Consumer loans covered by deposit
Deposit-secured consumer loans are intended to private individuals offering deposit as a loan security. Credit line is intended solely to private individuals who are able to provide proof (document) of their income.
With a loan secured by a deposit you may realize your own ideas and projects. At the same time, your money is deposited at the bank and is safe, while bringing you an attractive interest.
| Description |
Terms |
|
Loan amount |
from 500 KM to 100,000 KM |
|
Repayment term |
Up to 60 months |
|
Interest rate |
Interest rate on deposit + min. 3% |
|
Effective interest rate* |
|
|
Processing fee |
1% |
|
Collateral |
100% deposit |
*Interest you may earn depends on the duration of term deposit period and a manner of intrest rate payment
Example: interest rate on deposit 5% + 3%= 8%;
The next higher loan interest rate will be applied, which is 8%.
Example: Consumer loan secured by deposit in the amount of 50,000 KM –term of 60 months
|
Amount of interest |
Nominal interest rate |
Effective interest rate |
|
|
DEPOSIT |
12,513.70 |
5.00% |
4.57% |
|
LOAN |
11,000.81 |
8.00% |
8.89% |
Values noted in the table are not final and serve to informative purposes only.
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