Loans for buying a car

Option

Loans for car purchase

Amount

up to 13,000 EUR

Interest rate

9.90%

Maturity

up to 60 months

Mode of repayment

monthly annuity payments

Collateral

exchange bills / administrative order / insurance policies / guarantors / co-debtors

Loan processing fee

1.30%

Remark

Special Requirements:

  • For amounts up to 8,000 EUR – one guarantor is required as well as KASKO insurance
  • For amounts from 8,000 EUR to 13,000 EUR – KASKO insurance and two guarantors or co-debtors

Bank reserves the right to approve a loan to the regular clients without cosigners, and to request one or two cosigners / co-borrowers, insurance policy or other means of additional collateral from the clients with whom the Bank had no prior business cooperation, all in accordance with estimated creditworthiness of the client and its employer.

Example:

Total loan amount

10.000,00 €

Number of monthly installments

60

Monthly installment

209.89€

I Administrative fee

 

       1. Loan processing fee 1%(Premium)

130 €

       2. Cost of RKB report

3 €

       3. Cost of one exchange bill

2 €

Nominal interest rate (Premium)

9.90%

Effective interest rate

10.52%

Total repayment

12,728.4 €