Legal
Pricing policy
Draft. This text is still being prepared with legal counsel and will be replaced before the first offer opens.
The platform proposes the annual interest rate of each loan (Regulation (EU) 2020/1503, Art. 4(4)(c)). The rate:
- starts from the market: the rates of comparable secured loans to companies in the Republic of Moldova and the yield of state securities in the loan's currency;
- adds a margin for the loan's risk category: the higher the expected default rate, the higher the rate must be for the expected losses to be covered;
- takes into account the term, the schedule (bullet or amortising), the collateral and its liquidity;
- is agreed with the project owner and stated in the KIIS together with the fees.
A loan of category D or E is not offered at any rate. The rate of a loan does not change after the offer opens except by an amendment of the KIIS. The fees are in the Tariffs.