Loans Intended for Pensioners

Loans are intended both to the pensioners who are Bank’s customers and to those who are not our customers.

Collaterals are borrower’s promissory notes and life insurance policy.The costs of life insurance shall be borne by the Bank.

 

Cash and refinancing loans with life insuance bearing no currency clause

CASH LOANS in dinars AND REFINANCING LOANS WITH LIFE INSURANCE INTENDED for PENSIONERS

loan amount

Up to creditworthiness of the loan applicant and max to RSD 700.000,00

CURRENCY OF THE LOAN AGREEMENT

Dinar loan

REPAYMENT PERIOD

Up to 60 months

 

NOMINAL INTEREST RATE,

PER ANNUM

13,95% fixed

BANK’S FEE (% OF THE LOAN AMOUNT)

Pensioners, Bank’s customers – 1% of the loan amount

Pensioners who are not customers of the Bank– 2% of the loan amount

COLLATERAL

Promissory note of the loan beneficiary

Life Insurance Policy of the company Generali a.d.o. assigned in favour of the Bank

LOAN REPAYMENT

On monthly basis in dinars


EXAMPLE: LOANS FOR PENSIONERS WHO ARE NOT CUSTOMERS OF THE BANK

LOANS FOR PENSIONERS WHO ARE CUSTOMERS OF THE BANK

LOAN AMOUNT

RSD 200.000,00

REPAYMENT PERIOD

60 months

NOMINAL INTEREST RATE,

PER ANNUM

13,95% fixed

BANK’S FEE (1% OF THE LOAN AMOUNT)

RSD 2.000,00

MONTHLY ANNUITY

RSD 4.648,47

TOTAL LOAN AMOUNT WITH INTEREST

RSD 278.908,20

EFFEctive INTEREST RATE

15,49%

OTHER COSTS INCLUDED IN CALCULATION OF EFFECTIVE INTEREST RATE

COSTS OF OBTAINING THE REPORT FROM THE CREDIT BUREAU

RSD 246,00

COSTS OF PROMISSORY NOTE ISSUANCE

RSD 50,00

 

EXAMPLE: LOANS FOR PENSIONERS WHO ARE CUSTOMERS OF THE BANK

 

 

 

 

loans for pensioners who are not customers of the bank

LOAN AMOUNT

RSD 200.000,00

REPAYMENT PERIOD

 

60 months

NOMINaL INTEREST RATE,

PER ANNUM

 

13,95% fixed

BANK’S FEE (2% OF THE LOAN AMOUNT)

RSD 4.000,00

MONTHLY ANNUITY

 

RSD 4.648,47

TOTAL LOAN AMOUNT WITH INTEREST

 

RSD 278.908,20

EFFECTIVE INTEREST RATE

 

16,02%

OTHER COSTS INCLUDED IN CALCULATION OF EFFECTIVE INTEREST RATE

COSTS OF OBTAINING THE REPORT FROM THE CREDIT BUREAU

RSD 246,00

COSTS OF PROMISSORY NOTE ISSUANCE

RSD 50,00


Calculation made on 04.01.2016.