Exchange Rates

22/10/2016  Buy Sell
CZK 27.7010  26.3490 
USD 1.1150  1.0600 
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Investment loan eu-rdp

The product is intended for business entities, which:

  • are legal entities or natural persons with seat or registration in the territory of the Slovak Republic
  • farm on agricultural land
  • have authorisation to conduct business activity in agriculture
  • have elaborated project in a form determined in the Handbook of Applicant for Irrecoverable Financial Aid
  • have an opened special subsidy account in the bank for receipt of the support from the Agricultural Paying Agency

Advantages of the product

  • loan up to 100 % of the amount of projected expenses
  • financing purchase of movable assets and smaller modernisations being subject-matter of the project of support EU – RDP SR for years 2007 – 2013 
  • the loan is typical for:
    • lump-sum or gradual drawing of the loan up to 2 years
    • gradual repayment of the loan from support from the APA and/or in a form of instalment schedule for a period of 4 years after completion of the deadline for loan drawing
  • individual fees for assumption of obligation to grant the loan, preliminary instalment of loan principal and fee from not drawn sum
  • zero fee for processing application for loan granting
  • keeping special subsidy account free of charge

Conditions and parameters of the product

  • security for loan – power of pledge to:
    • object of financing within the framework of project implementation: 
      • movable assets and/or immovable assets of the client
      • claim from account of support  
    • possibly other movable or immovable assets
    • possibly blank bill of exchange
  • the bank grants the loan to clients who:
    • are not in delay in paying taxes, customs, in fulfilment of their obligations towards employment office, social insurance company and health insurance companies
    • have no payables after period of maturity towards other banks
    • are not in bankruptcy or on whom no execution order has been issued.