Refinancing loans

Cash – general purpose loans can be approved to the Bank’s clients but also to natural persons who do not hold a current account with Komercijalna banka.


Apart from the standard documents, the client must obtain a certificate from the Bank on the amount of debt arising from the loan or from the credit card that is being refinanced.

Refinancing loan without fx clause:

DINAR LOAN FOR REFINANCING

type of client

BANK’S CLIENTS

OTHER CITIZENS

LOAN AMOUNT

Up to creditworthiness of the loan applicant, and maximum up to RSD 1.000.000,00 - 1.500.000,00

CURRENCY OF THE LOAN AGREEMENT

Dinar loan

REPAYMENT PERIOD

Up to 99 months

NOMINAL INTEREST RATE,

PER ANNUM

from 11,50% to 13,50%, fixed

– the first 36 months of loan repayment

from 6,95% to 8,95% + 6M BELIBOR, variable – after 36 months

Margin level from 6,95% to 8,95% is fixed

17,50%, fixed

– for the first 36 months of loan repayment

6M BELIBOR + 10,95%, variable – after 36 months

Margin level of 10,95% is fixed

ADJUSTMENT OF INTEREST RATE AFTER EXPIRY OF 36 MONTHS.

The first adjustment of interest rate is conducted after expiry of the fixed period, including the period of calculation of interim interest, and then every six months, 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 (% OF LOAN AMOUNT)

2%

3%

COLLATERAL

Two blank bills of exchange of the loan user

Two blank bills of exchange of both the loan user and of the creditworthy guarantor

loan repayment

Monthly in dinars



EXAMPLE:


DINAR LOAN FOR REFINANCING

tYPE OF CLIENT

BANK’S CLIENTS

OTHER CITIZENS

LOAN AMOUNT

RSD 300.000,00

REPAYMENT PERIOD

60 months

NOMINAL INTEREST RATE,

PER ANNUM

13,50%, fixed

– for the first 36 months of loan repayment

6M BELIBOR + 8,95%, variable – after 36 months

Margin level of 8,95% is fixed

17,50%, fixed

– for the first 36 months of loan repayment

6M BELIBOR + 10,95%, variable – after 36 months

Margin level of 10,95% is fixed

BANK’S FEE (% OF THE LOAN AMOUNT)

2% (RSD 6.000,00)

3% (9.000,00)

MONTHLY ANNUITY

RSD 6.902,95 – first 36 months

RSD 6.831,72 – after 36 months

RSD 7.536,66 – first 36 months

RSD 7.315,64 – after 36 months

total loan amount with interest

RSD 412.467,48

RSD 446.895,12

EFFECTIVE INTEREST RATE

15,28%

20,27%

OTHER COSTS THAT ARE INCLUDED IN CALCULATION OF EFFECTIVE INTEREST RATE

costs of obtaining the report from credit bureau

RSD 246,00

RSD 348,00

costs of bills of exchange issuance

RSD 100,00

RSD 200,00

 

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

 

*Representative example is calculated for Bank’s regular clients and for other citizens who do not receive their salaries through the accounts held with Komercijalna Banka.

**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 loan calculation.

Refinancing loan with currency clause:

LOAN FOR REFINANCING WITH CURRENCY CLAUSE

TYPE OF CLIENT

BANK’S CLIENTS

OTHER CITIZENS

LOAN AMOUNT

Up to creditworthiness of the loan applicant, and maximum up to RSD 1.200.000,00

CURRENCY OF THE LOAN AGREEMENT

Dinar loan indexed in EUR

CRITERIA FOR INDEXATION

EUR – middle exchange rate of NBS

REPAYMENT PERIOD

Up to 99 months

NOMINAL INTEREST RATE,

PER ANNUM

from 7% to 7,6%, fixed

10% fixed

BANK’S FEE (% OF THE LOAN AMOUNT)

from 1% to 2%

3%

COLLATERAL

Two blank bills of exchange of the loan user

Two blank bills of exchange of the loan user and the creditworthy guarantor

LOAN REPAYMENT

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

FX DEPOSIT

30% of the loan amount



EXAMPLE:


LOAN FOR REFINANCING WITH CURRENCY CLAUSE

TYPE OF CLIENT

BANK’S CLIENTS

OTHER CITIZENS

LOAN AMOUNT

EUR 3.000,00

REPAYMENT PERIOD

60 months

NOMINAL INTEREST RATE,

PER ANNUM

7,6% fixed

10% fixed

DEPOSIT (MIN 30%)

EUR 900,00

BANK’S FEE (% OF THE LOAN AMOUNT)

2% (EUR 60,00)

3% (EUR 90,00)

MONTHLY ANNUITY

EUR 60,26

EUR 63,74

TOTAL LOAN AMOUNT WITH INTEREST

EUR 3.615,60

EUR 3.824,40

EFFECTIVE INTEREST RATE

18,39%

24,38%

OTHER COSTS THAT ARE INCLUDED IN CALCULATION OF EFFECTIVE INTEREST RATE

costs of obtaining the report from credit bureau

RSD 246,00

RSD 348,00

costs of bills of exchange issuance

RSD 100,00

RSD 200,00

 

Calculation is performed on 09.03.2016

 

* Representative example is calculated for Bank’s regular clients and for other citizens who do not receive their salaries through the accounts held with Komercijalna Banka.

** 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 loan calculation.