Loans for foreign pensioners up to 10.000 EUR, no guarantor, and up to the age of 78 at the moment of last loan instalment.
| Option | Loans to foreign pensioners |
|---|---|
| Interest rate | 8.50 % |
| Maturity | up to 60 months |
| Amount | up to 10.000 EUR |
| Life insurance policy | monthly or single upfront payment |
| Necessary documents | Filled out loan request form Photocopy of applicants ID card |
| Collateral | bill, administrative order, life insurance policies |
| Loan processing fee | 65 EUR |
| Mode of repayment | Monthly payments |
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 | 10.000,00 € |
|---|---|
| Number of monthly instalments | 60 |
| Monthly instalment | 218.15 € |
| 1. Loan processing fee 0% | 65 € |
| 2. Cost of RKB report | 3 € |
| 3. Cost of two exchange bills | 4 € |
| 4. Life insurance policy premium | 14.53 € |
| Nominal interest rate | 8.50 % |
| Effective interest rate | 12.16 % |
| Total interest | 2,217.22 € |
| Total costs* | 3,175.55 € |
| Total repayment | 13,175.55 € |
