Term of grace period on the principal |
to replanish working capital |
Up to 3 months |
For financing investment projects (including the acquisition of real estate, new cars, new working machines and mechanisms (special equipment), (motor vehicles, working machines and mechanisms) |
Up to 6 months |
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Loan currency |
In local currency |
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Interest rate on loans in national currency |
Interest rate on the loan |
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In case of creation of more than 30 new jobs |
20% |
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In case of creation of more than 20 new jobs |
22% |
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24% |
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In case of creation of more than 10 new jobs |
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Project collateral |
- the collateral value of real estate accepted as collateral must not be less than 125 per cent of the amount of the loan received, which may contain non-residential premises and/or residential premises (provided that no one is listed in the residential premises); - the pledge value of motor vehicles accepted as a pledge shall not be less than 125 per cent of the amount of the received credit and not more than 3 years from the date of manufacture (do not accept as a pledge special vehicles registered with the State Technical Supervision Department); |
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Collateral requirement |
- the pledged property offered as collateral must be free from other pledges; - third party surety may be considered as additional collateral only |
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Special conditions |
In case the envisaged jobs are not created and/or reduced under the loan allocated under this project, the interest rate on the loan should be changed to 28% per annum in the terms and conditions of the loan agreements. |