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contact center:
(02) 3 296 800

Loan for purchase of car secured by pledge of vehicle

This loan is intended for all creditworthy individuals who are full-time employees or pensioners who receive their pension through a transaction account with the Bank.

Loan purpose
Purchasing vehicles from vehicle selling companies
Loan amount
Depends on the creditworthiness of the Borrower and the invoice amount
Down payment
minimum 20% of the vehicle’s value
Loan term
up to 7 years
Nominal interest rate
For denar loans
  • 9.24% for loans with down payment of more than 30% annual, variable (reference interest rate of 1.95% increased for 7.29%)*
  • 9.74% for loans with down payment of less than 30% annual, variable (reference interest rate of 1.95% increased for 7.79%)*
For denar loans with EUR clause
  • 7.55% for Bank clients annual, variable with EUR clause
    (1-month EURIBOR + 7.55%, but not less than 7.55%)**
  • 7.6 for individuals that are not clients of the Bank annual, variable with EUR clause (1-month EURIBOR + 7.6%, but not less than 7.6%)**
* The reference interest rate shall be the rate announced and available on the web site of NBRM (www.nbrm.mk) each 25.06. and each 25.12. under the name “interest rate for denar deposits without currency clause” and shall apply for the current six-months period (until the end of the respective six-months period). Current applicable reference interest rate is 1.95%. The Bank shall regularly announce the applicable reference interest rate for interest calculation at its web site. LINK 
** The rate of 1-month EURIBOR shall be announced at each 31.12. and 30.06. at the web site of the Bank and shall apply for the current six-months period (until the end of the respective six-months period).LINK If the rate is of negative value, its value shall be taken to be 0.00 when calculating the nominal interest rate. 
Annual rate of total expenses (RTE)
  • from 10.01% to 10.65% annual for denar loan
  • from 8.34% to 8.39% annual for denar loan with EUR clause
    (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). Notary costs, the costs for registration of the lien in the appropriate public register and the cost of insurance of the pledged immovable property against fundamental risks are not included in the calculation of RTE and are on the account of the borrower.
Early repayment
Free of commission for early partial or full loan repayment
  • Monthly instalment should be 1/3 of the borrower’s monthly net-income
  • The age of the Borrower should not exceed 70 years with the last monthly instalment
  • Another applicant may join the main loan applicant, who need not to be family related but must be creditworthy.
  • Maximum period for loan funds disbursement is 60 days from the date of loan approval
  • Loan funds are transferred on the giro account of the vehicle selling company
Loan costs
  • 0.75% on the loan amount,for denar loan ( minimum 500 MKD) 1% on the loan amount, for denar loan with EUR clause for Bank clients ( minimum 500 MKD) 1.5% on the loan amount, for denar loan with EUR clause for individuals that are not Bank clients (minimum 500 MKD)
  • 300 MKD 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)  
  • 2,000.00 denars for appraisal of value of the estate
  • bill of exchange charges
  • Notary compensation for pledge agreement solemnity, in accordance with the Notary tariff
  • Charges for registration of the lien on the vehicle in favor of the Bank in appropriate public record book
  • Charges for all-risk insurance of the pladged vehicle
  • monthly instalments
  • maturity of annuity - on the 16th day of each month
  • administrative ban on salary
  • draft and draft statement
  • agreement for the pledge of the vehicle in favour of the Bank
  • all-risk insurance policy for the pladged vehicle assigned in favor of the Bank renewed for the entire duration of the loan
Documents required
  • Pro-forma invoice from the seller
  • Photocopy of a valid identification card
  • birth/marriage certificate evidencing relation with the co-applicants
  • 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)
  • for pensioners – the latest pension cheque

Komercijalna Banka shall keep its discretion right to reject the loan application


*More information at:

Contact center:

+389 2 3296 800


or at  naselenie.krediti@kb.com.mk 

Contact persons

Natasa Baljuk Ristovska, Head of Loan Approval and Disbursement Unit
e-mail: natasa.baljuk.ristovska@kb.com.mk

Julijana Nikcevska, Loan Approval and Disbursement Control Officer
e-mail: julijana.nikcevska@kb.com.mk