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 78 at the moment of last loan instalment.
| Option | Loans to pensioners |
|---|---|
| Interest rate | 6.49 % |
| Maturity | up to 84 months |
| Amount | up to 15.000 EUR |
| Life insurance policy | monthly or single upfront payment |
| 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 |
| Loan processing fee | 0.50% of the approved loan amount |
| Mode of repayment | Monthly payments |
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 co-signers/co-borrowers are included.
- Bank reserves the right to approve a loan to the regular clients without co-signers, and to request one or two co-signers / 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 instalments | 84 |
| Monthly instalment | 221.32€ |
| Administrative fee | |
| 1. Loan processing fee 0.50% | 75 € |
| 2. Cost of RKB report | 3 € |
| 3. Cost of two exchange bills | 4 € |
| 4. Life insurance policy premium | 17.45 € |
| Nominal interest rate | 6.49 % |
| Effective interest rate | 9.24 % |
| Total repayment | 20,156.13 € |
