The Shop Improvement Loan is designed to fulfill the necessities that individuals have for the improvement of the premises of a shop/office that they own. From this product can profit individuals that will use the premise for rent purpose, individuals (owners of an activity). Also, Self-employed professionals (doctors, notary advocate, pharmacist, accountant etc.), may apply in order to improve their working environment.
Terms and conditions of the Shop Improvement Loan
|Terms and conditions|
|Maximum loan amount||Up to 12,000,000 ALL / Euro 100,000|
|Maximum maturity||Up to 15 years|
|Interest rate starts from||1Y T-Bill + 3.2% for ALL currency 1Y Euribor+ 4% for Euro currency|
(Loan amount/ Open Market Value of the collateral offered)
|75% ( not more than preventive value)
|Collateral||Real estate property only, considered as marketable (credit object is preferred)|
For further information on the product terms and conditions click at the pre-contractual standardized information letter below.