If you need to make a large capital purchase like buying new equipment, machinery or vehicles, or simply require capital to fund your stock purchases or business expansion then the Business fixed rate instalment loan is ideal. It gives you fixed interest and monthly payments for the whole term of the loan, which provides the certainty of knowing exactly what your repayments will be every month.
You can borrow up to €3 million with no collateral or security requirement and set your fixed term repayment period anywhere between 12 and 48 months. In line with Banco Enero’s fair pricing commitment, you have the added assurance of knowing that you will be paying amongst the lowest comparable rate of interest, fixed for the duration of your loan.
Features and Benefits
◉ No collateral or security requirements: Hassle-free access to finance with minimum formalities
◉ Fair pricing, with a commitment to maintain fees and profit rates amongst the lowest in the market.
◉ Transparency: Clear and straightforward terms, conditions and eligibility requirements
◉ Convenience: All repayments are automatically direct debited from your business bank account
◉ Flexible repayment tenure: Choice of repayment periods between 12 and 48 months
◉ Loan top up facility after 12 months of satisfactory loan performance
◉ No requirement to submit audited annual statements
◉ Fast decision making and processing turn-around times, with the majority of credit decisions made
within 48 hours
◉ Buy-out option: Banco Enero will help you to transfer your existing loans and credit facilities from
another bank
Eligibility Criteria
◉ Business operating for at least two years, with annual sales turnover of EURO 2,000,000 or over.
◉ Applicants should be between 25-65 years during the finance tenure.
◉ Minimum of 6 months relationship with Banco Enero or another bank, maintaining a minimum bank
account balance of EURO 25,000.
◉ Open to all registered business entities operating in the trading, manufacturing, professional or
service sectors.
Instalment Loan
Personal Banking, SME Banking & Asset Management Group
Banco Enero
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