EASY LOCAL: A Loan for the acquisition of commercial premises
EASY LOCAL is a medium- or long-term loan intended for the purchase of new commercial premises from a public or private real estate developer for ownership, not rental.
Who can benefit from EASY LOCAL?
This offer is intended for any natural or legal person engaged in commercial activity who meets the following conditions:
Eligibility criteria:
Is eligible for the EASY LOCAL loan any person:
- With an active or starting-up business.
- Who is domiciled at CPA or is a potential future client.
- Who has no current business-related commitments with other banks.
- Who has a satisfactory loan history (no outstanding debts across all institutions).
- With compliant fiscal and social security status.
Advantages of EASY LOCAL:
- Financing structured according to your repayment capacity
- Personalised support
- Enhanced image and commercial stability
Amount:
- For individuals who are already in business and domiciled at CPA, the loan amount can cover up to 80% of the purchase price of the premises, up to a maximum of 30,000,000 DZD.
- For new clients (existing or new start-ups), the loan amount can cover up to 50% of the purchase price, up to a maximum of 15,000,000 DZD.
Interest rate: The interest rate is variable and determined according to the bank’s general terms and conditions in force.
Commissions/file processing fees: The interest rate is variable and determined according to the bank’s general terms and conditions in force.
Loan duration: Varies between three and ten years, depending on the type of loan (MTL/LTL).
Deferment period: The deferment period ranges from three to six months, depending on the client’s request.
Release:
Payment in a single instalment by bank cheque, made payable to the notary in charge of the transaction and issued against a commitment to register a first-rank mortgage in favour of the bank.
Loan repayment: Monthly (capital and interest).
Guarantees:
- A notarised first-rank mortgage on the premises being financed.
- Security deposit from associates in the case of a legal person.
- Subrogation in favour of the Bank in the event of death or Absolute and Permanent Disability insurance, in the case of a natural person.
- Subrogation in favour of the bank of the professional multi-risk insurance (PMR) and natural disaster insurance.
REQUIRED DOCUMENTS
Financing for the purchase of new commercial premises from a public or private real estate developer “EASY LOCAL”
The “EASY LOCAL” loan application file must include the following documents:
- A completed and signed loan application form, specifying the requested amount.
- Proof of payment of the file processing fees.
- A signed decision to allocate or assign the premises by the developer, containing all relevant information about the premises (address, surface area, selling price, payment terms, etc.).
- A copy of the trade register.
- A copy of the ownership deed of the premises or the lease agreement for business premises.
For legal persons, a copy of the articles of association.
- A copy of the fiscal identification card (FIN).
- The balance sheet and income statement (TCR) for the last three fiscal years, stamped by the tax office, or fiscal declarations under the unique flat-rate regime (IFU) for active professionals, along with provisional income statements for the last three years.
- An opening balance sheet for new businesses, along with balance sheets and provisional income statements for the previous three years.
Recent and cleared fiscal and social security status reports. If these are unavailable, a repayment schedule must be attached.