Terms & Conditions of business loans

General Characteristics:

• Variable interest rate (depending on your relationship with MoraBanc) composed of the Euribor* plus the agreed differential, which you can check in MoraBanc's tariff book or directly with your manager.

• Amount that can be requested:
  • Up to 80% of the value
• Term and amortization**:
  • Up to 5 years

• Financing is subject to MoraBanc's review and approval.

• The information obtained from the interest simulation for the loan does not constitute any offer, as the interest rates are purely informative.
  
  

Documentation and Requirements Needed for the Application:

To allow your manager to properly study the credit application, they will need to have the minimum necessary documentation.

Minimum documentation required for the study of the Business Loan:

• In the case of companies with legal personality (public limited companies, limited liability companies, etc.):

• Balance sheet and income statement for the last fiscal year (and provisional financial statements for the current year).
• Audit report, in the case of companies required to do so.
• The latest Corporate Tax (IS), General Indirect Tax (IGI), and CASS contributions of employees may also be requested to verify that these tax obligations are up to date.
• If necessary, the bank may also request additional information to conduct a proper economic, financial, and asset analysis of your business.

Other conditions:

* You can choose between Euribor 3 months, 6 months, or 1 year. The interest rate will be reviewed according to the periodicity of the chosen Euribor. If the Euribor is negative, Euribor = 0% + differential will apply.

** The monthly payment cannot exceed 35% of the effort percentage, which is the ratio between the annual payments plus rent (if there is no mortgage) and net fixed income (net annual income from IRPF and CASS). The maximum term is your retirement age. Additionally, you can choose the day of the receipt charge.