Loans for purchase of business space

Secure the best starting position for your business!

You have decided to start your own business, in your own business space, and you need financial support? Komercijalna banka has designed the best and safest start for you. If you wish to buy business space, we offer you very favourable loans with minimal interest rates. This will allow you to fully focus on your business.

Because sound business plans depend on sound financial support!

Komercijalna banka grants loans to Bank’s clients who are permanently employed.

For a quick take-off of your business...

 

Loans for purchase of business space without fx clause:

LOAN TYPE

DINAR LOANS FOR THE PURCHASE OF COMMERCIAL PROPERTY

THE BANK’S CLIENTS

LOAN AMOUNT

Up to the amount allowed by the applicant’s creditworthiness

REPAYMENT PERIOD

Up to 120 months

LOAN CURRENCY

Dinar loan

NOMINAL INTEREST RATE PER ANNUM, VARIABLE

6M BELIBOR + 5,50%

6M BELIBOR applies, which is defined on the market two working days before, on 31.05. and 30.11.

ADJUSTING INTEREST RATE LINKED TO BELIBOR

Interest rate is adjusted twice a year, on 31.05. and 30.11.

THE BANK’S FEE

2% of the loan amount

LOAN COLLATERAL

- Two blank promissory notes of the borrower,

- First ranking mortgage of commercial property that is being financed by the loan or mortgage of another property in favour of the Bank at the minimum ratio of 0.7:1 and

- Insurance of property assigned in favour of the Bank

LOAN DISBURSEMENT

By crediting the seller’s account

 

In all cases where the security for the loan is a pledged property, costs arise when a loan is granted, such as valuation expenses, expenses for insurance, certificates, confirmations, licences, statements and decisions of competent bodies, cost of registering mortgage, etc. These expenses are included in the example.


EXAMPLE:

TYPE OF LOAN

LOANS FOR PURCHASE OF COMMERCIAL PROPERTY WITH NO CURRENCY CLAUSE

SALES VALUE OF PROPERTY

RSD 1,000,000.00

LOAN AMOUNT

RSD 1,000,000.00

REPAYMENT PERIOD

120 months

LOAN CURRENCY

Dinar loan

NOMINAL INTEREST RATE PER ANNUM , VARIABLE

6M BELIBOR + 5.50%

THE BANK’S FEE (2% OF LOAN AMOUNT)

RSD 20,000.00

MONTHLY INSTALLMENT

RSD  12.700,07

LOAN COLLATERAL

-       Two promissory notes from the borrower

-       First ranking mortgage

-       Property insurance at insurance companies

MORTGAGE REGISTRATION TAX

RSD 20,000.00

PREPARATION AND VERIFICATION OF LIEN STATEMENT AT THE NOTARY PUBLIC’s

RSD 10,080.00

ANNUAL PROPERTY INSURANCE

EUR 40,00(RSD 4.918,42)

COST OF ISSUING PROPERTY FOLIO

EUR 10,00(RSD 1.229,60)

COST OF PROPERTY VALUATION

EUR 100,00(RSD 12.296,07)

COST OF VALUATION OF MORTGAGED PROPERTY
(EVERY 3 YEARS)

Max EUR 80,00(Max RSD 9.836,85)

COST OF OBTAINING A REPORT FROM THE CREDIT BUREAU

RSD 246.00

COST OF ISSUING PROMISSORY NOTES

RSD 100.00

TOTAL LOAN AMOUNT INCL. INTEREST

RSD 1.524.008,40

EFFECTIVE INTEREST RATE

12,53%

 

Calculation made on 01.06.2016.
6M BELIBOR on 27.05.2016 was 3,56%

 

*This example was calculated for the Bank’s clients.



Loan for purchase of business space with fx clause:

TYPE OF LOAN

LOANS WITH CURRENCY CLAUSE FOR PURCHASING COMMERCIAL PROPERTY

THE BANK’S CLIENTS

LOAN AMOUNT

Up to the applicant’s creditworthiness

LOAN CURRENCY

Dinar loan indexed in EUR

INDEXING CRITERIA

EUR – NBS middle exchange rate

REPAYMENT PERIOD

Up to 10 years

GRACE PERIOD

Up to 12 months with monthly payment of interim interest

NOMINAL INTEREST RATE PER ANNUM

5% fixed for the first 60 months

6M EURIBOR + 5%, variable, after 60 months

Margin of 5% is fixed.

6M EURIBOR formed in the market two working days before 31.05. and 30.11.

ADJUSTMENT OF INTEREST RATE LINKED TO EURIBOR

Interest rate is adjusted twice a year, 31.05. and 30.11.

THE BANK’S FEE

2% of the loan amount

LOAN COLLATERAL

- Two blank promissory notes of the borrower,

- first ranking mortgage on commercial property that is being financed by the loan assigned in favour of the Bank, at the minimum ratio of 0.7:1 or another property registered in the cadastre at the minimum ratio of 1:1.3 and

- property insurance assigned in favour of the Bank

LOAN REPAYMENT

Monthly in dinar equivalent of the euro, at the NBS middle exchange rate on the date of paying a monthly instalment

DOWNPAYMENT

Min 30% of the property’s sales value

 

In all cases where the security for the loan is a pledged property, costs arise when a loan is granted, such as valuation expenses, expenses for insurance, certificates, confirmations, licences, statements and decisions of competent bodies, cost of registering mortgage, etc. These expenses are included in the example.

EXAMPLE:

TYPE OF LOAN

LOANS WITH CURRENCY CLAUSE FOR THE PURCHASE OF COMMERCIAL PROPERTY

SALES VALUE OF PROPERTY

EUR 30,000.00

DOWNPAYMENT (MIN 30%)

EUR 9,000.00

LOAN AMOUNT

EUR 21,000.00

REPAYMENT PERIOD

120 months

LOAN CURRENCY

Dinar loan indexed in EUR

INDEXING CRITERIA

EUR – NBS middle exchange rate

NOMINAL INTEREST YEAR PER ANNUM

5% fixed, for the first 60 months

6M EURIBOR + 5%, variable after 60 months

Margin of 5% is fixed

 

THE BANK’S FEE (2% OF THE LOAN AMOUNT)

EUR 420.00

MONTHLY INSTALLMENT

EUR 222.74 – for the first 60 months

EUR 221.93 – after 60 months

LOAN COLLATERAL

-       Two promissory notes from the borrower

-       First ranking mortgage

-       Property insurance at insurance firms

MORTGAGE REGISTRATION TAX

RSD 20,000.00

PREPARATION AND VERIFICATION OF LIEN STATEMENT AT THE NOTARIES PUBLIC

RSD 10,080.00

ANNUAL PROPERTY INSURANCE

EUR 40,00(RSD 4.918,42)

COST OF ISSUING THE PROPERTY FOLIO

EUR 10,00(RSD 1.229,60)

COST OF PROPERTY VALUATION

EUR 100,00(RSD 12.296,07)

COST OF VALUING THE MORTGAGED PROPERTY
(EVERY 3 YEARS)

Max EUR 80,00(Max RSD 9.836,85)

COST OF OBTAINING A REPORT FROM THE CREDIT BUREAU

RSD 246.00

COST OF ISSUING PROMISSORY NOTES

RSD 100.00

TOTLA AMOUNT OF LOAN INCL. INTEREST

EUR 26.680,20

EFFECTIVE INTEREST RATE

6.50%

 

Calculation is as of 01.06.2016.
6M EURIBOR as of 27.05.2016 was -0.149%

 

*The example shows a calculation for the Bank’s clients.