ROTARY INVESTMENT LOAN (Euro)

ROMCOM 2025 Loan Application Form

Lender

The investment loan granted in Euro is provided through the Microfinance Society IFN ROMCOM SA (hereinafter referred to as “ROMCOM”).

Purpose of the Credit Product

• Supporting investments made by newly established enterprises and micro-enterprises, as well as modernization and re-technologization investments of small and medium enterprises in production and service sectors, increasing business volume, competitiveness, and sustainability in these sectors.
• Supporting investments made by agricultural entrepreneurs in Romanian agriculture, increasing the competitiveness of Romanian agricultural products, and creating new jobs.

Eligibility Criteria

The investment loan granted in Euro is primarily aimed at entrepreneurs in the following counties: Bihor, Timiș, Arad, Sălaj, Satu Mare, Cluj, Maramureș, Suceava, Caraș Severin (ROMCOM can also provide financing to entrepreneurs from other counties, depending on available funds).

Entrepreneurs who meet the following eligibility criteria cumulatively may benefit from ROMCOM funding:

General Criteria:

• Private commercial company, registered and authorized (PFA, II, AF, IF, SRL, SCS, SA), including newly established enterprises (start-ups), liberal professions, and NGOs with profit-making activities.
• Development of a clear business concept, presented within the funding request.
• Qualification or professional experience of the applicant’s administrators/employees in the activity domain for which funding is requested.

Specific Criteria:

• Existence of the necessary infrastructure for the project (land, buildings, utilities, etc.);
• Maintenance/Creation of jobs resulting from the implementation of the project;
• Economic feasibility of the project;
• Existence of a guarantee covering at least 133% of the loan amount;
• The financed company generates revenue in Euro or is indexed to the Ron/Euro exchange rate.

Eligible Activities

The obtained funds can be used for the following purposes:

• Purchase of licenses, software, machines, equipment (new or second-hand);
• Modernization and expansion of production capacity;
• Investments in the acquisition, construction, modernization, and/or expansion of business infrastructure (buildings, production halls, barns, warehouses, greenhouses, etc.);
• Purchase of pedigree animals (milk production, meat, etc.).

Funding Conditions

• The amount that can be granted to an eligible entrepreneur through the investment loan in Euro ranges from 2,500 to 30,000 Euro. Repayment is made in monthly installments.
• For the investment loan granted in Euro, ROMCOM charges a flat annual interest rate of 9%. The interest rate remains fixed for the entire loan period. Clients who have or have had loans with ROMCOM and a good payment history can receive a 1% interest rate reduction.
• The loan repayment period is between 3 and 60 months.
• Depending on the case, a grace period of up to 6 months may be granted, included in the repayment period, during which only the monthly interest is paid.
• Also, depending on the specific nature of the funded activity, the loan may have an atypical repayment schedule, in which case the interest will be paid monthly, and the principal payments will be made in unequal installments, with the condition of annual principal repayments of equal values.
• The APR (Annual Percentage Rate) is 17.96%, calculated for an investment loan of 30,000 Euro, granted with an annual interest rate of 9%, over a 60-month period, with equal monthly installments, without a grace period.

Commissions and Guarantees

• After the funding approval, the beneficiary will pay a disbursement commission of 2% of the loan amount, which will be deducted when the loan amount is drawn.
• The loan will be secured with real estate or movable property, covering at least 133% of the loan value.
• Depending on the funding request’s scoring, real guarantees may be supplemented with personal guarantees, such as endorsement of promissory notes and/or fiduciary contracts.
• Notary, pledge, or mortgage fees, as well as the cost of insuring the pledged goods (if applicable), will be borne by the beneficiary.
• For full early repayment of the loan, an early repayment commission will be charged, based on the value of the early payment. The early repayment commission will be calculated as follows:
  • 5% if early repayment occurs within the first 12 months from the signing of the loan agreement;
  • 4% if early repayment occurs within 12 to 25 months from the signing of the loan agreement;
  • 3% if early repayment occurs within 24 to 37 months from the signing of the loan agreement;
  • 2% if early repayment occurs within 36 to 49 months from the signing of the loan agreement;
  • 1% if early repayment occurs after 48 months from the signing of the loan agreement.
• For partial early repayment of at least 10% of the loan amount, with a reduction in the contract duration, an early repayment commission will be charged based on the value of the early payment, and the interest rate will remain the same as at the time of signing, applied to the initial loan amount.
• For partial early repayment of at least 10% of the loan amount, with the contract duration remaining unchanged or extended, an early repayment commission will be calculated based on the remaining principal before the early payment, and the interest will be calculated on the remaining principal after the early payment, applying the rate practiced by ROMCOM at the time of rescheduling.
• The early repayment commission can be reduced by 50% if the loan has no overdue penalties and the repayment is made from own sources (excluding refinancing).
• The goods or properties securing the loan must be insured, with the insurance cost borne by the borrower, and the insurance will be assigned to the Microfinance Society IFN ROMCOM SA.

Deadlines and Documentation Submission Conditions

To obtain an Investment Loan in Euro, applicants must contact the Microfinance Society IFN ROMCOM SA. Loan applications can be submitted by mail/courier to ROMCOM’s headquarters, delivered directly to ROMCOM’s headquarters, collected by ROMCOM credit consultants, or sent by email to office@romcom.ro.

The loan applications will be analyzed, and projects for financing will be selected within a maximum of 7 days from receiving a complete credit application.

Contact Information

For submitting the loan application file, the contact details are:

Microfinance Society IFN ROMCOM SA
Gh. Doja Nr. 49A, Oradea, 410169
Phone: 0259 479 793, 0359 173 300
Email: office@romcom.ro
www.romcom.ro