The Innovation Loan allows you to finance business projects that have the support of one of MicroBank’s collaborating institutions.
We know that taking initiative is only for the brave. We will help you, with our support, with everything else. Find out how people who believe in their ideas can take their innovative enterprise one step further with MicroBank.
Discover the advantages that make Innovation Loan the option to start your new business venture.
TIN of 5,90%
(1) A maximum of 80% of the total cost of the project can be financed. This amount cannot exceed €50,000.
(2) Annual over ther life of the loan.
All entrepreneurs (natural or legal persons with fewer than ten employees and an annual turnover of less than €2 million) and innovators, which are feasible over time, able to generate resources and which have the support of a collaborating institution of MicroBank.
The applicant/candidate must submit the following:
Innovating business projects that present a business plan that is viable over time and has the ability to generate resources to meet its obligations, including repayment of the loan requested.
The applicant must visit his/her branch to apply for the microcredit and provide the required documents so that the branch can assess the transaction and the risk associated with the applicant.
This funding is possible thanks to the guarantee provided by the COSME Programme and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The EFSI aims to assist with supporting funding and making productive investments in the European Union along with ensuring increased access to funding.
Granting this transaction is subject to the analysis of the solvency and the ability to return of the applicant, depending on the institution's risk policy.
(*) Advertised product: personal loan. French repayment system.
Representative example 1: For a loan of €40,000 over 72 months, the APR is 6.062%, the amount repayable (capital plus interest) is €48,117.90; the resulting instalment for the first 6 months is €196.67 (interest only) and €711.18 for the remaining 66 months (capital and interest). Representative example 2: For a loan of €50,000 over 84 months, the APR is 6.062%, the amount repayable (capital plus interest) is €63,759.36; the resulting instalment for the first 24 months is €245.84 (interest only) and €964.32 for the remaining 60 months (capital and interest).
Only a grace period for capital at the beginning of the loan has been taken into account to calculate the APR.
CaixaBank, S.A., agent entity of Nuevo Micro Bank S.A.U., assigned TIN A65619421, and recorded in the Companies Registry of Madrid in Volume 31008, Folio 46, Section 8, Sheet M-558139, with registered office in Madrid at Calle Aduana 18.