BUSINESS LOAN IN LEK


    

• Do you want to expand your business?
• Are you thinking of buying new equipment or machineries?
• Do you have ideas and initiatives to start a new business?

You can achieve these through our product ”Business Loan”

Fondi BESA supports you to finance any income generating activity, to finalize your projects, to improve technology, purchase equipment and machineries, increase inventory, etc.
With the Business Loan, you will not face any interest rate change over the entire duration of the loan. That is, in order for you to be able to plan at the time of receiving the loan what the amount of the loan installment you will pay each month.

 

Criteria to Benefit the Loan:
• Customers who apply must have the necessary knowledge and experience of the activity they are applying for financing.
• Customers must own 30% of the funds needed for funding and Fondi BESA offers up to 70% of the investment value.

  

LOAN CHARACTERISTICS:

   

AMOUNT The maximum loan amount is ALL 5,000,000
For special cases, Fondi BESA considers loans over ALL 5,000,000
CURRENCY Lek (ALL)
DURATION Up to 8 years (96 months) for amounts up to ALL 5,000,000
Up to 10 years (120 months) for amounts over ALL 5,000,000
FEE 1-4% according to the loan term
COLATERAL Mortgage, Lien, Pledge, Endorsement depending the loan term and
amount.
REPAYMENT Depending on client preference:
Flat – equal installments for the whole repayment period.
Declining – Interest is calculated on the remaining amount of principal.
INTEREST Interest rate is consistent with:
• Loan amount and terms
• Collateral to be used as a guarantee for the loan
• Number of loans the client has benefitted

  

For further information and loan examples with effective interest please download the Leaflet

 
 

Example :

 

Loan AmountMonthly InstallmentTerm (months)
1,000,00032,60148
2,000,00049,77872
10,000,000210,17884

  

Figures are approximate. For accurate figures, you need to get the right information at your nearest office of Fondi BESA in your city.

Please download the Standardized Pre-contractual Information Leaflet

  

NOTE:
The following types of business do not benefit this loan:
• clubs / casinos,
• gamblings / slot machines,
• insurance agencies / services,
• political parties,
• pornographic or similar activities,
• trade and production of weapons,
• as well as any kind of activity that harms the environment

BUSINESS LOAN IN EURO


    

• Do you want to make an investment in EURO?
• Do you have your income in EURO?
• Does your business conduct transactions with international companies?

 

Fondi BESA offers you loans in EURO currency!

This is to facilitate the investment and loan repayment process by reducing the exchange rate risk the client mightface.
The client will have no change in the loan installment even if there is fluctuations in the foreign exchange rate.

  

LOAN CHARACTERISTICS:

   

  AMOUNT   Up to 40,000 EURO
For special cases Fondi BESA considers disbursing loans to the amount more than 40,000 EURO
  CURRENCY   Euro
  TERM   Up to 8 years (96 months) for amounts up to 40,000 EURO
Up to 10 yars (120 months) for amounts over 40,000 EURO
  FEE   1-4% according to loan terms
  COLLATERAL   Mortgage, Lien, Pledge, Endorsement depending the loan term and
amount.
  REPAYMENT Depending on client preference:
Flat – equal installments for the whole repayment period.
Declining – Interest is calculated on the remaining amount of principal.
  INTEREST   Interest rate is consistent with:
• Loan amount and terms
• Collateral to be used as a guarantee for the loan
• Number of loans the client has benefitted

For further information and loan examples with effective interest please download the Leaflet

 

Example :

 

Amount of LoanMonthly installment Term (months)
5,00018448
15,00038172
21,00039884

  

Figures are approximate. For accurate figures, you need to get the right information at your nearest office of Fondi BESA in your city.

Please download the Standardized Pre-contractual Information Leaflet

PERSONAL LOAN


    

Is your business under the licencing proces and you need financing? Fondi BESA supports you financially to continue your activity!

Interest rate remains unchanged throughout the loan duration!

Advance payment option without any commission or fine surcharge!

LOAN CHARACTERISTICS:

   

  AMOUNT   Up to 1,500,000 ALL
  CURRENCY   LEK (ALL)
  TERM   Up to 7 years (84 months)
  FEE   1-4% according to loan term
  COLLATERAL   Mortgage, Lien, Pledge, Endorsement depending the loan term and amount.
  REPAYMENT Depending on client preference:
Flat – equal installments for the whole repayment period.
Declining – Interest is calculated on the remaining amount of principal
  INTEREST   Interest rate is consistent with:
• Loan amount and terms
• Collateral to be used as a guarantee for the loan
• Number of loans the client has benefitted

  

For further information and loan examples with effective interest please download Leaflet 1 and Leaflet 2

SME LOAN


This low-interest loan supports Albanian small and medium-sized enterprises in order to develop them and will be used to finance SME projects, for investments, business expansions or technology improvements.
The SME Loan provides for the provision of a more favourable interest rate and repayment period compared to those in the market for SMEs that want to purchase goods and services made in Italy.

Who can apply?

All entities: natural or legal persons, that own or represent micro, small and medium (SMEs) enterprises and that currently operate an entrepreneurial activity or that would like to start-up an activity in Albania.

 

Eligibility criteria

For SMEs:

• The company is registered in Albania;
• Not less than 51% of the company's capital is under the ownership of an Albanian citizen;
• The annual turnover is lower than 10 million Euro;
• The number of employees is lower than 250.
Loan criteria for SMEs

The scope of the loan:

• At least 70% of loan funds should be used to purchase equipment, machineries, technologies, technical assistance, industrial licenses, maintenance, spare parts and raw materials made in Italy;
• Maximum 10% of the loan funds can be used to purchase raw materials relevant to the principal investment;
• Maximum 30% of the loan funds can be used to cover local costs or from other neighbouring developing countries.
Loan criteria for small projects


Project value:

• From 15,000 Euro to 50,000 Euro.

Target group:
• Newly established micro, small and medium enterprises (Start-up) or existing ones.

The scope of the loan:

• At least 40% of the loan funds should be used to purchase equipment, machineries, technologies, technical assistance,
industrial licenses, maintenance, spare parts and raw materials made in Italy;
• Maximum 60% of the loan funds can be used to cover local costs or from other neighbouring developing countries.

What cannot be financed?


• Local taxes, custom duties, VAT;
• Investments in the free time and entertainment sector (gambling, bars and restaurants), real estate, arms, drugs and alcoholics,
tobacco and by-products, production of products forbidden by the European Union countries for import and export as per the
international agreements.
Which are the loan criteria?


Repayment period:
• From 3 to 8 years.


Grace period::
• From 1 to 2 years (only the interest rate shall be paid during this period)


Interest rate applied:
• A maximum of 3% annual interest for loans in Euro;
• A maximum of 4% annual interest for loans in ALL;
Which SMEs, Projects and Sectors are a priority to the Programme?


Priority micro, small and medium (SME) enterprises:

• Information and Communication Technology enterprises;
• Enterprises owned (at least 51%) or administered by women entrepreneurs;
• Manufacturing enterprises;
• Exporting enterprises (exporting at least 50% of the total sales);
• Newly established enterprises by Albanian immigrants residing in Italy.
• Enterprises falling in industrial areas/parks;


Priority projects/sectors:

• Investment projects in Information and Communication Technology;
• Projects in agriculture and agri-food sector;
• Projects that conduct clean production with a low impact on the environment;
• Projects that generate new jobs;
• Projects for the generation of energy from renewable resources;
• Projects that promote energy efficiency conservation;
• Projects located in less developed areas of the country (outside Tirana-Durres area)
What are the benefits of priority projects?


A project deemed as a priority shall benefit:

• 2 years of grace period, (only interest shall be paid); deferral principal;
• A guarantee from the Guarantee Fund that will cover up to 60% of the required loan amount.