MAXIMUM AMOUNT:

depending on the borrower’s creditworthiness and collateral value

REPAYMENT PERIOD:

1/ up to 95 months if 35%  or 75% risk weighted criteria are not met 

2/ up to 240 months if 35% or 75% risk weighted criteria are met 

Charges for loan application – MKD 700.00

Commission for approved loan 1.5% of the loan amount

Prepayment commission 

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

• ½ creditworthiness (annuity/salary)
• possibility of inclusion of not more than one loan applicant (close family member)
• age limit – maximum 70 years of age on the date of the loan maturity
  

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 and construction land), in minimum proportion 2/1 against the loan, policy assigned in favor of the Bank

• 6.50% fixed interest rate in the first year (annually) in case of regular repayment, i.e. not later than 30 days of the maturity date
• 6.95% fixed interest rate in the second and third year (annually) in case of regular repayment, i.e. not later than 30 days of the maturity date
• 7.50% adjustable interest rate after the third year, it the borrowers regularly service their loan obligations, i.e. not later than 30 days of the maturity date
• 7.632% adjustable interest rate after the third year as well as in the first three years, if the loan is not regularly repaid, i.e. the borrower is in delay of one or more annuities 
  

* If the employer’ policy is not to verify attachment of salary, mandatory solemnization of the contract is required to include enforcement clauses.