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Raiffeisenbank offers new, more attractive conditions for financing small and medium-sized business
08 November 2004
- Microloans are with 2% lower interest rates and up to BGN 10,000.
- More attractive mortgage loans for companies – annual interest rates are reduced to 8.5% for loans in Euro and to 7.3% for loans in US dollars
Due to the great interest of the new product of Reiffeisenbank (Bulgaria) EAD - Microloan for the small business and people with liberal professions the bank is offering even more attractive conditions to its clients, as of 01.11.2004. The Microloans will be granted for the amount of up to BGN 10,000, at 15% interest rate p.a. The repayment term has been prolonged to 36 months, while the loan is guaranteed only by a promissory note.
The bank has reduced the initial interest rates on mortgage loans for SMEs. With the mortgage loans can be financed the purchase of equipment, real estate, construction – repairing works and furnishing, as well as working capital. The new promotional interest rates are 7,3% for loans in USD and 8,5% for loans in EUR, while the required collateral is real estate mortgage. The term of the investment loans can be up to 7 years, without application fee.
The new levels of the interest rates on the mortgage loans for companies will be valid for the first year of the loan’s term, while the promotional offer will be in force until 31 December 2004.
For more information: “Public relations”, Tel. 91 985 174, 167
