The “Commercial Mortgage Loan”, is a loan type introduced within the Investment Loan Product, targeting SMEs, particularly commercial entities seeking ling-term funding for acquiring commercial spaces in Residential Complexes, Commercial Centers, etc.
General Conditions:
Loan Purpose - Purchasing of Commercial Units in Residential Complex, Commercial Centers, Purchasing of Commercial Buildings with aim to open supermarkets, retail sales units etc., Transferring Commercial Units from other banks.
Maximum loan amount - Up to 1,000,000 Euro, or equivalent in All
Loan Maturity – 15 Years
Interest Rates:
For Euro Loans: 5% fixed for the first 3 years, then 1 Year Euribor + 4% (not less than 5%).
For ALL loans: 5% fixed for first 3 years, then 1 year T-Bill + 4%, (not less than 5%)
Loan Repayment: In the initial 5 years, 25% of the principal should be amortized, in the second 5 years, 35% of the principal should be amortized, and in the last 5 years, 40% of the principal should be amortized.
