Car Loans

Loans with priority passing!

With car loans of Komercijalna Banka, you will both enjoy driving your car and repaying it.

Stable in turnings!

 

Loans for Motor Vehicle Purchase without Currency Clause

 

type of loan

DINAR LOANS FOR PURCHASE OF MOTOR VEHICLES

BANK’S CLIENTS

LOAN AMOUNT

Up to the amount of pro forma invoice, and/or the purchase and sale agreement and up to creditworthiness of the loan applicant

CURRENCY OF THE LOAN AGREEMENT

Dinar loan

REPAYMENT PERIOD

Up to 84 months

NOMINAL INTEREST RATE
PER ANNUM

from 6% to 8% + 6M BELIBOR, variable

ADJUSTMENT OF INTEREST RATE

Adjustment of interest rate is carried out twice a year, every six months, as of the date the loan repayment commences, by applying the value of 6M BELIBOR, which is defined in the market two working days prior to the date of adjustment

BANK’S FEE

1% - 2% of the loan amount

COLLATERAL

- For loan amounts up to EUR 8.000,00:

Two blank bills of exchange of the loan beneficiary

 

- For loan amounts exceeding EUR 8.001,00:

Two blank bills of exchange signed by the loan beneficiary, Casco/comprehensive car insurance assigned in favour of the Bank and chattel mortgage on a vehicle that is subject to lending for the entire period of loan duration  or

Two blank bills of exchange of both the loan beneficiary and of the creditworthy guarantor and chattel mortgage on a vehicle which is subject to lending, for the entire period of loan duration

SPECIAL CONDITION

Financing of purchase of used motor vehicles can be performed under the condition that such vehicles are not older than 60 months as of the date of loan approval, or older than 84 months at the time of repayment of the last monthly annuity.

Other citizens can obtain information on loan terms in the nearest branch or sub-branch of Komercijalna banka or by calling the Contact Centre of the Bank.

In all cases where the collateral for loan is a pledge on vehicle, at the time of loan approval there will be insurance costs, costs of obtaining certificates, permits, statements and decisions of the competent bodies, costs of establishing a lien, and alike. The above costs are included in the representative example.
EXAMPLE:

TYPE OF LOAN

DINAR LOANS FOR PURCHASE OF MOTOR VEHICLES

BANK’S CLIENTS

LOAN AMOUNT

RSD 500.000,00

REPAYMENT PERIOD

84 months

currency of the loan agreement

Dinar loan

NOMINAL INTEREST RATE
PER ANNUM, VARIABLE

6M BELIBOR + 8%

BANK’S FEE (2% OF THE LOAN AMOUNT)

RSD 10.000,00

MONTHLY ANNUITY

RSD 8.693,23

COLLATERAL

Two bills of exchange of the loan user, chattel mortgage on a vehicle

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

COSTS OF BILLS OF EXCHANGE ISSUANCE

RSD 100,00

TOTAL LOAN AMOUNT WITH INTEREST

RSD 730.231,32

EFFEECTIVE INTEREST RATE

12,89%

Calculation is performed on 09.03.2016
Value of 6M BELIBOR is 3,50%

 

*Representative example is calculated for Bank’s regular clients

** Specific terms of lending depend on internal segmentation of Bank’s clients. We kindly ask you to approach the nearest branch or sub-branch of the Bank for further information regarding the loan calculation.

Loans for Motor Vehicle Purchase with FX Clause

 

type of loan

LOANS FOR PURCHASE OF MOTOR VEHICLES WITH CURRENCY CLAUSE

BANK’S CLIENTS

LOAN AMOUNT

Up to the amount of pro forma invoice, and/or purchase and sale agreement and up to creditworthiness of the loan applicant

Repayment period

Up to 84 months

NOMINAL INTEREST RATE
PER ANNUM, FIXED

from 5,50 to 6,10%

BANK’S FEE

1% - 2% of the loan amount

COLLATERAL

- For loan amounts up to EUR 8.000,00:

Two blank bills of exchange of the loan beneficiary

 

- For loan amounts exceeding EUR 8.001,00:

Two blank bills of exchange signed by the loan beneficiary, Casco/comprehensive car insurance assigned in favour of Bank and chattel mortgage on a vehicle that is being financed by means of lending for the entire period of loan duration  or

Two blank bills of exchange of both the loan beneficiary and the creditworthy guarantor and chattel mortgage on a vehicle subject to lending, for the entire period of loan duration

loan repayment

Monthly in dinar equivalent of EUR at middle exchange rate of NBS, applicable on the day of payment of the monthly annuity

DOWNPAYMENT

Min 30% of the amount indicated in the pro forma invoice, an/or of the amount from purchase and sale agreement

SPECIAL CONDITION

Financing the purchase of used motor vehicles can be conducted under the condition that such vehicles cannot be older than 60 months as of the date of loan approval, or older than 84 months at the time of repayment of the last monthly annuity.

 

Other citizens can obtain information on loan terms in the nearest branch or sub-branch of Komercijalna banka or by calling the Contact Centre of the Bank.


In all cases where the collateral for loan is a pledge on vehicle, at the time of loan approval there will be insurance costs, costs of obtaining certificates, permits, statements and decisions of the competent bodies, costs of establishing a lien, and alike. The above costs are included in the representative example.

EXAMPLE:

type of loan

LOANS FOR PURCHASE OF MOTOR VEHICLES WITH CURRENCY CLAUSE

bank’s clients

value of proforma invoice

EUR 10.000,00

DOWN PAYMENT MIN 30%)

EUR 3.000,00

LOAN AMOUNT

EUR 7.000,00

REPAYMENT PERIOD

84 months

currency of the loan agreement

Dinar loan indexed in EUR

CRITERIA FOR INDEXATION

EUR – middle exchange rate of NBS

NOMINAL INTEREST RATE
PER ANNUM, FIXED

6,10%

BANK’S FEE (2% OF THE LOAN AMOUNT)

EUR 140,00 (RSD 17.262,67)

MONTHLY ANNUITY

EUR 102,60

collateral

Two blank bills of exchange of the loan beneficiary

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

costs of bills of exchange issuance

RSD 100,00

total loan amount with interest

EUR 8.618,40

effective interest rate

6,94%

 


Calculation is made on 09.03.2016

 

*Representative example is calculated for Bank’s regular clients

**Specific terms of lending depend on internal segmentation of Bank’s clients. We kindly ask you to approach the nearest branch or sub-branch of the Bank for further information regarding the loan calculation