Refinancing Loan With Variable Interest Rate

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

• Client is an employed person.
• Client's financial status and creditworthiness are assessed by the Bank as positive.
• Client has a current account opened with the Bank.

From RSD 100,000 to RSD 3,000,000
The loan is repaid in 12 to 71 monthly installments by debiting the borrower's current account. Loan repayment starts one month after signing the Loan Agreement.

• Fixed for the period of the first 3 months, i.e. for the period until the date of the first adjustment of the interest rate after the expiration of the 3-month period (30 June or 31 December) and amounts to 9.39%
• Variable after the 3rd month, i.e. after the date of the first adjustment of the interest rate and is calculated as the sum of the six-month BELIBOR valid on 31 May and 30 November and a fixed margin in the amount of 5.00%.

The interest rate is changed twice a year, on 30 June and 31 December of each year.

During the grace period, the Bank calculates intercalary interest on the amount of the approved loan using the regular, contracted interest rate. The calculated intercalary interest is capitalized, that is, added to the principal balance of the loan at the time when the loan repayment starts.

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

• One-time loan processing fee in the amount of 0 - 2.50% of the approved loan amount.
• Fee is not charged for refinancing exclusively of the loan obligations towards another bank and for the simultaneous refinancing of the loan obligations towards the Bank and another bank.
• A fee in the amount of 2.50% is charged for refinancing with insurance exclusively of the loan obligations towards the Bank.
• 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

• Two blank solo promissory notes
• Attachment on salary (only for employed persons).
• According to the Bank's assessment - deposit or creditworthy joint guarantor

Early repayment is free of charge and possible at any time.

• Certificate of employment and amount of income (only for employed persons).
• Decision on attachment on salary in two copies (only for employed persons).
• Certificate of the amount of loan obligations issued by the Bank whose loan is to be liquidated (if the loan granted by another bank is being refinanced).