Mihail Kogalniceanu loan

This loan is offered within “Mihail Kogalniceanu” governmental program, carried out during 2011 – 2013 with the aim of sustaining the development of SMEs by means of a credit line with partially subsidized interest rate and, where the case, with state guarantees.

Type and purpose of loan: revolving credit line, multiple draws, for current activity financing

Loan value: Maximum 125,000 RON, but no more than:

• 30% of company’s yearly turnover if there are other short-term financing facilities in progress
• 50% of company’s yearly turnover if there are no other short-term financing facilities in progress

Maturity: 12 months maximum, with the possibility of extension over the program period.

Reimbursement: The loan is reimbursed in full upon maturity.  The interest rate borne by the customer, calculated according to the loan contract, will be paid on a monthly basis.

Interest rates and fees:

Interest rate	ROBOR 6M + 5%
Granting fee	0.5% which will be paid once at the first loan draw
Monthly administration fee	0.1% calculated at the balance value of the used loan

Benefits

• The interest rate is subsidized by the state up to maximum 70%, but no more than 6.5% per year out of the balance of the loan used
• Guarantee letter issued by FNGCIMM for maximum 80% of loan value, no more than 100,000 RON
• Quick approval decision

How to apply

• Sign-in your loan request on AIPPIMM website and choose Garanti Bank.
• After you receive a positive answer regarding your company’s eligibility, come to any Garanti Bank agency and submit your loan file.