Tip – Top consumption loan
The Tip – Top consumption loan is intended for all creditworthy individuals with full-time employment in public administration or companies acceptable for the Bank, receiving their salary on transaction account with the Bank in the amount exceeding 30,000.00 denars and have at least two retail banking products (debit card, credit card, saving deposit, loan).
| Loan amount |
Up to 900,000.00 denars |
| Loan term |
Up to 7 years |
| Nominal interest rate |
10.5% annual, variable with denar clause |
| Annual rate of total expenses (RTE) |
11.77% p.a. (RTE extent depends on the loan repayment period, loan amount, the amount of the loan costs that are included in the calculation of RTE and the extent of the nominal interest rate) |
| Early repayment |
Free of commission for early partial or full loan repayment |
| Criteria |
- Monthly income exceeding 15,000.00 denars
- For borrowers with monthly income lower than 40.000 denars the monthly instalment should be 1/3 of the applicant’s monthly net-income; for borrowers with monthly income higher than 40.000 denars the monthly instalment should be 1/2 of the applicant’s monthly net-income
- The age of the Borrower should not exceed 70 years with the last monthly instalment
- The age of the guarantors should not exceed 64 years for men or 62 years for women with the last monthly installment.
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| Disbursement |
- Maximum period for loan funds disbursement is 60 days from the date of loan approval
- Loan funds are transferred on the borrower’s transaction account
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| Loan costs |
- 2% on the loan amount, minimum 500 denars
- 200 denars for loan application and processing
- Charges for the grace period interest (the grace period interest rate is calculated from the date of disbursement of funds till the date of commencement of repayment at interest rate equal to the interest rate of the loan)
- Bill of exchange charges
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| Security |
- Administrative ban on monthly salary or standing order for companies which do not approve administrative ban
- Draft and draft statement
- For loan up to 450,000.00 denars without a guarantor
- For loan of 450,000.00 – 900,000.00 denars with two guarantors
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| Repayment |
- monthly instalments
- maturity of annuity - on the 16th day of each month
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| Documents required |
- Loan application
- Photocopy of a valid identification card
- For employees in private companies acceptable for the Bank, form PP53 (Declaration for receipt from PRA) for the previous three months and solvency of the giro account with the bank they are clients to (for clients of the Bank solvency is not required)
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Komercijalna Banka shall keep its discretion right to reject the loan application
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Contact persons
Natasa Baljuk Ristovska, Head of Unit for Loan Approval and DisbursementPhone: (+389 2) 3107-481e-mail: Julijana Nikcevska, Senior officerPhone: (+389 2) 3107-408e-mail: