Property pledged / leased

The program is aimed at protecting the obligations of the Borrower before the Credit Organization.

Nowadays, Credit provides an opportunity: to solve various kinds of problems, satisfy current needs or implement interesting ideas, and sometimes it even gives an opportunity to fulfill a cherished dream. And for entrepreneurs, a loan provides an opportunity to develop their own business.

Knowing the amount of his/her earnings or estimated income, the Borrower, when applying to the Credit Organization, calculates the amount and considers duration of the loan payments allowed for him.

When issuing loans of large sizes, every bank wants to ensure their repayment, which can be achieved with the help of the pledge of real estate, industrial equipment of the borrower or other types of property. The safety of the integrity of the collateral is in the interests of both the Borrower and the bank, but no one can guarantee it to you. The probability of partial or complete loss of property is very high. Risks can be of all kinds, from negligence of the Borrower to damage from natural disasters and cataclysms.

In the event of such a case, the borrower, in addition to obligations for the loan, also has a need to restore the property. The insurance organization «BIMA» offers the program of insurance of pledged property against fire and other dangers in the event of partial damage or complete destruction (loss) of property.

The main idea of the program is as follows:
If the insured property pledged against a loan suffers complete or partial destruction during the insurance period, the Insurance Organization will indemnify the losses incurred by the Insured in accordance with the insurance conditions.

This allows the Borrower, in the event of unforeseen situations, to shift the burden of responsibility onto the shoulders of the Insurance Organization, avoid fines and penalties on the overdue loan, not burden his/her relatives and friends financially and get the opportunity to restore the lost property.