Loan upon pledge of deposit
All adult creditworthy individuals that will pledge denar deposit at the Bank may apply for this loan.
| Loan amount |
95% of the amount of the denar deposit, but not less than MKD 10,000
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| Loan repayment term |
from 12 up to 120 months for loans up to EUR 10,000 in denar counter value
or from 12 up to 180 months for loans over EUR 10,000 in denar counter value |
| Nominal interest rate |
2% p.a., fixed |
| Annual rate of total expenses (RTE) |
2,12% 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 |
Early partial or full loan repayment shall be free of charge |
| Criteria |
The applicant does not have to be employed and there are no limitations regarding the maximum age of the applicant and the monthly income |
| 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 |
- 0.5% of the loan amount up to MKD 3,000,000, if the repayment term is longer than 12 months (minimum MKD 500, maximum MKD 150,000)
- 0.3% of the loan amount up to MKD 3,000,000, if the repayment term is up to 12 months (minimum MKD 500, maximum MKD 150,000)
- 0.25% of the loan amount over MKD 3,000,000, (maximum MKD 150,000)
- 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)
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| Collateral |
The borrower shall have the right on release of the deposit pledged, on quarterly basis, and proportionally to the extent of the repaid part of the loan
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| Repayment |
- monthly instalments
- instalment becoming due - on the 16th day of each month
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| Documents required |
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Komercijalna Banka shall keep its discretion right to reject the loan application
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