Refinancing - Small Business | Societe Generale

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Refinancing loan

Refinancing loan is approved quickly and with minimal collateral instruments. Save your time and focus your attention to the important aspects of your business

Refinancing loan features

Refinancing loan is intended for refinancing of the loans at the other banks

Currencies in which the loan is granted are EUR, in dinar equivalent at the average exchange rate of NBS on the day of loan disbursement and RSD.

  • in dinar equivalent at the average exchange rate of NBS on the day of submitting the application.

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Representative examples of refinancing loans
Representative example of refinancing loan with fixed interest rate in RSD
Loan amount6.000.000 RSD
Repayment period60 months
NIR annually11,95%
Monthly instalment133.879 RSD
Administrative fee (0%)0 RSD
Costs associated with loan approval, known at the time of publishing
Debtor bill of exchange1.000 RSD
Owner bill of exchange100 RSD
Debtor Credit Bureau report:600 RSD
Owner Credit Bureau report:102 RSD
EIR annually 12,83%
Total amount of loan (principal, interest and costs)8.032.736 RSD
EIR calculated on 24/3/2017
Representative example of refinancing loan with fixed interest rate in EUR
Loan amount50.000 EUR
Repayment period60 months
NIR annually7,95%
Monthly instalment1.016 EUR
Administrative fee (0%)0 EUR
Costs associated with loan approval, known at the time of publishing
Debtor bill of exchange1.000 RSD
Owner bill of exchange100 RSD
Debtor Credit Bureau report600 RSD
Owner Credit Bureau report102 RSD
EIR annually 8,38%
Total amount of loan (principal, interest and costs)60.935 EUR
EIR calculated on 24/03/2017

The Bank adjusts the outstanding loan amounts indexed in EUR with variations in NBS middle exchange rate for EUR each last day of the month, by applying the exchange rate valid on the respective date against the exchange rate that was in effect on the last day of the previous month, except for the first month when adjustment is made according to the exchange rate that was in effect on the day of loan disbursement.

Representative example of refinancing loan with variable interest rate in RSD
Loan amount6.000.000 RSD
Repayment period60 months
NIR annually7,95% + one-month BELIBOR
Monthly instalment132.986 RSD
Administrative fee (0%)0 RSD
Costs associated with loan approval, known at the time of publishing
Debtor bill of exchange1.000 RSD
Owner bill of exchange100 RSD
Debtor Credit Bureau report600 RSD
Owner Credit Bureau report102 RSD
EIR annually 12,50%
Total amount of loan (principal, interest and costs)7.979.163 RSD
EIR calculated on 24/03/2017

The interest rate is variable and consists of a reference interest rate - one-month BELIBOR, as a variable rate, and Bank’ margin as a fixed rate, in accordance with Bank’s Tariffs. Variable interest rate is adjusted on the first business day of each month for the current month, in accordance with changes in the reference BELIBOR rate which, on the day of calculation of the example on 24/03/2017 was 3,71% on annual basis.

Representative example of refinancing loan with variable interest rate in EUR
Loan amount50.000 EUR
Repayment period60 months
NIR annually7,95% + one-month EURIBOR
Monthly instalment1.010 EUR
Administrative fee (0%)0 EUR
Costs associated with loan approval, known at the time of publishing
Debtor bill of exchange1.000 RSD
Owner bill of exchange100 RSD
Debtor Credit Bureau report600 RSD
Owner Credit Bureau report102 RSD
EIR annually 8,12%
Total amount of loan (principal, interest and costs)60.588 EUR
EIR calculated on 24/03/2017

The Bank adjusts the outstanding loan amounts indexed in EUR with variations in NBS middle exchange rate for EUR each last day of the month, by applying the exchange rate valid on the respective date against the exchange rate that was in effect on the last day of the previous month, except for the first month when adjustment is made according to the exchange rate that was in effect on the day of loan disbursement. The interest rate is variable and consists of a reference rate - one-month EURIBOR, as a variable rate, and Bank’ margin as a fixed rate, in accordance with Bank’s Tariffs. Variable interest rate is adjusted on the first business day of each month for the current month, in accordance with changes in the reference interest rate which, on the day of calculation of the example on 24/03/2017 was -0,238% on annual basis.

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