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Loans
Revolving Loan
Purpose: provides you with the capital for financing short-term needs.
Interest Rate: Competitive floating rate on a quarterly basis.
Duration: Indefinite. An initial limit is approved to cover your needs with “pay as you go repayment philosophy” with periodic renewals or a new loan limit generation.
Loan Amount: Depending on the business financial records.
Currency: In euros and in main foreign currencies.
Working Capital
Purpose: Working capital for financing long-lasting needs.
Type of Loan: Fixed amount with fixed repayment plan in monthly or quarterly installments.
Interest Rate: Competitive floating rate.
Duration: Usually, from 1 to 5 years.
Loan Amount: Depending on the business financial records.
Currency: in euros.
Loan Funds Release: In one lump sum.
Loan of Fixed Duration and Fixed Interest for the First Year (premises/equipment))
Purpose: Purchase-Construction-Renovation of Premises.
Type of Loan: Fixed duration with fixed repayment plan in monthly or quarterly installments with the option for an installment waiver scheme.
Interest Rate: Competitive rate.
Duration: Usually, up to 10 years.
Loan Amount: Up to 100% of the contract value (purchase) or 100% of the approved expenditure estimate as issued by the bank’s technical department (for construction or renovation purposes).
Currency: In euros and in main foreign currencies.
Loan Funds Release: In one lump sum, in case of premises purchase. Released gradually, depending on the progress of works, based on relative technical reports.
Insurance Covers: Compulsory insurance against fire & earthquake for the mortgage value.
Loan of Fixed Duration and Floating Interest (premises/equipment)
Purpose: Purchase-Construction-Renovation of Premises.
Type of Loan: Fixed duration with fixed repayment plan in monthly or quarterly installments with the option for an installment waiver scheme.
Interest Rate: Competitive rate.
Duration: Up to 10 years.
Loan Amount: Up to 100% of the contract value (purchase) or 100% of the approved expenditure estimate as issued by the bank’s technical department (for construction or renovation purposes).
Currency: In euros and in main foreign currencies.
Loan Funds Release: In one lump sum, in case of premises purchase. Released gradually, depending on the progress of works, based on relative technical reports.
Insurance Covers: Compulsory insurance against fire & earthquake for the mortgage value.
Letters of Guarantee
PROBANK issues any type of letters of guarantee for local or international use.
On behalf of an individual or of a Legal entity, our branches may issue a letter of guarantee in euros or any foreign currency.
In cases of international business partnerships PROBANK and its broad network of correspondent banks throughout the world, will serve your company needs promptly with the most competitive market rates.
