Consumer Loans
A consumer loan is intended to clients and non-clients of the Bank able to provide proof of their regular monthly income, needing funds to a certain purpose (purchase of consumer goods, second-hand vehicles, etc.).
For regular monthy income receivers through ProCredit Bank, there is a possibilty of loans up to 5000 KM without guarantors on 36 months period!
|
Description |
Terms |
|
Loan amount |
Min. 500.00KM – Max. -depending on payment capacity |
|
Duration |
Up to 60 months |
|
Minimum loan instalment |
50 KM |
|
Interest rate |
11%-13% |
|
Effective interest rate* |
14.14% |
|
Processing fee |
2% (min. 20 KM) -2,5% (min.25 KM) |
|
Collateral |
Depending on amount and time-period: |
*EIR calculated on a loan in the amount of 20,000 KM with a maximum repayment term, interest rate of 12%, and a maximum processing
Example: Consumer loan with 12% p.a
|
1,000 KM |
5,000 KM |
10,000 KM |
20,000 KM |
|
|
12 months |
88.94 |
444.72 |
889.45 |
1,778.90 |
|
24 months |
/ |
235.81 |
471.62 |
943.24 |
|
36 months |
/ |
166.51 |
333.02 |
666.04 |
|
60 months |
/ |
111.68 |
223.35 |
446.70 |
The values noted in the table above are not final, and are intended for informative purposes only.
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