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Micro Loan

Product Parameters:

Amount Up to ALL 5,000,000 or Equivalent in other currencies
Maximum Tenure
  • Up to months: 60 

Investment in a movable property: up to 36months 
Investment in an immovable property: up to 60 months 
Overdraft 12 months 

  • Working capital needs: up to 36 months
Loan purpose
  • Business activity financing: 

Investment in an immovable property to be used for business purposes
Investment in a movable property (e.g equipment; machinery; vehicle

  • Working capital needs (e.g paying suppliers; paying taxes etc.)
Collateral
  • Up to 1,5 1,500,000 ALL 

Personal Guarantee of the business owners (e.g husband and wife if family business) and 
Pledge on movables (cars, production lines, office equipment, inventory etc or 
Mortgage on immovable properties (business premises, apartment, villas, land etc) or combined collaterals.

  • 1,500,001 ALL - 5,000,000 ALL 

Mortgage on immovable properties (business premises, apartment, villas, land etc) or combined collaterals

Repayment
  • For the OD:  Monthly interest payment, principal at the maturity
  • For the TL:   Equal monthly instalments 

Eligible clients

  • Local Individuals - Sole traders and Companies with declared turnover below ALL 14 million based on the analysed data
  • Client is operating the activity since at least one year 
  • Client has the license before the application 
  • Clients operating in local markets should have paid the municipality taxes

1.Legal Documents:

  •  NIPT 
  • QKR extract 
  • By law of the Company 
  • Passport of the Administrator 
  • Other documents required case by case 
  • Financial statements (declared and real ones) 
  • Account statements in other banks 
  • Foundation act 
  • Certificates from Bailiff Office, Tax Authorities etc.

2. Financial Documents:

  • Balance sheet (official + real data) 
  • Profit & Loss 
  • Cash flow 
  • Contracts with customers, suppliers 
  • Other docs. Required case by case

3. Collateral Documents

  • Fresh cartel 
  • Origin of Property Verification 
  • Certificate of the property 
  • Property Insurance 
  • Other docs. Required case by case

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