Development Loan

Loan Purpose: Purchase, repair and modernization of fixed assets

Loan amount: Up to RUB 150,000,000

Loan currency: RUB

Interest rate: Individual

Loan term: Up to 3 years

Monthly payment

• principal repayment by equal monthly instalments;
• grace period for the principal amount is provided for not more than 6 months for loans with the loan term of up to 12, and not more than 12 months in the event of loan term of more than 12 months

Requirements to collateral – forms of loan security:

• pledge of the immovable property
• pledge of the motor transport
• combined pledge (immovable property of at least 50% of the total pledge structure, motor transport, equipment, stock-in-trade maximum 30% of the total pledge structure)
• suretyship by business owners, suretyship by a spouse/and/other relative
• suretyship by a guarantee fund

Commissions for granting loan:

• up to 1% for granting loan;
• 1.5% for unspent lending ceiling

Loan terms

• Initial instalment of 20% of the cost of the machinery purchased. The initial instalment amount depends on the kind of equipment and the rate of its wear

Forms of loan product granted

• single-payment loan, non-revolving credit line