Young Entrepreneurs Loan
The “Young Entrepreneurs” loan aims to support 18-30 years old individuals who aim to start or develop an activity to be self-employed or to increase active job position in the existing businesses. Every individual, within this segment, who plans to develop or set up a business can apply for this product.
Caution! Borrowing money costs money!
Loan Terms
Loan amount up to:
600,000 ALL
Annual Interest Rate:
28% to 29%
EIR:
33.90% - 35.23%
Term:
Up to 48 months
Collateral:
Security Pledge,
Guarantee/Pledge depending on the loan amount.
Disbursment Fee:
2.5% to 4.5%
- The interest rate and disbursement fee are determined based on the loan amount, duration, and the type of collateral used.
- The interest is annual, and the disbursement fee is applied only once, at the beginning of the loan.
