Grandex Finance

Customized Business Solutions for Every Business

Whatever your financial requirements are for your Business, we are here to offer you consultancy, one-to-one advice, assistance and support with opportunity to access

international finance.

 

Whether you need finance to help grow your, finance new projects and new ventures, purchase products and commodities, business acquisitions or enter into joint ventures or simply consolidate many loans into one long term commercial facility. Repayment terms up to 10 years, with interest only repayments or grace periods available during new projects, acquisitions or business expansion, building extension and new build periods.

 

 

Our team of senior consultants are here to assist you

+90 392 611 6000 (Ext 310)

 

 

Sample 1: Borrowing 5 Million EUROS                                                                                  

DECLINING INTEREST RATE FOR EURO CURRENCY LOAN

5,000,000.00 EUR (Five Million Euro AT 2.25% )

INTEREST RATE FOR 120 MONTHS (10 YEARS) WITH FIRST 2 YEARS AS GRACE PERIOD

YEAR 1

               

€ 5.000.000,00

X 2.25% =

€ 112.500,00

           

€ 5.000.000,00

+

€ 112.500,00

=

€ 5.112.500,00

       
                 

YEAR 2

               

€ 5.112.500,00

X 2.25% =

€ 115.031,25

           

€ 5.112.500,00

+

€ 115.031,25

=

€ 5.227.531,25

       
                 

YEAR 3

               

€ 5.227.531,25

X 2.25% =

€ 117.619,45

           

€ 5.227.531,25

+

€ 117.619,45

=

€ 5.345.150,70

       

€ 5.345.150,70

:

96

=

€ 55.678,65

X

12

=

€ 668.143,84

€ 5.345.150,70

-

€ 668.143,84

=

€ 4.677.006,87

       
                 

YEAR 4

               

€ 4.677.006,87

X 2.25% =

€ 105.232,65

           

€ 4.677.006,87

+

€ 105.232,65

=

€ 4.782.239,52

       

€ 4.782.239,52

:

84

=

€ 56.931,42

X

12

=

€ 683.177,07

€ 4.782.239,52

-

€ 683.177,07

=

€ 4.099.062,45

       
       

 

       

YEAR 5

               

€ 4.099.062,45

X 2.25% =

€ 92.228,91

           

€ 4.099.062,45

+

€ 92.228,91

=

€ 4.191.291,35

       

€ 4.191.291,35

:

72

=

€ 58.212,38

X

12

=

€ 698.548,56

€ 4.191.291,35

-

€ 698.548,56

=

€ 3.492.742,79

       
                 

YEAR 6

               

€ 3.492.742,79

X 2.25% =

€ 78.586,71

           

€ 3.492.742,79

+

€ 78.586,71

=

€ 3.571.329,50

       

€ 3.571.329,50

:

60

=

€ 59.522,16

X

12

=

€ 714.265,90

€ 3.571.329,50

-

€ 714.265,90

=

€ 2.857.063,60

       
                 

YEAR 7

               

€ 2.857.063,60

X 2.25% =

€ 64.283,93

           

€ 2.857.063,60

+

€ 64.283,93

=

€ 2.921.347,53

       

€ 2.921.347,53

:

48

=

€ 60.861,41

X

12

=

€ 730.336,88

€ 2.921.347,53

-

€ 730.336,88

=

€ 2.191.010,65

       
                 

YEAR 8

               

€ 2.191.010,65

X 2.25% =

€ 49.297,74

           

€ 2.191.010,65

+

€ 49.297,74

=

€ 2.240.308,39

       

€ 2.240.308,39

:

36

=

€ 62.230,79

X

12

=

€ 746.769,46

€ 2.240.308,39

-

€ 746.769,46

=

€ 1.493.538,93

       
                 

YEAR 9

               

€ 1.493.538,93

X 2.25% =

€ 33.604,63

           

€ 1.493.538,93

+

€ 33.604,63

=

€ 1.527.143,55

       

€ 1.527.143,55

:

24

=

€ 63.630,98

X

12

=

€ 763.571,78

€ 1.527.143,55

-

€ 763.571,78

=

€ 763.571,78

       
                 

YEAR 10

               

€ 763.571,78

X 3.75% =

€ 28.633,94

           

€ 763.571,78

+

€ 28.633,94

=

€ 792.205,72

       

€ 792.205,72

:

12

=

€ 66.017,14

X

12

=

€ 792.205,72

                 

LOAN AMOUNT

=

€ 5.000.000,00

       

INTEREST RATE FOR 10 YEARS

=

€ 797.019,21

       

TOTAL AMOUNT FOR TEN YEARS*

=

€ 5.797.019,21

       

 

*             there would also be a ONE-OFF payment of (10.2%) for the cost of the loan insurance covering the whole loan period (10 Years)

                3% arrangement fee