Cash / Refinancing Loans
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About the loan
Universal Capital Bank offers flexible cash and refinancing loans that are designed to meet your financial needs, whether you need extra money for unforeseen expenses, home renovations, travel or consolidation of existing obligations. Regardless of whether you receive income through an account with our bank, this loan product is available with favourable terms and a simple approval process.
This loan product offers transparent terms, competitive interest rates and the ability to adapt to your financial needs. Take advantage of this opportunity to solve your financial.
Don't wait! Take advantage of this opportunity and achieve financial security today. Contact us or visit the nearest branch to apply.
Required Documentation
To apply for a loan, you need an ID card and, depending on your employment status, you need the following documents:
- Certified attachment of salary
- Consent to obtain a Credit Registry report for all loan participants
- Other documentation as requested by the Bank
Option | Cash-Refinancing |
|---|---|
Nominal Interest Rate | 6.50% - 10.50% |
Maturity | up to 84 months |
Loan Amount | up to 50,000 EUR |
Early Repayment | 0% |
One-Time Fee | 0%, until 31.03.2025. |
Creditworthiness | The annuity may not exceed 50% of the net monthly salary, after all deductions |
Required Documentation |
|
Repayment Method | In equal monthly installments |
Representative Example:
Total Loan Amount | 20,000 EUR |
|---|---|
Number of Installments | 84 |
Monthly Obligation Amount (Installment) | 295.12 EUR |
Loan Processing Fee | 0.00 EUR |
Fee for Providing Data from the CBCG Credit Registry | 3 EUR |
Cost of Purchasing Two Promissory Notes | 4 EUR |
Nominal Annual Interest Rate | 6.50% |
Effective Interest Rate | 6.51% |
Total Interest | 4,886.93 EUR |
Total Costs | 4,893.93 EUR |
Total Amount the Client Needs to Pay | 24,893.93 EUR |
For a loan amount of EUR 20,000 with a repayment period of 7 years, the nominal interest rate (NAR) is 6.50%, while the effective interest rate (EIR) is 6.51%. The calculation of the total debt and EKS includes interest costs for the entire period in the amount of EUR 4,886.93, the cost of 2 promissory notes (EUR 4.00) and the cost of inquiries to the CBCG Credit Registry (EUR 3.00). The total amount that the Client needs to pay is EUR 24,893.93, while the monthly instalment is EUR 295.12.
A representative example is shown on the calculation example from 26 December 2024.