With car loans of Komercijalna banka you will feel as much enjoyment while driving your car as you will feel while repaying it.
Stable even in the road curves!
Consumer Loans for Purchase of Motor Vehicles with Currency Clause
Type of Loan
CONSUMER LOANS FOR PURCHASE OF MOTOR VEHICLES WITH CURRENCY CLAUSE AND WITH DOWN PAYMENT
TERMS AND CONDITIONS
BANK'S CUSTOMERS
OTHER CITIZENS
Loan Amount
Up to the amount of pro forma invoice, i.e. up to the amount of sale and purchase contract and up to the credit capacity of the loan applicant
Repayment Term
Up to 84 months
Interest Rate
12,90% per annum, variable
14,90% per annum, variable
Bank's Fee and Commission
2,00% of the loan amount
2,50% of the loan amount
Creditworthiness
Up to 30% of regular net monthly income/salary
Monthly Instalment
Monthly instalment is stated in EUR at the time the loan is disbursed; monthly instalment must be at least EUR 15,00 in dinar counter-value
Loan Repayment
Loan is repaid on monthly basis in dinar counter-value at middle exchange rate of NBS for EUR as of monthly instalment payment due date
Collateral
2 blank promissory notes signed by the loan applicant , comprehensive car insurance assigned to the Bank and chattel mortgage on the vehicle which is financed by the loan for the entire duration of the loan
*By crediting the business bank account of the seller – legal entity
*By crediting the current account or dinar savings passbook opened with Komercijalna banka – if the seller is a private individual
Down Payment
Min 10% of the amount of pro forma invoice, i.e. of the amount of the sale and purchase contract
Prepayment
2% of the prepaid principal amount
Effective Interest Rate
14,46%
16,97%
Consumer Loans for purchase of Motor Vehicles without Currency Clause
Type of Loan
CONSUMER LOANS FOR PURCHASE OF MOTOR VEHICLES WITHOUT CURRENCY CLASUE
Terms and Conditions
The Bank's Customers
Other Citizens
Loan Amount
Up to the amount of pro forma invoice, i.e. up to the amount of the sale and purchase contract and up to the credit capacity of the loan applicant
Repayment Term
Up to 84 months
Interest Rate
22,00% per annum, variable
24,00% per annum, variable
Bank's Fee and Commission
2,00% of the loan amount
2,50% of the loan amount
Creditworthiness
Up to 30% of regular net monthly income/salary
Monthly Instalment
Monthly instalment is stated in RSD at the time the loan is disbursed; monthly instalment must be at least RSD 1.500,00
Loan Repayment
Loan is repaid on monthly basis, in dinars
Collateral
2 blank promissory notes signed by the loan applicant , comprehensive car insurance assigned to the Bank and chattel mortgage on the vehicle which is financed by the loan for the entire duration of the loan
or
2 bills of exchange drawn in blank signed by one credit worthy guarantor and chattel mortgage on the vehicle financed by the loan for the entire duration of the loan
Loan Disbursement
*By crediting the business bank account of the seller – legal entity
*By crediting the current account or dinar savings passbook opened with Komercijalna banka – if the seller is a private individual
Down Payment
Without down payment
Prepayment
2% of prepaid principal amount
Effective Interest Rate
25,31%
28,08%
EIR is calculated on the 17th of Septembar 2009
Creditworthiness: maximum encumbrance on loan beneficiary's salary can be up to 30%
Maximum encumbrance on guarantor's salary can go up to 50%
If the loan is used to finance the purchase of used motor vehicles, such vehicles cannot be older than 60 months on the date the loan is extended, i.e. not older than 84 months on the last monthly instalment repayment date.
