Loan for users of parental benefits

Loan is granted to the client who meets the following conditions:

Client receives parental benefits for the second, third or fourth child through a current account with Postal Savings Bank;
Client's financial status and creditworthiness are assessed by the Bank as positive.

Loan amount and repayment period

From RSD 10,000 to RSD 250,000 per product.
Loan is approved for a period of 6 to 36 months. Loan is repaid by debiting the current account of the loan beneficiary, starting one month after the loan disbursement date.

Interest rate

Nominal interest rate is fixed during the entire loan repayment period.

Interest rate amounts to 8.88% annually.

Interest is calculated using the proportional method.

Default interest is equal to the statutory default interest or the contracted (regular) interest if it is higher.

Loan costs

Credit Bureau report fee in the amount of RSD 246.00.
One promissory note in the amount of RSD 50.00.

Security instruments

One blank solo promissory note containing a "no protest" clause.

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

Decision of the competent authority on entitlement to parental benefits.
Certificate of employment and amount of income (only for employed persons)

REPRESENTATIVE EXAMPLE OF THE LOAN

Type of loan

Cash loan for users of parental benefits

Loan amount

RSD 250,000

Repayment period

36 months

Loan currency

RSD

Nominal annual interest rate

8.88%

Indexing criteria

No indexing criteria

Monthly annuity

RSD 7,935.98

Loan security

1 promissory note

Promissory note cost

RSD 50.00

Credit bureau report

RSD 246.00

Fee

RSD 0

Total loan amount
(principal + interest)

RSD 285,991.28

Effective interest rate

9.31%

*Representative example as of 22 May 2023

RSD LOAN FOR USERS OF PARENTAL BENEFITS