The FINANCIAL — Bank Republic is currently offering a campaign to micro and small businesses through 31 December. All those who transfer their current loans or take out new ones with Bank Republic can enjoy an interest rate reduction of from -3% to -6%.
According to BR representatives, those who do not have business loans with any bank can receive the lowest interest rate yet on the market.
“Owners of micro and business loans can benefit from the offer from Bank Republic. In regard to transferring or receiving new business loans clients are offered the lowest interest rates, at about 6%. Therefore to support businesses BR is offering a preapproved business loan. This is the best and most attractive decision which allows customers to get ready for the coming season or upcoming business in advance and implement their plans with confidence,” said Zurab Kartisvadze, Bank Republic.
“As an extra advantage BR is offering partnership to all those people who become involved in this campaign. If clients have the desire or if there is any need for an additional loan they can then receive it easily without having to visit the Bank and present any documents. They can get it by making just a single call to the Bank,” Kartisvadze said.
“The process of transferring loans appears to be quite interesting to our clients. Our bank employees visit clients at their workplaces. Everyone is busy nowadays and most businessmen have fairly full schedules. We not only ran TV advertisements about the offer but also decided to visit representatives of different businesses in person to give them information about the decreased interest rates,” Kartsivadze said.
According to Kartsivadze, the procedure of being involved in this new campaign of BR’s is quite easy. Depending on the client’s decision and after their registration, the Bank can give them an exact, guaranteed figure of the discount percentage that evening. Then customers can visit the Bank and within a maximum of one or two days become participants of the offer.
“As this campaign is for the representatives of micro and small businesses, the minimum and maximum loan amounts vary from USD 100 to USD 100,000. All people who run a micro or small business and receive income from it may use these new conditions and participate in the offer,” Kartisvadze said.
“We have already received quite big demand for this campaign and due to that we are practically working in the evenings as well. The reduced interest rate on business loans has resulted in activity in different directions. Bigger companies are interested and want to know if they can take part in the promotion as well with much higher loan amounts,” Kartivadze said.
According to BR representatives, by means of this business loan, you will save time, since the business assessment and analysis procedure is carried out in advance, and most importantly – free of charge; you will know the amount of available funds in advance and will be able to use them either immediately upon the loan’s approval or by the end of December; furthermore, you will be able to use the amount fully or in part; the interest rate will be charged only when you use the money; you will not have to pay interest or any other fees for the amount that has not been used by you; you may take from USD 100 to USD 100,000 to develop your business or finance personal goals.
Additional benefits for business sector borrowers of Bank Republic are: In the event of stable repayment of the loan you can additionally receive up to USD 20,000 based only on a telephone conversation, without the need to submit any documents; a credit card as a present; no insurance needed for the loan; a personal advisor in the Bank, for all borrowers; a flexible repayment schedule suitable for the business; the possibility of a six month grace period; the possibility of opening a credit line.