1. Final Borrowers
- companies, craftsmen
- co-operatives, institutions
Final borrowers must meet the following minimum preconditions:
- minimum capital and reserves of 30% on the liabilities side of the
balance sheet
- mismatch in the balance sheet of a business entity, as measured by the
ratio between permanently tied-up assets and sources of funding
Final borrowers may not be large entrepreneurs (pursuant to the criteria of
the Small Business promotion Act), except large entrepreneurs engaged in
agriculture and large entrepreneurs operating in the area of special state
concern, the islands and hill and mountain areas. Loan approval to small and
medium entrepreneurs shall not be considered if:
- they paid out profit in the last two business years,
- they paid off their borrowing in the last two business years,
- they dispose of property (real estate) that is not used for performing
their business activities,
- they request a loan for restructuring, by which only loans of commercial
banks are intended to be repaid.
2. Purpose of Loans
- Loans are intended for the financing of investments aimed at changing
the maturity of sources of funds on business entities' balance sheets.
3. Manner of Implementation
4. Loan Amount, Disbursement Period and Repayment
| Loan amount |
- HRK 80,000.00 minimum loan amount; maximum loan amount is
not determined
- loans are contracted in HRK and are indexed to foreign
currency
|
| Disbursement period |
|
| Grace period |
|
| Repayment period |
- up to 10 years, grace period included
|
5. Interest Rate for Final Borrowers
Interest rate for the final borrower is determined at least in the amount of
basic rate increased by margin that is determined depending on the credit rating
of the final borrower and offered collateral pursuant to HBOR Regulations on
Determining Reference and Discount Interest Rate.
The basic rate is determined by the Croatian Competition Agency pursuant to
the valid state aid regulations. The valid basic rate is disclosed on web pages
of the Croatian Competition Agency (www.aztn.hr)
and on HBOR web pages.
Regardless of the above mentioned, nominal interest rate for the final
borrower may not be less than 6.0% p.a.
6. Loan Application Fee
0.8% one-off, charged on the committed loan amount
7. Commitment Fee
0.25% p.a., charged on the committed undisbursed loan amount, starting
30 days after the loan contract date
8. Security
HBOR accepts:
- bills of exchange and debentures
- pledge of property or transfer of fiduciary ownership of property
supported by a property insurance policy endorsed in favour of HBOR
- bank guarantees
- guarantees issued by HAMAG
- other collateral customary in the banking operations
Final borrowers negotiate collateral with commercial banks.
More detailed information relating to this loan programme can be obtained at:
HBOR, Strossmayerov trg 9, 10000 Zagreb
phone: 01 / 45 91 716
e-mail: gospodarstvo@hbor.hr