Loans for pensioners

Universal Capital Bank has prepared a special offer to pensioners, according to their needs

Loans for pensioners up to 15.000 EUR, no guarantor, and up to the age of 75!

 

Option

Loans to pensioners

Interest rate 

7,95%

Maturuty

up to 84 months

Amount

up to 15.000 EUR

Mode of repayment

monthly

Necessary documents

Filled out loan request form
Certificate of pension amount from RF PIO
Photocopy of applicants ID card

Collateral

bill, administrative order, life insurance policies

Life insurance policy

Single upfront payment of the total policy cost

Montly payments

Loan processing fee

0,50% of the approved loan amount

1,50% of the approved refinancing loan amount

Remark

Minimal loan amount for approval is 500.00 Euros and maximum is 15.000.00 EUR.

Special Requirements:

  • Amount of annuity: No more than 50 % of amount of pension.
  • Alterations of these rules are possible only if additional cosigners/co-borrowers are included.
  • 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.

The Bank, with special agreement on co-operation, can contract an insurance company partner for this type of loan

Example:

Total loan amount

15.000,00 €

Number of monthly installments

84

Monthly installment

233,42€

I Administrative fee

 

       1. Loan processing fee 0,5%

75 €

       2. Cost of RKB report

3 €

       3. Cost of one exchange bill

2 €

Nominal interest rate

7,95%

Effective interest rate

8,42%

Total repayment

19.687,28€