Short-term loans
Short-term loans are loans with repayment period up to 12 months. This type of loan allows corporate customers to overcome the obligation between the inflow and outflow of funds, maintaining the continuity of the business processes and current liquidity.
The following short-term loans are offered by Ziraat Bank Montenegro:
- Short-term revolving loans
- Annuity short-term loans
- Short-term loans with 100% deposit coverage
- Overdraft loans – allowed limit on transaction account
Documents required for the consideration of loan applications are as follows:
- Status documentation
- Request for a loan,
- A set of financial documents (statements for the previous three accounting periods),
- Security Instruments, information about proposed collateral
- Investment project, in case of investment loans
- Additional documentation required by the Bank
Collaterals can be:
- Cash deposit
- Guarantee
- Mortgage
- Pledge
- Bill of Exchange
- Other
- More of the aforementioned collaterals
Long-term loans
Long-term loans are granted for a period of 13 to 120 months, to fund long-term needs of corporate customers, small and medium as well as large commercial entities.
Long term loans are generally used for purchase of fixed assets including machinery and equipment, investment in modernization of business premises and production facilities as well as investment in new capacity for businesses. Greenfield investments are also the subject of long term loans.
Documentation required for the consideration of loan applications are as follows:
- Status documentation
- Request for a loan
- A set of financial documents (statements for the previous three accounting periods)
- Security Instruments, information about proposed collateral
- Investment project, in case of investment loans
- Additional documentation required by the Bank
Collaterals can be:
- Cash deposit
- Guarantee
- Mortgage
- Pledge
- Bill of Exchange
- Other
- More of the aforementioned collaterals
Conditions for loan approval, amount of the loan, interest rates and fees, loan repayment period, collateral elements and other conditions, for all types of short-term and long-term financing, are to be defined by competent Bank authorities, in accordance with the conducted financial analysis and credit rating, accomplished turnover per transaction account, security instruments, credit history and experience with a customer.