Cheese in exchange for favorable loan

20 Aug 2014. In Italy there is an unprecedented situation - some banks began to issue favorable loans secured cheese.

Premises in several Italian banks in the North today looks more like a storage warehouse of cheese, rather than on the banking room - banks have started to provide cheap loans with a rate of 3-5% per annum secured Parmesan cheese.

Credit terms: within two years, banks keep the cheese to Mature, if the loan is not paid, then the banks will sell the cheese. The cheese is met strict quality requirements, banks followed carefully monitored and constantly check it, keeping in dedicated storage areas with suitable conditions.