The package includes 6 products: loan, credit card, overdraft limit on a transaction account, special limit tied to MasterCard Debit, SMS Notification and E-Banking

The conditions below are valid if all above package products are used

Purpose:

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

2/ purpose loan – funds are used for closing current debts (30% of the amount may be used non-purposely)

MAXIMUM AMOUNT:

up to MKD 1,200,000.00 

• Credit card – Visa/MasterCard Standard depending on the loan applicant’s creditworthiness, limit up to 3 (three) monthly salaries, max MKD 500,000.00
• Overdraft limit per a transaction account + special limit on MasterCard Debit – up to 5 monthly salaries of which: limit to 3 monthly salaries to be used by the card user at POS terminals and ATMs, without fee and special limit to 2 monthly salaries to be used by the card user solely for withdrawal

REPAYMENT PERIOD

up to 95 months

Application costs – MKD 500.00

Commission for approved loan:

• 1% one-off to the approved amount

MasterCard Standard:

• Minimum monthly payment amount - 1% of the total value of the transactions made + 100% of all fees and commissions, regular and default interests - MasterCard Standard, or 5% of the total value of the transactions made + interest calculated for Visa card

Allowed overdraft on a transaction account – MasterCard Debit – Fee for withdrawal in installments at a counter desk

• 4.5% of the transaction amount for withdrawal in 3 installments
• 4.9% of the transaction amount for withdrawal in 6 and 9 installments
• 7.5% of the transaction amount for withdrawal in 12 installments
• 2% of the transaction amount for withdrawal in more than 12 installments

• creditworthiness 55% annuity/salary for all borrowers classified in “A” risk category in the past 12 months in line with the CRIS extract of NBRM , for others – up to ½ annuity/salary
• age limit – maximum 68 years of age on the loan maturity date
• monthly salary of at least MKD 18,000.00

COLLATERAL INSTRUMENTS *:

* If the loan applicant is employed for a definite period, 1 solvent guarantor is additionally required, employed in some of the institutions for which the product is intended 

** In cases where solemnized Loan Agreement/credit card/overdraft limit by Notary Public serves as collateral, a draft shall be cancelled as an collateral instrument.

LOAN

• 5.80% fixed interest rate annually in the first two years
• floating interest rate annually after the second year – reference interest rate for calculation of the default rate + 4.75% p.p. 

CREDIT CARDS:

Visa Classic/Gold

• 11.25% floating interest rate 

• 5.99% fixed interest rate annually in the first year
• 9.99% adjustable interest rate annually after the first year
  

MasterCard Debit

• 11.25% adjustable interest rate paid on the part of the limit used at POS terminals and ATMs, and to the limit applied to more than 12 installments

It is mandatory to receive the salary on the transaction account in the Bank, or to be transferred through the Bank within 45 days of the date of the Loan Agreement.