A personal loan is for those who can provide proof of a regular monthly income. The loan can be used for a variety of purposes.
|Loan amount||Minimum KM 500,00 – Maximum depends on repayment capacity|
|Repayment term||Up to 60 months|
|Minimum loan instalment||KM 50|
|Effective interest rate*||11.35%|
|Processing fee||1.5% (min. KM 20) – 2% (min. KM 20)|
|Collateral||Depends on the amount and time period: pledge, deposit, mortgage, or a combination of the above types of collateral|
*EIR calculated on a loan of KM 20,000 with a maximum repayment term, interest rate of 10% and a processing fee 1.5%.
Example: Repayments of a personal loan at 10% p.a
|KM 1.000||KM 5.000||KM 10.000||KM 20.000|
The figures quoted in the table above are indicative only, actual figures are subject to status.