Non-purpose consumer loan – MKD with floating interest rate

NON-PURPOSE CONSUMER LOAN – MKD WITH FLOATING INTEREST RATE

Funds are directly transferred to the borrower’s transaction account (evidence for the loan purpose is not required)



characteristics

Purpose:

non-purpose loan - funds are directly transferred to the borrower’s transaction account (evidence for the loan purpose is not required)

Maximum amount:

depending on the loan applicant’s creditworthiness – up to MKD 900,000

WITHOUT GUARANTORS – up to MKD 300,000.00 for employees in PEs, budgetary and financial institutions and private companies eligible for the Bank 

WITH 1 GUARANTOR – from MKD 300,001.00-600,000.00 - for employees in PEs, budgetary and financial institutions and private companies eligible for the Bank 

WITH 1 GUARANTOR – up to MKD 300,000.00 for employees in other private companies

WITH 2 GUARANTORS – from MKD 600,001.00-900,000.00 for employees in PEs, budgetary and financial institutions and private companies eligible for the Bank

WITH 2 GUARANTORS – from MKD 300,001.00-450,000.00 for employees in other private companies

REPAYMENT PERIOD – up to 72 months

Application costs – MKD 500.00

Commission for approved loan - 2% 

conditions

  • ½ creditworthiness (annuity/salary) for loan applicants employed in PEs, budgetary and financial institutions and private companies eligible for the Bank 
  • 1/3 creditworthiness (annuity/salary) for loan applicants employed in other private companies
  • ½ creditworthiness (annuity/salary) for guarantors
  • age limit – maximum 64 years of age on the loan maturity date

interest rates

reference interest rate for calculation of the default rate + 8.00 p.p. for borrowers without additional products and with one additional product of the Bank

reference interest rate for calculation of the default rate + 7.85 p.p. for borrowers with + 2 additional products of the Bank

reference interest rate for calculation of the default rate + 7.75 p.p. for borrowers with + 3 additional products of the Bank


* Floating interest rate composed of reference interest rate + margin


other info

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

** One guarantor may be replaced by solemnized loan agreement with enforcement clauses signed by the loan applicant if possessing property in their own name, or by another co-debtor who possesses property in their own name.