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Loans with
Monaco Bank and Trust
Types of Loans
Monaco Bank and Trust offers a wide range of loan options:
- Personal
- Commercial secured credit loans, which includes lines of credit, capital purchases, letters of credit and working capital
- Overdraft Facilities
- Real Estate loans to include condo financing, residential mortgages, residential construction loans, commercial mortgages, commercial construction loans and land development loans.
Interest Rates: Swiss Francs 4.5% APR Euros 7.5% APR Canadian Dollars 9.5% APR British Pounds Sterling 6.5% APR U.S. Dollar 11% - 13% APR (*) Flexible repayment schedules and terms available.
Loan Applications
All loan proposals must be in writing, signed by the borrower(s).
Financial Requirements:
- Current Statement of Affairs (Personal)
- Audited Financial Statements (Corporations) for at least two years
- Tax Returns for at least two years
- Projections (if applicable)
Other Requirements:
- Any borrowing client will be required to have a deposit account
- Two references are required on all signatories & beneficial owners, one bank and one personal (i.e. from an attorney, accountant etc.)
- Full name (s) and address (s) of bank/bankers
- Certified copy of Passport on all signatories & beneficial owners
- Full name, residential address, e-mail address, telephone and fax numbers
- Indemnity for facsimile and E-mail instructions form
- Signature card
Please Contact Us for more information about Monaco Bank and Trust loans
Foreign Currency Holding Accounts
- Available in: Canadian, Euro, Pound Sterling and Swiss Francs as holding accounts
- Application Fee US$100
- FATCA Fee applies to accounts that fall within reporting criteria US$250
- Monthly service charge US$12.50
- Minimum opening balance US$500
- 24 hour online access to account information and Quarterly Account Statements
Contact us to set-up your Foreign Currency Account today