Subsidized loans for legal entities
KBC Banka approves the credits from legal entities and entrepreneurs from the program of the Development Fund of the Republic of Serbia:
- Subsidized credits for investments – legal entities
- Subsidized long-term credit for the procurement of trucks, construction machines, buses and software
Subsidized credits for investments – legal entities
Eligible for use of credits for co-financed credits for investments for legal entities are the investors on the territory of the Republic of Serbia registered in the Corporate Registers Agency:
Credit amount
- for entrepreneurs up to 30.000 EUR (for export operations 60.000 EUR)
- for small enterprises up to 200.000 EUR (for export operations 400.000 EUR)
- for medium enterprises up to 1.500.000 EUR (for export operations 3.000.000 EUR)
- for corporate enterprises up to 4.000.000 EUR (for export operations 8.000.000 EUR)
Credit conditions
- Interest rate: 3M EURIBOR + 4% on the annual level. If the guarantee of the Development Fund of the Republic of Serbia is needed (75% on the amount of assets disbursed by the Bank), interest rate is 3M EURIBOR + 2% on the annual level
- Repayment term: up to 5 years, with deferred repayment deadline from 6 to 12 months
- One-off fee for credit application processing: up to 1%
- Repayment mode: in equal monthly installments
Note:
Subsidization of interest rate will not be approved for credits used for the following activities:
- organization of games of chance, lottery and similar activities and purposes
- production and trade in goods and services considered as banned in accordance with local regulations and international conventions and agreements
- for refinancing of credits of another bank
All credit beneficiaries with granted credit are obligated to use the credit for the indicated purpose.
Subsidized long-term credit for the procurement of trucks, construction machines, buses and software
These credits intended for investments for procurement of trucks, construction machines, buses and software produced in the Republic of Serbia. Entitled to use the assets for long-term credits are the legal entities and entrepreneurs on the territory of the Republic of Serbia.
Credit amount
- for entrepreneurs up to 100.000 EUR in RSD counter value
- for legal entities up to 300.000 EUR in RSD counter value
Note:
For software procurement only loans in RSD are approved.
Credit conditions
- Interest rate: 4,5% on the annual level at comfort method
- Repayment term: up to 7 years, with deferred repayment up to 12 months
- One-off credit processing fee: up to 0,5%
- Repayment mode: in equal monthly annuities
Software procurement and instalation
- Interest rate: 7,5% on the annual level, fixed
- Repayment term: up to 3 years, with deferred repayment up to 12 months
- One-off credit processing fee: up to 0,5%
- Repayment mode: in equal monthly annuities
Note:
Subsidized interest rates will not be approved for credits used for rescheduling of existing credits in the same bank and for refinancing of credits in other bank.
All credit beneficiaries with granted credit are obligated to use the credit for the purpose indicated in the pro forma invoice which is the evidence that the truck/construction machine is produced in the Republic of Serbia. Early repayment can be performed only in the full credit amount. Fee: 2% of the early repaid amount.
Necessary documentation
- Status documentation:
- Founder’s act (in case there is one), mandatory for broker company
- Statute (if applicable) is mandatory for broker companies
- Valid decision on entry into Business Register in the Business Registers Agency, i.e. decision on entry into court register (for companies registered in the commercial courts), or act of competent authority on foundation (if the registration is not prescribed, or the company is founded on the basis of the law)
- Certificate on executed registration with Tax ID number
- OP form
- List of authorized signatures
- Extract from the Republic Institute for Statistics with registration number of activity for companies registered in the Business Registers Agency
- Extract from the Register of foreign legal entity, certified by the competent authority of the issuing country – for non-residents
- Financial documentation:
- Balance sheet
- Income statement
- Statistical annex
- Decision on classification of legal entity
- Report on cash flows (for medium and corporate legal entities)
- Report on changes on capital (for medium and corporate legal entities)
- Notes enclosed with the annual financial statement (for medium and corporate legal entities)
- Auditor’s report (for medium and corporate legal entities, as well as legal entities selling their long-term securities via public offer)
- Consolidated financial report
- Booking note on 31st December with signature and stamp of client
- Booking note for the month preceding the submitting of Request with signature and stamp of client
- prior to disbursement of facility for two previous calculation periods in course of request processing
- after disbursement of facility, for all calculation periods up to the final settlement of receivables (to be submitted after the certification by NBS)
- Additional documentation:
- Bank certificate as evidence that the legal entity does not have approved subsidized credits
- Monthly OD forms certified by the Tax Directorate for the period up to 31st December 2009
- Credit Beneficiary is obligated, upon expiration of first half of period of credit use, as well as 30 days prior to expiration of credit use, to submit monthly OD forms certified by the Tax Directorate for the period of credit use, as well as for the last month of calendar quarter which preceded the approval of credit
- For long-term credits, it is necessary to submit separately the Investment programs (program date cannot be older than 6 months)
- For long-term credits for procurement of trucks and construction machines produced in the Republic of Serbia, and after the expiration of 90-day period, invoice of procured vehicle/machine, fiscal bill and warrantee
Note: submitted documentation is not returned to the Applicant.
For additional information please call KBC Info telephone number (011) 30-50-575 any work day from 9:00 until 18:00 or visit our nearest branch office