CyrillicRSD CAR LOANS WITHOUT INSURANCE
Loans for the purchase of cars, motor vehicles and vesselsDuring promotional period until 1 July 2023
Benefits
Loan amount
From RSD 50,000 to RSD 3,000,000
Interest rate
NIR for the first 12 months, i.e. after the end of the 12-month period, until the date of the first adjustment of the interest rate is fixed and amounts to 10.00%. After the 3th month, i.e. after the date of the first adjustment, the NIR is variable and is calculated as the sum of 6M BELIBOR valid on 30 May and 30 November and a fixed margin in the amount of 4.50%. The newly determined interest rate is calculated on the balance of the unpaid principal on 30 June and 31 December of each year.
Fee
Main security instruments
Additional security instruments
Early repayment
Upon a written request to the Bank, the Borrower can make a partial or early repayment of the entire outstanding loan without a fee.
Required documentation
REPRESENTATIVE EXAMPLE
Type of loan
RSD car loan without insurance
Loan amount
RSD 800.000
Repayment period
60 months
Contracted currency
RSD
Nominal annual interest rate
10% (fixed for the first 12 months, first adjustment 4.50% + 6M BELIBOR)
Indexing criteria
No indexing criteria
Monthly annuity
RSD 16,997.64
Loan security
2 promissory notes
Promissory note cost
RSD 100
Credit bureau report
RSD 246
Fee
RSD 0
Total loan amount
(principal + interest + costs)
(principal + interest + costs)
RSD 1,026,451.40
Effective interest rate
10.74%
*Representative example as of 13 March 2023
Useful documents
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