Cash loan for pensioners

A loan is granted to the clients who meet the following conditions:

Client is a beneficiary of pension and disability insurance (pensioner)
Client's financial status and creditworthiness are assessed by the Bank as positive
Client has a current account opened with the Bank.

Loan amount and repayment period

From RSD 20,000 to RSD 200,000 per product.
The loan is approved for a period of 1 (one) to 6 (six) months. The loan is repaid by debiting the current account of the loan beneficiary. Loan repayment starts one month after the loan disbursement date.

Interest rate

The Bank does not calculate interest on the approved loan.
Default interest is equal to the statutory default interest.
Default interest is calculated using the proportional method.

Loan costs

The costs borne by the user are known at the time of advertising and are included in the calculation of the effective interest rate.

One-time loan processing fee in the amount of 3.00% of the approved loan amount.
Cost of issuing a Credit Bureau report in the amount of RSD 246.00.
Cost of the promissory note in the amount of RSD 50.00.

Security instruments

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.

REPRESENTATIVE EXAMPLE OF A LOAN

Type of loan

Cash loan for pensioners

Loan amount

RSD 50,000

Repayment period

6 months

Contracted currency

RSD

Nominal annual interest rate

0,00%

Indexing criteria

No indexing criteria

Monthly annuity

RSD 8,333.33

Loan security

1 promissory note

Promissory note cost

RSD 50.00

Credit Bureau report

RSD 246.00

Fee

RSD 1,500

Total loan amount
(principal + interest)

RSD 50,000

Effective interest rate

11.3664%

*Representative example as of 23 March 2022

CASH LOAN FOR PENSIONERS