The package includes 5 products: loan, credit card, overdraft limit on a transaction account, 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 settlement of  current liabilities (30% of the amount may be used non-purposely)

MAXIMUM AMOUNT:

up to MKD 1,000,000.00

• Credit card – 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 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 limit to 2 monthly salaries to be used by the card user solely for withdrawal at the counter desks of the Bank

WITHOUT GUARANTORS

(Solemnization of the Loan Agreement with enforcement clauses included for amounts exceeding MKD 600,000.00)

REPAYMENT PERIOD

up to 95 months

Application costs – MKD 500.00

Commission for approved loan:

• commission free for purpose refinancing loans (if over 70% of the amount is used purposely)
• 2% fee for purpose loans

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

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.

• ½ creditworthiness (annuity/salary);
• age limit – maximum 64 years of age on the loan maturity date;
• monthly salary of at least MKD 13,000.00.

 COLLATERAL INSTRUMENTS:

Draft, draft endorsement, attachment of salary to the loan applicant. Solemnization of the Loan Agreement with enforcement clauses included for amounts exceeding MKD 600,000.00. (If the employer’s policy is to not verify attachment of salary, mandatory solemnization of the agreement with enforcement clauses is necessary. For amounts exceeding MKD 300,000.00 if the loan applicant does not have property in his/her name it is required to include a co-debtor who possesses real estate).

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.

LOAN

• 5,99% fixed interest rate annually in the first year;
• 8,59% adjustable interest rate annually after the first year.

Mastercard standard:

• 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