EASY PRO: the ideal investment loan to grow your business!
Are you a professional looking for efficient financing solutions tailored to your needs? EASY PRO is the investment loan for you.
Crédit Populaire d'Algérie offers liberal professionals a medium- and long-term investment loan to finance:
- The purchase of equipment necessary for your business (including a utility vehicle, if needed);
- The purchase of professional premises;
- The renovation of the premises;
- A combined purchase of premises and equipment.
1. For whom it is intended for?
Chartered accountants, statutory auditors and approved accountants.
- lawyers;
- auctioneers;
- notaries.
- Bailiffs
Architects
General insurance company agents
- Surveyors
- Experts and consultants in technical and economic fields
2 – Eligibility criteria
Applicants eligible for this type of loan include any natural or legal person practising a liberal profession who meets the following criteria:
- holds the status of a professional or public officer operating independently in a regulated activity;
- has obtained an accreditation or installation decision issued by the relevant ministry or authority;
- Demonstrates self-financing capacity.
3 – Loan characteristics
3.1 – Loan amount:
Equipment purchase:
Financing can cover up to 90% of the total equipment cost, up to a maximum of 10,000,000 DZD (The utility vehicle necessary for the business is considered part of the investment structure and cannot be financed separately.)
Premises purchase:
Financing can cover up to 90% of the purchase price, up to a maximum of 25,000,000 DZD, including the notary’s transaction fees.
Premises renovation work:
The loan can cover:
- 100% of the cost shown on an estimate issued by a Bank-approved expert,, up to a maximum of 3,000,000 DZD, provided that the applicant owns the premises..
- 50% of the estimate cost, up to a maximum of 1,000,000 DZD, when the applicant can demonstrate that they have a rental contract for a minimum of (3) three years.
Combined purchase of premises and equipment:
Financing can cover up to 80% of the total project cost, up to a maximum of 30,000,000 DZD.
3.2 Release:
There are two types of release: single and partial.
Acquisition of premises: Payment by bank cheque made out to the notary, covering the premise price/loan amount, and if applicable, a separate cheque for the notary 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.
- Development work: In two (2) instalments:
50% of the loan upon presentation of a commencement certificate issued by a bank-approved consultancy office;
- 50% upon presentation of a report from the consultancy office confirming that the first instalment was used for the financed renovation works.
Acquisition of equipment:
- 30% upon placing the order;
70% upon presentation of a certificate confirming the availability of the equipment to be acquired.
3.3 – Loan duration:
- For the purchase of premises or a combined purchase: Up to 15 years.
- For equipment purchase and premises renovation works: Up to 07 years.
3.4 – Deferment period:
- The deferment period is 12 months and may be extended up to 24 months, depending on the financing type and client request.
- The deferment period is included in the loan duration.
3.5 – Interest rate:
The interest rate is variable and determined according to the bank’s general terms and conditions in force.
3.6 – Commissions/ file processing fees: The interest rate is variable and determined according to the bank’s general terms and conditions in force.
3.7 – Repayment: Quarterly (capital and interest).
4 – Guarantees:
For the purchase or renovation of premises:
- A first-rank notarised mortgage on the financed premises.
- A legal first-rank mortgage on the premises in the case of renovation financing (owner applicant).
- Delegation of professional multi-risk insurance (PMR) and natural disaster insurance (CAT-NAT).
For equipment purchase:
- Investment Loans Guarantee Fund Insurance
- Pledge on tools/equipment.
- Collateral on rolling stock (utility vehicle).
- Delegation of professional multi-risk insurance (PMR) and natural disaster insurance (CAT-NAT).
- Delegation of all-risk insurance for rolling stock (utility vehicle).
- Possibly (to be negotiated): - Mortgage on a real estate property
For the combined purchase of premises and equipment:
- Investment Loans Guarantee Fund Insurance
- A first-rank notarised mortgage on the premises being financed
- Delegation of professional multi-risk insurance (PMR) and natural disaster insurance (CAT-NAT).
- Pledge on tools/equipment
- Collateral on rolling stock (utility vehicle).
- Delegation of all-risk insurance for rolling stock (utility vehicle).
5. 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 fiscal declarations 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 registered and published notarised deed of ownership or a notarised lease contract of at least 24 months, 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 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.
- 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.