More loans for professionals

BRD-Groupe Societe Generale has added a new loan to its product portfolio – ‘Expert’ aimed at self-employed professionals. The loan is intended to be used for funding investments in equipment and various other things required for the borrower to operate, including cars and office supplies. To be eligible for such a loan, the applicants need to meet a number of requirements: be a solicitor, notary, doctor, pharmacist or accountant and have been in business for at least 12 months. The bank offers 1,000 to 25,000 euro (or the ROL or US dollar equivalent) loans through this product for up to five years. According to the bank officials, the loans could be granted to other types of entrepreneurs at a later date, depending on the performance of the product. ZF