From April 1, 2024, UCB offers a new product for our oldest clients – pensioners. We prepared a special offer; loan up to EUR 12,000.00 that is secured by life insurance for which the Bank pays a premium. Interest rate is very favorable 7.50% on an annual basis.
- Fast loan approval procedure;
- Free life insurance policy;
- Loan secured by life insurance for which the Bank pays a premium;
- The most favorable interest rate
| Option | Loans for pensioners with free life insurance policy |
|---|---|
| Interest rate | 7.50 % |
| Maturity | up to 84 months |
| Amount | up to 12.000 EUR |
| 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% |
| 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 | 12.000,00 € |
|---|---|
| Number of monthly instalments | 84 |
| Monthly instalment | 182.56€ |
| Administrative fee | |
| 1. Loan processing fee 0% | 0.00 € |
| 2. Cost of RKB report | 3 € |
| 3. Cost of two exchange bills | 4 € |
| Nominal interest rate | 7.50 % |
| Effective interest rate | 7.52 % |
| Total interest | 3,401.80 € |
| Total costs | 3,408.80 € |
| Total repayment | 15,408.80 € |
