Loans for refinancing credit liabilities
Refinancing of current loans to companies engaged in the following activities: production, tourism, hospitality, services, trade and agriculture. In this way, favorable long-term loans are provided to the end user, which achieves long-term financial stability and balance.
Interest Rate is 4.90% on annually level along with proportional the system calculation interest.
Depending on the price of the available sources of financing, the interest rate may be higher, with which the beneficiary of the Fund's funds should be properly informed.
The fee for direct arrangements is 0.30% of the approved loan amount.
Users credit are due credit resources use accordingly with this program and in obligation are provide IDF MNE evidence of closure of the loan that is the subject of refinancing, IDF MNE funds will be transferred directly to creditors who have debt in order to refinance them.
IDF MNE JSC can pay the loan amount specified in the certificate of debt status issued by financial institutions, which cannot be older than the date of application for loan funds. Only the remainder of the funds can be paid to the account of the loan beneficiary, which represents the difference in the debt that is being refinanced, arising from the moment of applying for the loan to the moment of realization of the loan.
Note: IDF MNE JSC also implements this Program by means of commercial banks. More details see in the text Program.
The goal program and purpose
The purpose of the loan is exclusively for the refinancing of existing credit obligations, based on the evaluation of the justification of the refinancing.
Users
Loan beneficiaries can be companies engaged in the following activities: production, tourism, catering, services, trade and agriculture .
The end users of these credit arrangements can be entities that provide a certificate from the Tax Administration that they properly settle their tax obligations.
Security instruments
As instruments security loan IDF MNE JSC will to accept promissory notes , mortgages on the real estate , banking guarantees , guarantees unit local self-government , guarantees of the Government of Montenegro , sureties creditworthiness legal persons , pledges receivables, premiums, subsidies, grants and direct payments which provides Ministry of agriculture and rural development and others usual instruments security in banking business in accordance with valid politics collateral and decisions competent authorities of IDF MNE JSC.
All costs related to the acquisition of security instruments and the implementation of operations related to insurance, deletion and return of realized instruments are borne by the credit user.