Refinancing loan


Purpose: Refinancing debt in other banks to obtain better lending terms and conditions such as lower interest rate, longer loan repayment period, better repayment terms, permanent working capital necessary for stable business, increased trade and profit. Part of the loan may be also intended for working capital.


Loan amount:

By the creditworthiness of the loan applicant and amount of the loan in other banks

Loan currency:

Denars (MKD), MKD loan with FX clause and foreign currency loans

Repayment period:

up to 10 years with possible grace period included

Repayment terms:

equal monthly, quarterly or semiannual annuities, and in extraordinary cases annual annuities



In line with the Bank Collateral Catalogue and Policy*

Minimum eligible collateral:

Mortgage on real estate and/or pledge on movable properties and notarized draft or solemnized credit exposure agreement with enforcement clauses 

interest rates

Interest rate:

In accordance with the Decision on Interest Rate Policy of the Bank


Commission free

Commission for prepayment of the loan:

For prepayment up to 20% of the principal balance on the date of the payment, no commission is calculated for prepayment of the loan, for repayment exceeding 20% of the principal balance, 3% commission is calculated on the prepaid amount

Other fees and commissions:

MKD 2,000 handling fee for approved application

Loan currency:

If foreign currency loans or MKD loans with FX clause are in question, realization and collect of the loan is made in compliance with the Decision on Interest Rate Policy of the Bank