Car Loans

TYPE OF LOAN

DINAR LOANS FOR PURCHASE OF MOTOR VEHICLES

BANK’S CLIENTS

OTHERS

LOAN AMOUNT

Up to RSD 3.000.000,00

CURRENCY OF THE LOAN AGREEMENT

Dinar loan

REPAYMENT PERIOD

From 13 to 84 months

NOMINAL INTEREST RATE
PER ANNUM

6,95% - fixed

or

5,50% + 6M BELIBOR - variable

7,95% - fixed

or

6,50% + 6M BELIBOR - variable

ADJUSTMENT OF INTEREST RATE

In case of variable interest rate, adjustment of interest rate is carried out twice a year, every six months, as of the date the loan repayment commences, by applying the value of 6M BELIBOR, which is defined in the market two working days prior to the date of adjustment

BANK’S FEE

No fee

COLLATERAL

- For loan amounts up to EUR 10.000,00:

Blank bill of exchange of the loan beneficiary

 

- For loan amounts exceeding EUR 10.001,00 and others:

Two blank bills of exchange signed by the loan beneficiary, Casco/comprehensive car insurance assigned in favour of the Bank and chattel mortgage on a vehicle that is subject to lending for the entire period of loan durationtion

DOWNPAYMENT

-Without downpayment for loans up to EUR 10.000,00

-Min 30% of the amount indicated in the pro forma invoice (with VAT), an/or of the amount from purchase contratc for loans from EUR 10.000,00

SPECIAL CONDITION

Financing of purchase of used motor vehicles can be performed under the condition that such vehicles are not older than 60 months as of the date of loan approval

In all cases where the collateral for loan is a pledge on vehicle, at the time of loan approval there will be insurance costs, costs of obtaining certificates, permits, statements and decisions of the competent bodies, costs of establishing a lien, and alike.

 

EXAMPLE:

TYPE OF LOAN

DINAR LOANS FOR PURCHASE OF MOTOR VEHICLES – FIXED INTEREST RATE

BANK’S CLIENTS

OTHERS

LOAN AMOUNT

RSD 500.000,00

REPAYMENT PERIOD

84 months

CURRENCY OF THE LOAN AGREEMENT

Dinar loan

NOMINAL INTEREST RATE 
PER ANNUM, FIXED

6,95%

7,95%

BANK’S FEE

No fee

MONTHLY ANNUITY

RSD 7.534,12

RSD 7.780,66

COLLATERAL

Bill of exchange of the loan user

- Blank bill of exchange of the loan beneficiary

- Manual pledge

- Casco insurance

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

RSD 246,00

COSTS OF BILLS OF EXCHANGE ISSUANCE

RSD 50,00

RSD 50,00

COSTS OF MANUAL PLEDGE

 

RSD 4.000,00

COSTS OF ANNUAL PREMIUM CASCO INSURANCE

 

RSD 30.000,00

TOTAL LOAN AMOUNT WITH INTEREST

RSD 632.866,08

RSD 653.575,44

EFFEECTIVE INTEREST RATE

7,19%

20,03%

Calculation is performed on 26.04.2021.

 

 

TYPE OF LOAN

DINAR LOANS FOR PURCHASE OF MOTOR VEHICLES – VARIABLE INTEREST RATE

BANK’S CLIENTS

OTHERS

LOAN AMOUNT

RSD 500.000,00

REPAYMENT PERIOD

84 months

CURRENCY OF THE LOAN AGREEMENT

Dinar loan

NOMINAL INTEREST RATE 
PER ANNUM, VARIABLE

6,57% variable

(6M BELIBOR + 5,50%)

7,57% variable

(6M BELIBOR + 6,50%)

BANK’S FEE

No fee

MONTHLY ANNUITY

RSD 7.441,67

RSD 7.686,42

COLLATERAL

Bill of exchange of the loan user

- Blank bill of exchange of the loan beneficiary

- Manual pledge

- Casco insurance

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

RSD 246,00

COSTS OF BILLS OF EXCHANGE ISSUANCE

RSD 50,00

RSD 50,00

COSTS OF MANUAL PLEDGE

 

RSD 4.000,00

COSTS OF ANNUAL PREMIUM CASCO INSURANCE

 

RSD 30.000,00

TOTAL LOAN AMOUNT WITH INTEREST

RSD 625.100,28

RSD 645.659,28

EFFEECTIVE INTEREST RATE

6,79%

19,63%

Calculation is performed on 26.04.2021.
Value of 6M BELIBOR is 1,07%

 

Loans for Motor Vehicle Purchase with FX Clause

 

TYPE OF LOAN

LOANS FOR PURCHASE OF MOTOR VEHICLES WITH CURRENCY CLAUSE

BANK’S CLIENTS

OTHERS

LOAN AMOUNT

Up to 25.500,00

REPAYMENT PERIOD

From 13 to 84 months

NOMINAL INTEREST RATE
PER ANNUM

5,50% - fixed

or

5,00% + 6M EURIBOR - variable

6,50% - fixed

or

6,00% + 6M EURIBOR - variable

ADJUSTMENT OF INTEREST RATE

In case of variable interest rate, adjustment of interest rate is carried out twice a year, every six months, as of the date the loan repayment commences, by applying the value of 6M EURIBOR, which is defined in the market two working days prior to the date of adjustment

BANK’S FEE

No fee

COLLATERAL

- For loan amounts up to EUR 10.000,00:

Blank bill of exchange of the loan beneficiary

 

- For loan amounts exceeding EUR 10.001,00 and others:

Blank bill of exchange signed by the loan beneficiary, Casco/comprehensive car insurance assigned in favour of Bank and chattel mortgage on a vehicle that is being financed by means of lending for the entire period of loan duration

In all cases where the collateral for loan is a pledge on vehicle, at the time of loan approval there will be insurance costs, costs of obtaining certificates, permits, statements and decisions of the competent bodies, costs of establishing a lien, and alike.


EXAMPLE:

TYPE OF LOAN

LOANS FOR PURCHASE OF MOTOR VEHICLES WITH CURRENCY CLAUSE – FIXED INTEREST RATE

BANK’S CLIENTS

OTHERS

VALUE OF PROFORMA INVOICE

EUR 10.000,00

DOWN PAYMENT MIN 30%

EUR 3.000,00

LOAN AMOUNT

EUR 7.000,00

REPAYMENT PERIOD

84 months

CURRENCY OF THE LOAN AGREEMENT

Dinar loan indexed in EUR

CRITERIA FOR INDEXATION

EUR – middle exchange rate of NBS

NOMINAL INTEREST RATE 
PER ANNUM, FIXED

5,50%

6,50%

BANK’S FEE

No fee

MONTHLY ANNUITY

EUR 100,59

EUR 103,95

COLLATERAL

Blank bill of exchange of the loan beneficiary

- Blank bill of exchange of the loan beneficiary

- Manual pledge

- Casco insurance

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

RSD 246,00

COSTS OF BILLS OF EXCHANGE ISSUANCE

RSD 50,00

RSD 50,00

COSTS OF MANUAL PLEDGE

 

RSD 4.000,00

COSTS OF ANNUAL PREMIUM CASCO INSURANCE

 

RSD 30.000,00

TOTAL LOAN AMOUNT WITH INTEREST

EUR 8.449,56

EUR 8,731,80

EFFECTIVE INTEREST RATE

5,65%

13,82%

 

Calculation is made on 26.04.2021.

 

TYPE OF LOAN

LOANS FOR PURCHASE OF MOTOR VEHICLES WITH CURRENCY CLAUSE – VARIABLE INTEREST RATE

BANK’S CLIENTS

OTHERS

VALUE OF PROFORMA INVOICE

EUR 10.000,00

DOWN PAYMENT MIN 30%

EUR 3.000,00

LOAN AMOUNT

EUR 7.000,00

REPAYMENT PERIOD

84 months

CURRENCY OF THE LOAN AGREEMENT

Dinar loan indexed in EUR

CRITERIA FOR INDEXATION

EUR – middle exchange rate of NBS

NOMINAL INTEREST RATE 
PER ANNUM, VARIABLE

4,49% variable

(6M EURIBOR + 5,00%)

5,49% variable

(6M EURIBOR + 6,00%)

BANK’S FEE

No fee

MONTHLY ANNUITY

EUR 97,25

EUR 100,54

COLLATERAL

Blank bill of exchange of the loan beneficiary

- Blank bill of exchange of the loan beneficiary

- Manual pledge

- Casco insurance

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

RSD 246,00

COSTS OF BILLS OF EXCHANGE ISSUANCE

RSD 50,00

RSD 50,00

COSTS OF MANUAL PLEDGE

 

RSD 4.000,00

COSTS OF ANNUAL PREMIUM CASCO INSURANCE

 

RSD 30.000,00

TOTAL LOAN AMOUNT WITH INTEREST

EUR 8.169,00

EUR 8.445,36

EFFECTIVE INTEREST RATE

4,59%

12,77%

 

Calculation is performed on 26.04.2021.
Value of 6M EURIBOR is -0,515%