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Business premises loan

Is it time to purchase, extend or renovate your business premises? Do you have your own business premises and are thinking of buying another property for investment?

We will help you to accomplish your plans with a loan that will meet both the needs and the repayment capabilities of your business. 

What you should know

You select the type of interest rate on your loan. There are loans with a fluctuating interest rate or a fixed interest rate for the first three or five years and then a return to a fluctuating interest rate. Fixed interest rate plans are offered for loan amounts up to €600,000.

For the purchase of property you will have to contribute an amount from your own funds and the balance will be financed by us. The contribution required is likely to vary depending on the purpose of the purchase as follows:

  •  For the purchase of business premises in a light industrial/industrial/free zone we would  ask for a contribution of 20%.
  •  For the purchase of business premises in a residential zone we would ask for a contribution of 30%.
  •  For the purchase of property for investment purposes we would ask for a contribution of 40% (for buildings) or 50% (for plot of land/field)

Loans have a repayment term of up to 20 years. The maximum age of the customer at the time of repayment is 65 years.

Collateral security is necessary. Usually, a mortgage is taken on the property to be purchased/extended/renovated.

A grace period is given for the repayment of the loan, in other words, an opportunity to pay a very low instalment or no instalment at all as follows:

  •  On capital: Up to 2 years, for a purchase/extension/renovation and investment
  •  On capital and interest: Up to 2 years if the property is under construction ( not applicable if the loan is granted for investment purposes). 

 

Table of Business Premises Loans up to €600,000

 

Purpose of the loan

Loan options

Pricing  

Purchase / Extension / Renewal

 

  

With fluctuating interest rate in Euros   

BBHR +1.50%

Euribor 6m + 3.75%

3 Years Fixed

3 years @3.75%
and then  BBHR +1.5%

3 years @3.75%
and then Euribor 6m+3.75%

5 Years Fixed

5 years @4,0%
and then  BBHR +1.5%

5 years @4,0%
and then Euribor 6m+3.75%

Investment

With fluctuating interest rate in Euros   

BBHR +4.0%

Euribor 6m + 6,25%

3 Years Fixed

3 years @6.25%
and then  BBHR +4.0%

3 years @6.25%
and then Euribor 6m+6.25%

5 Years Fixed

5 years @6.5%
and then  BBHR +4.0%

5 years @6.50%
and then Euribor 6m+6.25%

 

  Table of Business Premises Loans over  €600.000

 

Purpose of the loan

Loan Options

Pricing            

Purchase / Extension / Renewal 

With fluctuating interest rate in euros 

BBHR +2.0%

Euribor 6m+4.25%

Investment 

With fluctuating interest rate in euros

BBHR +4.50%

Euribor 6m+6.75%

 

  •  BBHR (Bank Base Housing Rate) = 2,08%
  • Euribor 6m =0,0%. The Bank sets a minimum percentage of 0% for Euribor 6m.
  • Minimum repayment time

              10 years for fluctuating interest rate plans

               15 years for fixed interest rate plans

 Charges
Learn more about charges here.

 

Warning:

The Bank reserves the right to reject any application at its discretion and to withdraw any plan at any time. The interest rate and the loan instalment may be modified by the Bank from time to time.

You run the risk of losing your property if you do not pay keep up regular payments of instalments on a mortgage or any other loan secured by a mortgage on your property.

CONTACT US 800 00 800 / (+357) 2212 8000 EMAIL US