CNEP Bank Launches A New Investment Loan To Finance Medical Projects By 100%

date 2017/04/16 views 368 comments 0
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icon-writer Samira.B/English version: Dalila Henache

National Fund for Savings and Reserve "CNEP Bank" plans to launch a medium to long-term investment loan to finance between 70 and 100% of the value of the project, while the loan will be between 3 and 10 years depending on each case.

Official sources from the National Fund for Savings and Reserve (CNEP) told Echorouk that the latter approved a new bank product, which is a medium- and long-term investment loan for those who are interested in investing in the medical field, whether they are graduates of the new medical institute or experienced practitioners.
The loan, which will be present at various agencies of the bank in the next few days, is called "Pro Santé", and it ensures the financing of this category in three cases, and it comes to the purchase of shops to make them clinics, the renovation and expansion of shops for their owners or renters, and it finances the purchase and acquisition of equipment, and covering the preparation of equipment for clinics.
CNEP Bank new producers approved different funding ratios and a different payment period, in line with each file of applicants for this type of loan.
Even if the loan was duplicated, it would cover shop purchases and financing of the equipment by 80% for experienced practitioners, and it provides a duplicated financing in case of purchasing shops and medical equipment by 70% for the new graduates from the Faculty of Medicine, while the loan will cover, according to Echorouk source, 90% of the total value of equipment for those who own a medical clinic, like experienced practitioners, and it will cover the new graduates with 80% of the total value of the equipment.
For purchases of shops, the loan guarantees 80% of the purchases, while the personal contribution in this position remains within 20%.
For the initialization, the banking product will cover 100% of the estimated value of clinic renovations for clinic owners, and the renters will benefit from 50% of the estimated value of renovation only.
As for the terms of repayment of the loan, CNEP Bank made a period of 3 to 10 years depending on the type of financing. If the loan covers the purchase of the business, the period of debt repayment is 10 years, but if the loan is directed to the acquisition of equipment , renovation and expansion, the loan period will be between 3 to 7 years.
Various banks and financial institutions are diversifying their products from loans and advances, both for those that are directed to real estate and investment, in the wake of government correspondences to the central bank, which ensures that banks are informed of the need to integrate into national investment promotion in the context of the government's strategy to search for alternatives to hydrocarbons in the fields of industry, agriculture and tourism, and personal contracting as well.

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