Loans
RBMV Bank - Royal Bank of Mount Vema |
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Looking for a personal or business loan?
RBMV Bank can provide you with secured and unsecured finance. Personal Loan, Cashflow Loan, Working Capital Loan, Long-term Business Loan, Asset Finance, Refinance a Loan, Tax Payment and more.
RBMV Bank can provide you with secured and unsecured finance. Personal Loan, Cashflow Loan, Working Capital Loan, Long-term Business Loan, Asset Finance, Refinance a Loan, Tax Payment and more.
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Get a Personal Loan!
Finance for employees of Mount Vema entities Borrow from: ₲1,000 - ₲25,000 golles over 1-30 Yrs. (see exchange rates)
Flexible Repayments & Dedicated Account Manager. Pay Back Early, Pay Less. |
Get a Business Loan!
International Corporate Finance Borrow from: ₲10,000 - ₲250,000 golles over 1-20 Yrs. (see exchange rates)
Flexible Repayments & Dedicated Account Manager. Pay Back Early, Pay Less. |
A business loan with the RBMV Bank offers certain levels of flexibility while also providing fledgling or growing businesses with certainty for the years ahead. When you bank with RBMV Bank and as we get to know your business, we’ll give you a provisional lending limit, which we’ll update monthly. If a business opportunity presents itself and you need a substantial cash injection to take it up, we’re ready to help, if it’s right for your business.
Can i get a loan?
Whether or not you can get a loan will depend on your own financial situation or that of your business. As with any other borrowing, we will need to see your personal finances for personal loans. Or a business plan or accounts for business loans, depending on whether you're a start-up or already running a business. But in addition we may also want to look into your personal credit history or that of your business. If you don't have a credit history with Mount Vema, you can start building one.
Credit History -
To have your loan application considered, you might need to pass a credit check. To build a credit history with Mount Vema you need to engage with the society. You need to be paying a bill in golles, or having a bank account with the RBMV Bank is one of the way to start, in order to build a credit history.
To have your loan application considered, you might need to pass a credit check. To build a credit history with Mount Vema you need to engage with the society. You need to be paying a bill in golles, or having a bank account with the RBMV Bank is one of the way to start, in order to build a credit history.
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Most people and businesses need to take out a loan, either to help them get started or to move them onto their next phase of growth in the case of a business. Our loans are tailored to the needs of the individuals or individual businesses, so if you want to take out a loan from us, it's a good idea to speak to an adviser and make sure your finances will allow it.
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Interest RatesThe amount of interest you pay will depend on your' circumstances. We may need to see details of your finances, or past accounts and future financial forecasts and the interest rate you're offered will depend on these. Most loans are fixed rate so you'll pay the same amount every month which means you can budget and plan.
However, variable rates are also available, which means the interest you pay fluctuates depending on the Bank of Mount Vema base rate or market forces. With a variable loan, your monthly payments could go up or down at any time, so make sure you're comfortable with this risk. The RBMV Bank business loan also offers a repayment holiday, which means you can take a few months off from repaying your loan if you're waiting on payment from clients or if you have a cash-flow problem - but be aware that if you do take a payment holiday, you'll pay more in interest as it will continue to accrue, and it'll take longer to pay off the loan. |
Secured and Unsecured loansSecured and Unsecured loans
Our unsecured loan is limited, usually to around 15,000 for personal loans, and 25,000 golles for business loans - bigger loans usually require security of some kind. Secured loans Secured loans allows the borrowing of larger sums of money than unsecured loans. A secured loan can be secured against a number of different things and depends on the value of the loan and its purpose. Security may include a personal guarantee, security over whatever's being purchased with the loan or over assets in the business. It may even be possible to put your own home up as security. Remember that your home will be at risk if you or the business fails to keep up repayments, so think carefully about this option. Early Repayments - If you want to repay the loan before the term you will pay less. However, you may be subject to an early repayment charge.
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RBMV Bank - Royal Bank of Mount Vema
Is a PLC company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
142 Westland Road, Maryland
Postal Code: 3284A
Mount Vema
Registration number 17010004, VAT number KMVC00-000-004
Is a PLC company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
142 Westland Road, Maryland
Postal Code: 3284A
Mount Vema
Registration number 17010004, VAT number KMVC00-000-004