RSD Consumer Loan

During promotional period until 31 July 2024

No loan processing fee during promotional period.

Conditions for obtaining a loan

A loan is granted to the client who meets the following conditions:

Client is an employed person or 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 10,000 to RSD 800,000 per product.
Loan is repaid in 6 to 60 monthly installments by debiting the borrower's current account. Loan repayment starts one month after signing the Loan Agreement.

Interest rate

Nominal interest rate is fixed and amounts to:

For repayment periods of 6 and 12 months, 9.50% annually
For repayment periods of 18, 24, 36, 48 and 60 months, 12.90% annually

Loan costs

One-time loan processing fee in the amount of 1.50% of the approved loan amount.
Cost of issuing a Credit Bureau report in the amount of RSD 246.00.
Cost of two promissory notes in the amount of RSD 100.00.

Security instruments

One blank solo promissory note containing a "no protest" clause.
Attachment on salary (only for employed persons).
According to the Bank's assessment - deposit or creditworthy joint guarantor.

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

Pro forma invoice issued be the seller
Certificate of employment and amount of income (only for employed persons)
Decision on attachment on salary in two copies (only for employed persons)

REPRESENTATIVE EXAMPLE OF A LOAN

Type of loan

RSD Consumer loan

Loan amount

RSD 300,000

Repayment period

60 months

Contracted currency

RSD

Nominal annual interest rate

12.90%

Indexing criteria

No indexing criteria

Monthly annuity

RSD 6,811.01

Loan security

2 promissory notes

Promissory note cost

RSD 100

Credit bureau report

RSD 246

Fee

RSD 4,500

Total loan amount
(principal + interest + costs)

RSD 408,634.64

Effective interest rate

14.48%

Type of loan

RSD Consumer loan

Loan amount

RSD 50,000

Repayment period

12 months

Contracted amount

RSD