EASY MED: a professional investment loan for doctors and healthcare professionals.
Thanks to CPA's Easy Med solution, you can take out a professional loan to launch your project.
Whether you are just starting out or already active, if you are a doctor, pharmacist, dental surgeon, veterinarian or other healthcare professional, this loan is for you. Crédit Populaire d’Algérie offers a medium- and long-term investment loan designed to support your professional projects, including:
- The purchase of professional equipment (including a utility vehicle, if needed);
- The acquisition of premises for professional use
- Renovation work on your workplace
- The combined purchase of premises and equipment.
For whom it is intended for?
EASY MED is an exclusive loan for:
- General practitioners and specialists
- Dental surgeons
- Pharmacists
- Veterinarians
- And other approved medical professions.
2 – Eligibility criteria:
Any natural or legal person with the status and title of doctor is eligible for this type of loan, whether they are just starting out or already in practice, provided they hold an accreditation or installation permit issued by the relevant ministry or authority.
3. Loan characteristics:
A. Amount:
A.1 Equipment purchase:
- For beginners: up to 80% of the equipment price, up to a maximum of 30,000,000 DZD
For those already in practice, up to 90% of the equipment price , up to a maximum of 40,000,000 DZD.
A.2 Purchase of premises:
Financing may cover up to 90% of the purchase price, up to a limit of 50,000,000 DZD, including the notary's fee for completing the transaction.
A.3 Renovation work on the premises:
- For owners: Financing may cover up to 100% of the total cost stated in the estimate issued by a bank-approved expert, up to a maximum of 5,000,000 DZD.
- For tenants (with a lease covering a minimum of three years): 50% of the cost stated in the estimate,up to a maximum of 2,000,000 DZD.
A.4 Combined purchase of premises and equipment:
- Up to 80% of the total price for beginners, up to a maximum of 50,000,000 DZD
For those already in practice, up to 90% of the total pricee, up to a maximum of 75,000,000 DZD.
B – Release:
There are two types of release: single or partial.
Acquisition of premises: Payment is made by bank cheque, made out to the notary and representing the premise price/loan amount. There may also be a separate cheque to cover the notary’s processing fees. The notary is responsible for formalising the transaction in exchange for a commitment to register a first-rank mortgage in favour of the bank.
Renovation work: In two instalments:
50% upon presentation of a commencement certificate issued by a consultancy office approved by the bank.
- 50% upon presentation of a report from the consultancy office confirming that the first instalment was used for the financed renovation work.
- Acquisition of equipment:
- 30% upon placing the order.
- 70% upon presentation of a certificate confirming the availability of the equipment to be acquired.
C – Loan duration:
- For the purchase of premises or a combined purchase: up to 15 years.
- For equipment or renovation work: up to 7 years.
D. Deferment period:
The deferment period is 12 months and may be extended to a maximum of 24 months depending on the financing type and the client's request.
The deferment period is included in the loan duration.
E – Interest rate: The interest rate is variable and determined according to the bank’s general terms and conditions.
F – Commissions/file processing fees: The interest rate is variable and determined according to the bank’s general terms and conditions in force.
G. Repayment: Quarterly (capital and interest).
4 – Required documents:
The loan application file must include the following supporting documents, which are common to both types of loan:
- A completed and signed loan application form specifying the requested amount
- Proof of payment of the file processing fees
- An accreditation or installation decision issued by the relevant Ministry or authority.
- A copy of the degree
- A copy of the property deed or lease agreement for professionals currently in practice.
- A copy of the trade register for professional activities subject to this requirement.
- A copy of the articles of association for legal persons.
- A copy of the fiscal identification card (FIN).
- The balance sheet and income statement (TCR) for the most recent financial year, stamped by the tax office, or tax returns under the flat-rate scheme (IFU) for active professionals, along with provisional income statements for the previous 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.
In addition to the above documents, depending on the purpose of the financing, the file must be completed with the following documents:
- For financing the acquisition of the premises:
- A duly signed decision of allocation or assignment of the premises by the developer, in the case of purchasing a new property.
- A copy of the notarised deed of ownership of the premises, registered and published, and/or the land register in the case of purchasing an old property from an individual.
- A copy of the notarised promise of sale or descriptive form (CPA model), which clearly describes the premises and transaction amount.
- A negative mortgage registration certificate dated less than three months ago.
- A report on the existence, appraisal and valuation of the premises issued by a consultancy office approved by the bank.
- A proforma invoice for the notary fees if these are included in the loan amount.
- For financing the renovation of the premises:
- A copy of the notarised deed of ownership that has been registered and published, or a notarised lease contract of at least 24 months that is renewable, in the case of a rental.
- A negative mortgage registration certificate dated less than three months ago if the borrower is the owner.
- An appraisal and valuation report issued by an architectural consultancy office approved by the bank.
- Cost estimates and bill of quantities for the renovation work, issued by a consultancy office approved by the bank.
- The provisional implementation schedule.
For financing the acquisition of equipment:
- Pro-forma invoices for the equipment and rolling stock to be acquired.
For combined financing of the acquisition of premises and equipment:
- A duly signed decision of allocation or assignment of the premises by the developer, or a copy of the notarised deed of ownership that is registered and published, and/or the land register in the case of purchasing an old property from a private individual.
- A copy of the notarised promise of sale or descriptive form (CPA model), clearly describing the premises and transaction amount.
- A negative mortgage registration certificate dated less than three months ago.
- A report of existence, appraisal and valuation of the premises issued by a consultancy office approved by the bank.
- A proforma invoice for notary fees if these are included in the loan amount.
- Proforma invoices for the equipment and rolling stock to be acquired.
1. Financing the purchase of a new commercial property from a public or private real estate developer « EASY LOCAL »
The loan application file consists of the following documents:
- A loan application form, clearly stating the requested amount and signed by the client
- Proof of payment of the file processing fees
- A signed decision to allocate or assign the premises, including all relevant information about the premises (address, surface area, selling price, payment terms, etc.).
- A copy of the trade register.
- A copy of the property deed or lease agreement for active merchants.
- A copy of the articles of association for legal persons.
- A copy of the fiscal registration card (FIN).
- Balance sheets and income statements (TCR) for the past three fiscal years, stamped by the tax office, or fiscal declarations under the single flat-rate system (IFU) for active professionals, as well as provisional income statements for a period of three years.
- Beginners must provide the opening balance sheet, along with provisional balance sheets and income statements covering a period of three years.
-Recent and cleared fiscal and social security status reports.
If these are unavailable, a repayment schedule must be provided.