Power to Local Producers
You empower the economy, TEB empowers you. For local producers, loans with grace period with 0% interest for the first 6 months!
Considering the created situation in the country as a result of COVID-19 pandemic, TEB Bank aims to support businesses to overcome the difficulties encountered and for potential development of business activities, with special focus on clients with local production and local trading products activity.
Who can apply for a loan?
All local production businesses operating in the Republic of Kosovo and local products trading businesses.
- Loan amount starting from: 20,000 EUR for agro businesses
- Loan amount starting from: 50,000 EUR for businesses
- Administrative expenses: 0.50%
- Loan maturity up to: 84 months
- Grace period: the first 6 months of the loan with 0% interest
- Effective interest rate (after the grace period) starting from: 4.40%
What do you need to apply?
- Valid identification document (identity card, passport or driving license)
- Your business documents
Additional documents that may be required based on the value of loan:
- Mortgage: Possession certificate and copy of plan (not older than 6 months)
- Car registration certificate (the car must not be older than 12 years)
Example: Bank financing: 100,000 Euro, Loan maturity: 84 months, Annual interest rate: 4.80%, Administrative expenses: 0.50%. The total amount that the client must repay by the end of the contracted term is: 117,968.53 Euro.
The offer is valid until 30.11.2020.
TEB, the Bank for a changing world!