FINANCIAL LOANS AND CREDITS

For whom the loan is designed:

These loans are designed for physical and legal entities, who don´t have to prove their income. Pledge of realty, which will sufficiently cover the loan´s value, will serve as a surety.
Differences from other products (loan for traders and businesses):

the loan is available also for physical persons

clients don´t have to prove their income

Specification:

amount of the loan: 1 500,00 € and more

maturity: 1, 2, 3, 4, 5, 6, 9, 12, 18, 24, 30, 36, 42, 48 months (adjustable to the applicant's requirements)

payments: usually on regular monthly basis (this may be subject to custom adjustment according to applicant's requirements)

provision: bank transfer payment to the client's account

surety: pledge of immovables, promisory note

others: no purpose stated, possible revolving (provision of another resources in the course of paying up)

Conditions of approval:

individual assessment of each application with regards to the quality of the collateral

Documents necessary to make an application – physical entities:

Copy of 2 identifications: always applicant's ID (also spouse's ID) + 2. identification (for ex. Driver´s licence...)

bank connection

annexes related to the surety (extract from the Cadastral office, Contract of purchase, pictures, technical reports etc.)

valid insurance contract of the collateral

any of sites concerned (applicant, codebtor) can´t be in bankruptcy

Documents necessary to make an application – legal entities:

Copy of extract from the Commercial Register (not older than 1 month)

persons competent to act for the company attach copy of 2 identifications: always applicant's ID (also spouse's ID) + 2. identification (for ex. Driver´s licence...)

bank connection

annexes related to the surety (extract from the Cadastral office, Contract of purchase, pictures, technical reports etc.)

any of sites concerned (applicant, codebtor) can´t be in bankruptcy

Advantages of the loan:

the biggest advantage is easy access to the loan for businesses and physical entities

free of charges and individual assessment of application

amount of the loan depends on „quality“ of collateral

no employer´s certificate of income is necessary to enclose to the application

for client – physical person is not obligatory to quote data about employer.

Interested in credit?

Example of APR calculation
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