Car loans
Do not spend as much time on choosing a car loan as you do for a car. KBC Bank will help you choose the best option for the purchase of your four-wheeler.
New car loans indexed in EUR
| Example for car loan indexed in EUR for purchase of a new car | |
|---|---|
| Car price | 10.000 EUR |
| Loan amount | 7.000 EUR |
| Downpayment 30% | 3.000 EUR |
| No of monthly installments | 84 |
| NIR on annual level* | 8,95% |
| EIR on annual level** | 11,54% |
| Monthly installment | 113 EUR |
| Criteria for indexing | NBS middle rate on the day of payment |
| Costs included in calculation of EIR | |
| One-off loan processing fee | 140 EUR |
| 2 bills of exchange | 100 RSD |
| Basic CB report | 205 RSD |
| Notarization of pledge | 550 RSD |
| Recording pledge | 3.000 RSD |
| Average amount of insurance | 225 EUR in RSD counter value |
| * NIR is variable, in accordance with the value of 6M EURIBOR (in case that the value of 6M EURIBOR increased for 5 basis points is higher than the value of the contracted rate, the Bank will apply interest rate that consist of a fixed margin of 5% and the value of 6M EURIBOR), calculated according to the proportional method. ** EIR is calculated on 01.04.2012. |
|
loan terms
- Loan amount: 1.500 - 25.000 EUR in RSD countervalue according to the middle exchange rate of NBS on the day of the loan reimbursement
- Downpayment: 30% of the loan amount
- Interest rate: NIR 8,95%; annually, variable (in case that the value of 6M EURIBOR increased for 5 basis points is higher than value of the contracted rate, the Bank will apply interest rate that consists of a fixed margin of 5% and the value of 6M EURIBOR); calculated according to the proportional method; EIR from 10,55% annually (calculated on 01.04.2012. for the loan amount of 25.000 EUR and the repayment period of 84 months)
- Repayment term: up to 84 months
- Mode of repayment: in equal monthly installments in RSD countervalue, calculated at NBS middle rate valid on the day of reimbursement
COSTS
- Loan processing fee: 2% from loan amount, minimum 3.000 RSD
- Early loan repayment fee: free of charge
- 2 bills of exchange: 100 RSD
- Cost of Credit bureau basic report: 205 RSD
- Query in BRA:
- 1.000 RSD for amount up to 6.000 EUR
- 3.000 RSD for amount above 6.000 EUR
- Certification of pledge statement: 550 RSD
- Average amount of KASKO insurance: 15% of the value of the vehicle for the first year of insurance
Collateral instruments
- Uo to 10.000 EUR:
- 2 bills of exchange
- Administrative order on salary
- Statement of pledge on the car registered in the Pledge Register with Business Register Agency
- Over 10.001 EUR:
- 2 bills of exchange
- Administrative order on salary
- Statement of pledge on the car registered in the Pledge Register with Business Register Agency
- Full coverage insurance of the car in favour of the Bank (minimum 3 years) or 1 creditworthy guarantor
Additional information
- Minimal requested type of kasko insurance covers total damage and insurance from theft
Requested documentation
- Loan application form (the Bank's form)
- Pro-forma invoice or sales contract
- Certified data of the loan applicant (the Bank’s form) for employees / decision on retirement or Confirmation on amount of pension issued by Pension Fund (for pensioners who are not Bank’s clients)
- Certified wage slips for the previous 3 months and current account statement for the loan applicant, if required (required for Bank’s non-clients) / 3 last pension cheques and current account statement for the past 3 months if required (required for pensioners who are not Bank’s clients)
- Certified data of the guarantor (the Bank’s form)
- Administrative order on salary for the loan applicant / AZ1 and AZ2 (for pensioners who are not Bank’s clients)
- Photocopy of ID card of loan applicant (and guarantor)
- Photocopy of medical booklet (and guarantor)
General terms and criteria for granting retail loans
KEEP IN CLOSE TOUCH WITH YOUR MONEY WHEREVER YOU ARE
Most contemporary Online Banking service of KBC Banka enables you to monitor repayment of your loan at any time and at any place!
Second-hand car loans indexed in EUR
| Example for car loan indexed in EUR for purchase of a second-hand car | |
|---|---|
| Car price | 5.000 EUR |
| Loan amount | 3.500 EUR |
| Downpayment 30% | 1.500 EUR |
| No of monthly installments | 84 |
| NIR on annual level* | 10,95% |
| EIR on annual level** | 12,61% |
| Monthly installment | 60 EUR |
| Criteria for indexing | NBS middle rate on the day of payment |
| Costs included in calculation of EIR | |
| One-off loan processing fee | 70 EUR |
| 2 bills of exchange | 100 RSD |
| Basic CB report | 205 RSD |
| Notarization of pledge | 550 RSD |
| Recording pledge | 1.000 RSD |
| * NIR is variable, in accordance with the value of 6M EURIBOR (in case that the value of 6M EURIBOR increased for 5 basis points is higher than the value of the contracted rate, the Bank will apply interest rate that consist of a fixed margin of 5% and the value of 6M EURIBOR), calculated according to the proportional method. ** EIR is calculated on 01.04.2012. |
|
loan terms
- Loan amount: 1.500 - 10.000 EUR in RSD countervalue according to the middle exchange rate of NBS on the day of the loan reimbursement
- Downpayment: 30% of the loan amount
- Interest rate: NIR 10,95% annually, variable (in case that the value of 6M EURIBOR increased for 5 basis points is higher than value of the contracted rate, the Bank will apply interest rate that consists of a fixed margin of 5% and the value of 6M EURIBOR); calculated according to the proportional method; EIR from 12,56% annually (calculated on 01.04.2012. for the loan amount of 10.000 EUR and the repayment period of 84 months)
- Repayment term: up to 84 months, vehicle cannot be older than 5 years at the moment of the submitting loan request, and not older than 8 years at the moment of repayment the loan
- Mode of repayment: in equal monthly installments in RSD countervalue, calculated at NBS middle rate valid on the day of reimbursement
COSTS
- Loan processing fee: 2% from loan amount, minimum 3.000 RSD
- Early loan repayment fee: free of charge
- 2 bills of exchange: 100 RSD
- Cost of Credit bureau basic report: 205 RSD
- Certification of pledge statement: 550 RSD
Collateral instruments
- 2 bills of exchange
- Administrative order on salary
- Statement of pledge on the car registered in the Pledge Register with Business Register Agency
Requested documentation
- Loan application form (the Bank's form)
- Pro-forma invoice or sales contract
- Photocopy of traffic licence
- Certified data of the loan applicant (the Bank’s form) for employees / decision on retirement or Confirmation on amount of pension issued by Pension Fund (for pensioners who are not Bank’s clients)
- Certified wage slips for the previous 3 months and current account statement for the loan applicant, if required (required for Bank’s non-clients) / 3 last pension cheques and current account statement for the past 3 months if required (required for pensioners who are not Bank’s clients)
- Administrative order on salary for the loan applicant / AZ1 and AZ2 (for pensioners who are not Bank’s clients)
- Photocopy of ID card of loan applicant
- Photocopy of medical booklet
General terms and criteria for granting retail loans
KEEP IN CLOSE TOUCH WITH YOUR MONEY WHEREVER YOU ARE
Most contemporary Online Banking service of KBC Banka enables you to monitor repayment of your loan at any time and at any place!
For additional information please call KBC Info telephone number (011) 30-50-575 any work day from 9:00 until 18:00 or visit our nearest branch office