CKB

Mortgage loan with tourism option

  • Loan purpose:to enable clients to finance their business operation in the long term. To finance investments such as procurement of movable fixed assets (production facilities, machines, vehicles, IT hardware or software) or (immovable) real estate purchase or reconstruction, like retail premises, office or warehouse.The loan can be used for renovation and /or construction of additional tourism facilities - apartments, swimming pools, purchase of a boat and similar long term investments for the tourist season.
  • Loan amount: up to EUR 150.000.
  • Maturity: up to 120 month.
  • Grace period: up to 6 months (specialgrace” for tourism is seasonal repayment).

Product price

The interest rate and approval fee are determined on the basis of economic and financial analysis of the company, credit history, turnover on the account with CKB, collateral quality and value.

Security

  • Personal promissory note
  • Company promissory note
  • Authorization of collection rights of the company
  • Mortgage

Product advantages

  • Fixed interest rates up to 120 months;
  • Seasonal repayment option applicable based on business activity;
  • Start-up companies (less than one year of existence) may apply for maximum EUR 50.000 (financing start-up companies is not applicable for tourism option);
  • Business plan is not mandatory.

How to apply for a loan?

The SME loan application, along with the necessary documentation, should be submitted to a SME Relationship Manager. Upon the completion of the decision-making process, the SME Relationship Manager will inform the client whether the application has been approved and upon which terms and conditions.Detailed information about the product may be found in the info-sheet.

Approval of SME loans depends upon internal criteria of the Bank and general business conditions of CKB.

Information

You can get more details about the product by visiting the nearest CKB branch or by calling the CKB Call Centre at 19894.