Deposit pledge loan

DEPOSIT PLEDGE LOAN

non-purpose loan, funds are transferred to the borrower’s transaction account



characteristics

MAXIMUM AMOUNT:

without limit

REPAYMENT PERIOD:

- up to 360 months

Charges for loan application – MKD 300.00

Commission for approved loan- 0.5% of the loan amount, max MKD 15,000.00

Prepayment fee - 0%


conditions

COLLATERAL INSTRUMENTS:

  • cash deposit in the same currency as the loan currency with equal or longer maturity than that of the loan
  • Possessory lien agreement
  • draft and draft endorsement (only for loans secured by 103% deposit)

interest rates

  • 1.00% exceeding the interest rate on the deposit paid by the Bank - 130% deposit against the loan amount
  • 1.50% exceeding the interest rate on the deposit paid by the Bank - 115% deposit against the loan amount
  • 2.00% exceeding the interest rate on the deposit paid by the Bank - 110% deposit against the loan amount
  • 3.00% exceeding the interest rate on the deposit paid by the Bank - 103% deposit against the loan amount

other info

REPAYMENT TERMS:
1/ equal monthly annuities
2/ monthly payment of the interest, and repayment of the total debt at the end of the period