Line of Credit
The Line of Credit provided by Mount Vema is part of a pledge, and a global poverty reduction policy, introduced to provide liquidity worth 200 billion golles (about $400 billion USD dollars) to the global economy, starting from the fiscal year 2023/2024. The credit line is available to any businesses and governments anywhere in the world and is managed by the Reserve Bank of the Kingdom of Mount Vema.
The Royal Mount Vema Reserve Bank provides credit facilities to businesses, and governments worldwide. All you need is a Mount Vema bank account to get started.
Note: A 10% registration fee is applicable to cover the cost of setting up the line of credit facility, processing the application, performing security checks, in addition to the fee also called “unused line fee” for keeping the credit facility open which may be charged monthly, quarterly or annually, as an annualized percentage fee on the money not withdrawn.
Unsecured Line of Credit
Apply for an interest free line of credit. You don't have to pay it back for a period of six months. After six months you pay back monthly, and only a minimum of 1% of the total amount you borrowed. When times are hard, you can ask for an extension to resume repayments at a later date.
Credit Limits
For credit up to $500.00 USD - The Registration fee is: $55.00 For credit up to $1000.00 USD- The Registration fee is: $105.00 For credit up to $5000.00 USD- The Registration fee is: $505.00 For credit up to $10000.00 USD- The Registration fee is: $1005.00 For credit up to $100000.00 USD- The Registration fee is: $10,005.00 For credit up to $1000000.00 USD- The Registration fee is: $100,005.00 |
Registration Fee: Payment Options:
-By Card -By Bank Transfer -Through a money transfer agency |
The Royal Mount Vema Reserve Bank line of credit is effectively a source of funds in foreign exchange that can readily be tapped at the borrower's discretion. Interest will be paid only on money actually withdrawn, if or when applicable depending on the type of credit approved.
Need a secured line of credit?
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The Reserve Bank is an Institution of the Crown of the State.
The Reserve Bank line of credit is a combination of secured by collateral (with a higher maximum credit limit and significantly lower interest rate) and unsecured (with slightly higher-interest rate and restricted credit line limit) facility which will enable customers to draw on the facility when funds are needed, and will take several forms, such as an overdraft limit, demand loan, special purpose, export packing credit, term loan, purchase of commercial bills, as well as revolving credit card accounts. It is effectively a source of funds that can readily be tapped at the borrower's discretion. Interest is paid only on money actually withdrawn.
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No weapon formed against you shall prosper, And every tongue which rises against you in judgment you shall condemn. This is the heritage of the servants of the LORD, "And their righteousness is from Me," Says the LORD. Isaiah 54:17
MOUNT VEMA
18 YEARS OF ROYAL HISTORY
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The Legal Entities of Mount Vema
COUNTRY
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COUNTRY CODE
COUNTRY CODES IN USE Mount Vema Country Code: OV / MOV Mount Vema Numeric Country Code: 507 Currency Code: VSG Top-Level Domain: .com, and .ov (proposed) Proposed Telephone Country Code: +294 |
International Treaties – Ratified by the Kingdom of Mount Vema
Law of the Sea Treaty (United Nations Convention on the Law of the Sea) MARPOL 73/78 (Convention for the Prevention of Pollution from Ships) The Vienna Convention on Diplomatic Relations of 1961 The Vienna Convention on Consular Relations 1963 |
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AMBER WARNING official advise to be prepared. >>>
RED WARNING official advise to take action as instructed by the emergency services. >>>