Bank grants microloans to all customers making a certain income, who may or may not be registered as permanently employed. These are customers with regular income on various grounds; they may lease residential-business premises, own a stand at the green market, engage in crafts, tutor children, engage in farming; all these customers can apply for microloans.
OPTION | Micro Loan |
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Nominal interest rate | 10.00% – 13,00% |
Maturity | up to 60 months |
Loan amount | up to EUR 7,000 |
Repayment | in equal monthly instalments |
One-time fee | 0.50% – 2.00% |
Total Loan Amount | 5.000 € |
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Number of instalments | 48 |
Monthly payment amount | 132.42 € |
Administrative Fees | |
1. Loan Processing Fee 2.00% | 100 € |
2. RKB Report cost | 3 € |
3. Purchase price of bill of exchange | 2 € |
Nominal annual interest rate | 13.00 % |
*Effective interest rate | 14.29 % |
Total repayment amount | 6,461.16 € |