Right to uncommitted lending facility can be exercised by the holders of current accounts who have regular monthly income based on salary or pension. After the first payment deposit of salary or pension, the client may submit the application for approval of uncommitted lending facility. For the process of approval of uncommitted lending facility the Bank does not charge any fee. The uncommitted lending facility is extended for the period of 12 months in the amount of average salary/pension-related inflow subject to prior evaluation of client’s creditworthiness. For the amount of drawn lending facility the Bank charges the loan interest that is determined by the General Operating Conditions of Komercijalna banka AD Beograd for natural persons and by the applicable Decision on interest rates.
APPROVAL OF UNCOMMITTED LENDING FACILITY
Conditions
Regular inflow based on
salary/pension
Required documents
Application for approval of uncommitted lending facility
Questionnaire/Statement for natural person
The amount of uncommitted lending facility
Up to the amount of average three-month/one-month inflow
Repayment period
Up to 12 months
Interest rate
2,20% monthly, variable
pensioners - 2,00% monthly, variable
Repayment of uncommitted lending facility
At the repayment period expiration date
Effective interest rate
30,31%
Pensioners – 27,24%
Effective
interest rate is calculated on 26.11.2009
