Consumer Loans

It’s always a good feeling!

To all of its clients and all citizens Komercijalna banka approves consumer loans for variety of purposes, under very favourable terms.

The loans are approved for:

  • Purchase of consumables
  • Tuition fees payment
  • Payment of tourist, health and other services.


Minimum conditions that the loan applicant must meet are as follows:

  • Permanent employment of minimum 6 months with the current employer
  • Total years of service of minimum 12 months

 

RSD Consumer Loans, Terms and Example

 To all of its clients and other citizens Komercijalna banka approves RSD consumer loans, under very favourable terms, with repayment period of up to 77 months

77 instalment – 77 opportunities to be in a good mood!

DINAR CONSUMER LOAN

CLIENT TYPE

THE BANK’S CLIENTS

OTHERS

LOAN AMOUNT

Up to the amount of the applicant’s creditworthiness, max RSD 1,000,000.00 – 1,500,000.00

LOAN CURRENCY

Dinar loan

REPAYMENT PERIOD

Up to 84 months

NOMINA INTEREST RATE PER YEAR

between 11% and 13%, fixed

– the first 36 months of repayment

between 6.45% and 8.45% + 6M BELIBOR, variable – after 36 months

Margin between 6.45% and 8.45% is fixed

17%, fixed

– first 36 months of repayment

6M BELIBOR + 10.45%, variable – after 36 months

Margin between 10.45% is fixed

ADJUSTMENT OF INTEREST RATE AFTER EXPIRATION OF 36 M.

The first adjustment of interest rate is made upon expiration of the fixed period including the period of interim interest, and then every six months, by applying the value of 6M BELIBOR that is set at the market two working days prior to the adjustment date.

THE BANK’S FEE (% OF THE LOAN AMOUNT)

2%

3%

LOAN COLLATERAL

Two blank promissory notes from the borrower

Two blank promissory notes each from the borrower and a creditworthy guarantor

LOAN REPAYMENT

monthly in dinars



EXAMPLE:

DINAR CONSUMER LOANS

CLIENT TYPE

THE BANK’S CLIENTS

OTHERS

LOAN AMOUNT

RSD 100,000.00

REPAYMENT PERIOD

40 months

NOMINAL INTEREST RATE PER YEAR

13%, fixed

– first 36 months of loan repayment

6M BELIBOR + 8.45%, variable – after 36 months

Margin of 8.45% is fixed

17%, fixed

– first 36 months of repayment

6M BELIBOR + 10.45%, variable – after 36 months

Margin of 10.45% is fixed

THE BANK’S FEE (% OF LOAN AMOUNT)

2% (RSD 2,000.00)

3% (3,000.00)

MONTHLY INSTALLMENT

RSD 3,093.97 – first 36 m.

RSD 3,087.35 – first 36 m.

RSD 3,292.08 – first 36 m.

RSD 3,271.64 – after 36 m.

TOTAL LOAN AMOUNT INCL. INTEREST

RSD 123,732.32

RSD 131,601.44

EFFECTIVE INTEREST RATE

15.50

21.15%

OTHER EXPENSES INCLUDED IN THE CALCULATION OF EFFECTIVE INTEREST RATE

COST OF OBTAINING A REPORT FROM CREDIT BUREAU

RSD 246.00

RSD 348.00

COST OF ISSUING PROMISSORY NOTES

RSD 100.00

RSD 200.00

 

 

 

 

 

Value of 6M BELIBOR is 3.50%
Calculation made on 09.03.2016

 

*An example is prepared for the Bank’s clients and for other people who do not receive their salary via an account in Komercijalna banka.

**Specific loan conditions depend on internal segmentation of the Bank’s clients. Please visit the nearest branch for a loan calculation.



 

Consumer loans with FX clause, terms and example

84 instalments – 84 opportunities to be in a good mood!

CONSUMER LOANS WITH CURRENCY CLAUSE

client type

THE BANK’S CLIENTS

OTHERS

loan amount

Up to the amount allowed by the applicant’s creditworthiness, but not exceeding RSD 1,000,000.00

loan currency

Dinar loan indexed in EUR

indexing criteria

EUR – NBS middle exchange rate

repayment period

Up to 84 months

nominal interest rate per year

between 6.50% and 8.00% fixed

9.50% fixed

the bank’s fee (% of the loan amount)

between 1% and 2%

3%

loan collateral

Two blank borrower’s promissory notes

Two blank borrower’s promissory notes and a creditworthy guarantor

loan repayment

Monthly repayment in dinar equivalent of EUR, at the NBS middle exchange rate on the day the monthly instalment is paid

downpayment

30% of the amount on the invoice

 

 

 

 



EXAMPLE:

CONSUMER LOANS WITH CURRENCY CLAUSE

CLIENT TYPE

THE BANK’S CLIENTS

OTHERS

INVOICED AMOUNT

EUR 2,000.00

DOWNPAYMENT

EUR 600.00

LOAN AMOUNT

EUR 1,400.00

REPAYMENT PERIOD

20 months

NOMINAL INTEREST RATE PER AnNUM

8 % fixed

9.50% fixed

THE BANK’S FEE (2% OF THE LOAN AMOUNT)

2% (EUR 28.00)

3% (EUR 42.00)

MONTHLY INSTALLMENT

EUR 75.00

EUR 75.6

TOTAL AMOUNT OF LOAN INCL. INTEREST

EUR 1,500.00

EUR 1,519.20

EFFECTIVE INTEREST RATE

11.15%

14.42%

OTHER EXPENSES INCLUDED in the CALCULATION OF EFFECTIVE INTEREST RATE

COST OF OBTAINING A REPORT FROM THE CREDIT BUREAU

RSD 246.00

RSD 348.00

COST OF ISSUING PROMISSORY NOTES

RSD 100.00

RSD 200.00

 

 

 

 

 

 

Calculation as of 09.03.2016

 

*An example is prepared for the Bank’s clients and for other people who do not receive their salary via an account in Komercijalna banka.

**Specific loan conditions depend on internal segmentation of the Bank’s clients. Please visit the nearest branch for a loan calculation.