Mortgage nonpurpose consumer loan

MAXIMUM AMOUNT

depending on the borrower’s creditworthiness and collateral value

REPAYMENT PERIOD

- up to 240 months

Application costs – MKD -700.00

Commission for approved loan 2% of the loan amount

Prepayment fee

• commission free for prepayment of up to 20% of the remaining portion of the loan principal in the current month;
• 3% of prepaid loan principal for amounts over 20% of the remaining portion of the loan principal
  

1. If the mortgage value is 2: 1 of the loan amount 1/3 creditworthiness requirement of the annuity/salary is to be fulfilled

2. If the mortgage value is 3: 1 of the loan amount 1/2 creditworthiness requirement of the annuity/salary is to be fulfilled

• possibility of including not more than one loan applicant (close family member)
• age limit – maximum 70 years of age on the loan maturity date
  

COLLATERAL INSTRUMENTS:

draft and draft endorsement, attachment of salary */standing order for pensioners, mortgage on real estate (housing or business premises already constructed or in a construction process, constructed private houses or in the phase of construction and construction land), policy assigned in favor of the Bank

**MKD loans with FX clause are approved only in case if 35% or 75% risk weighted criteria are fulfilled.

* If the employer’s policy is to not verify attachment of salary, mandatory solemnization of the agreement with enforcement clauses is necessary.