Tourism Development Loans
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About the loan
Enhance your tourism facilities and gain a competitive edge in the market with Universal Capital Bank’s Tourism Development Loan. This product is designed to support your investments in modernisation, expansion, or construction of accommodation facilities, as well as other projects that contribute to the growth of the tourism sector.
Don’t wait! Take advantage of this opportunity and achieve your financial stability today. Contact us or visit the nearest branch to submit your application.
Option | Tourism Development Loans |
|---|---|
Nominal Interest Rate | 7.50 – 9.00% |
Maturity | up to 60 months |
Grace Period | 3-6 months |
Repayment Method | in accordance with the agreement |
Collateral | mortgage, pledge, guarantees, other |
One-Time Fee |
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Representative Example:
Total Loan Amount | 60,000 EUR |
|---|---|
Number of Installments | 60 |
Monthly Payment Amount (Installment) | 1,194.96 EUR |
Loan Processing Fee | 148.00 EUR |
Fee for Obtaining Data from the CBCG Credit Registry | 3 EUR |
Cost of Purchasing 5 Promissory Notes | 10.00 EUR |
Property Insurance Policy | 56.69 EUR |
Cost of Pledge Statement Notarisation | 276.25 EUR |
Property Valuation Cost | 110.00 EUR |
Mortgage Registration | 20.00 EUR |
Fee for Issuing a Title Deed | 8.00 EUR |
Nominal Annual Interest Rate | 7.50 % |
Effective Interest Rate | 7.96 % |
Total Interest | 12,031.40 EUR |
Total Costs * | 12,655.34 EUR |
Total Amount to be Paid by the Client | 72,655.34 EUR |
The total costs represent the sum of interest for the entire period (EUR 12,031.40), the loan approval fee (EUR 148.00), the fee for five promissory notes (EUR 10.00), the CBCG Credit Registry enquiry fee (EUR 3.00), the property valuation cost (EUR 110.00), the property insurance policy cost (EUR 56.69), the notarisation of the pledge statement (EUR 276.25), the mortgage registration cost (EUR 20.00), and the fee for issuing the title deed (EUR 8.00). The property valuation and insurance costs are calculated based on a specific pledged property of 61 m². For a loan amount of EUR 20,000 with a repayment period of 7 years, the nominal interest rate (NIR) is 6.50%, while the effective interest rate (EIR) is 6.51%. The calculation of the total debt and the EIR includes the total interest for the full period (EUR 4,886.93), the cost of two promissory notes (EUR 4.00), and the CBCG Credit Registry enquiry fee (EUR 3.00). The total amount payable by the client is EUR 24,893.93, while the monthly instalment is EUR 295.12.
This representative example is calculated as of 26 December 2024.