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Profi loan FIX
The Profi loan FIX is meant for:
- corporate entities
- individuals - entrepreneurs
nationals doing business in CZ.
Characteristics of the Profi loan FIX:
This is a short-term loan (with a maturity of up to one year) or medium-term loan (with a maturity of up to five years).
The Profi loan FIX can be used to finance:
- active capital, i.e. stock and short-term debts from commercial transactions still within their maturity date
- tangible investment assets except for purchase of computer technology and software; an exception to this is purchase of complex workplace equipment, which includes computer technology
- operational requirements (e.g. financing of costs for repairs and maintenance)
The Profi loan FIX is repaid gradually on a monthly basis by means of so-called annuity instalments, in that there is always at least one interest payment between the date for drawing the loan and the 1st annuity instalment. The following instalment is already an annuity one.
The Profi loan FIX is secured with a covering blank bill of exchange. The loan is usually used for direct payment of suppliers on the basis of documents submitted. If it cannot be drawn on in this specific manner, it is transferred to the client's account and KB checks that it is used for the set purpose later according to information from the client's accounts. Investment requirements are always financed on the basis of documents submitted.
The Profi loan FIX is drawn:
- on a one-off basis
- in stages
A fixed interest rate is used for the Profi loan FIX. The price for the Profi loan FIX is governed by the Komerční banka Price list.
| MATURITY | INTEREST RATE |
|---|---|
| ≤ 1 year | 10.9% p.a. |
| > 1 year ≤ 3 years | 11.5% p.a. |
| > 3 years ≤ 5 years | 12.2% p.a. |
This type of loan is provided exclusively in CZK.
Entrepreneurs gain payment protection insurance to go with the Profi loan FIX free of charge. This insurance covers entrepreneurs for the risk of death, full disability and inability to work. All you have to do is fill in a questionnaire about your state of health. No initial medical examination or other formalities are necessary. Limits are only set for the starting age. The insured party must be a minimum of 18 and maximum of 60 years old. The sum of the starting age and the insurance period in years must not be greater than 62 years. The insurance is valid for the whole period of duration of the loan. Entrepreneurs thus gain the certainty that if any adverse situation arises, they will be able to meet their commitments resulting from a business loan.
Entrepreneurs gain payment protection insurance to go with the Profi loan FIX free of charge. This insurance covers entrepreneurs for the risk of death, full disability and inability to work. All you have to do is fill in a questionnaire about your state of health. No initial medical examination or other formalities are necessary. Limits are only set for the starting age. The insured party must be a minimum of 18 and maximum of 60 years old. The sum of the starting age and the insurance period in years must not be greater than 62 years. The insurance is valid for the whole period of duration of the loan. Entrepreneurs thus gain the certainty that if any adverse situation arises, they will be able to meet their commitments resulting from a business loan.
Advantages of Profi loan fix:
- the loan is specially prepared for entrepreneurs and SMEs
- significantly shortened and simplified approval process
- possibility of operational financing of commercial requirements
The Profi loan FIX allows you to:
- finance active capital
- purchase tangible investment assets
- finance operational requirements
How to get the Profi loan FIX?
The following documents must be presented along with the loan application:
- current business authorisation
- final accounts including tax return and auditor's report (it a report is available) for the past accounting period; (for the past two accounting periods in the case of new clients) and the current balance sheet and profit and loss statements including additional information (for clients who keep accounting records)
- copies of income tax returns including appendices pursuant to Act 337/1992 Coll. for the past accounting period together with additional information (for clients with tax records); the copy of the tax return must be stamped with the stamp of the tax office proving receipt of the original (for the past two accounting periods in the case of new clients)
- 3 monthly statements from the current account, which the client held with their previous main bank; these statements must not however be for a period older than 6 months (statements are only submitted by new clients)
How to get the Profi loan FIX without proof income?
Existing clients who have held a current account with the bank for at least 6 months can get the Profi loan FIX without having to submit a tax return or accounting records.
Depending on the turnover in the commercial account in Komerční banka, you can get:
- a short-term Profi loan FIX with a maturity of up to 1 year up to the level of CZK 1,000,000.00 (over CZK 500,000.00 if the client has held an account with KB for at least 12 months)
- a medium-term Profi loan FIX with a maturity of up to 3 years up to the level of CZK 500,000.00 (if the client has held an account with KB for at least 12 months)
The loan is provided without the need for collateral.
All you need to get the loan is to submit current business authorisation.
Information about the currently available loan can easily be gained by the entrepreneur on their account statement or via internet banking.
If you are interested in learning more about this product or would like to directly arrange it, contact your relationship manager or call the KB Info line on 800 111 055 free of charge.
