The package includes a loan, credit card and overdraft limit on a transaction account. The conditions below are valid if all above package products are used

Purpose:

Intended for the employees in AD ELEM-REK Bitola

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

2/ purpose loan – funds are used for settlement of liabilities to other banks (40% of the amount may be used non-purposely)

3/ purpose loan for refinancing existing liabilities in Stopanska banka a.d. Bitola (40% of the amount may be used non-purposely)

MAXIMUM AMOUNT:

from MKD 600,000.00 to MKD 900,000.00

• Credit card – up to 2 (two) monthly salaries – gratis product without calculation of creditworthiness
• Allowed overdraft on a transaction account – up to 3 (three) monthly salaries – gratis product without calculation of creditworthiness
  

WITHOUT GUARANTORS

REPAYMENT PERIOD:

- up to 95 months

Application costs – MKD 500.00

Commission for approved loan

1/ 1.5% fee for non-purpose loans

2/ commission free for purpose refinancing loans (if up to 60% of the amount is used purposely)

3/ if the loan is used for refinancing of liabilities in the Bank, commission on the refinance amount is not paid, while 1.5% commission on the remaining amount

Prepayment fee

• 1% if the loan is prepaid in the first three years
• 0% if the loan is prepaid after the third year
  

• ½ creditworthiness (annuity/salary)
• age limit – maximum 62 years of age on the loan maturity date If the borrower is over the age limit, there is a possibility to include an employed co-borrower within age limit up to 70
  

COLLATERAL INSTRUMENTS:

Draft, draft endorsement, mandatory solemnization of the loan agreement with enforcement clause included. If the loan applicant does not have property in his/her name it is required to include a co-debtor who possesses real estate).

6.00% fixed interest rate annually in the first year

8.50% fixed interest rate annually in the second and third year

8.50% adjustable interest rate annually after expiry of the third year

11.25% on the credit card

11.25% on overdraft limit