Consumer loans
Consumer loans are the best way for favorable and simple purchase of goods and payment of service! If you would like to buy a certain product, pay for a service or buy a car (new or used), money from this loan is transferred by the Bank to the seller’s account, based on an invoice.
Consumer loans in RSD
| Example for consumer loan in RSD | ||
|---|---|---|
| Clients with regular earning inflow at KBC Banka |
Other clients | |
| Loan amount | 200.000 RSD | 200.000 RSD |
| Deposit / Downpayment | without | without |
| No of monthly installments | 60 | 60 |
| NIR on annual level* | 20,50% | 26,00% |
| EIR on annual level** | 24,17% | 31,25% |
| Monthly installment | 5.386 RSD | 6.030 RSD |
| Criteria for indexing | no criteria | no criteria |
| Costs included in calculation of EIR | ||
| One-off loan processing fee | 4.000 RSD | 4.000 RSD |
| 2 bills of exchange | 100 RSD | 100 RSD |
| Basic CB report | 205 RSD | 205 RSD |
| * NIR is variable, in accordance with the value of REPO rate (in case that the value of REPO rate 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 REPO rate), calculated according to the proportional method. ** EKS is calculated on 01.02.2012. |
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| Example for consumer loan in RSD for purchase of a car | ||
|---|---|---|
| Clients with regular earning inflow at KBC Banka |
Other clients | |
| Loan amount | 700.000 RSD | 700.000 RSD |
| Deposit / Downpayment | without | without |
| No of monthly installments | 60 | 60 |
| NIR on annual level* | 20,50% | 26,00% |
| EIR on annual level** | 24,12% | 31,18% |
| Monthly installment | 18.850 RSD | 21.103 RSD |
| Criteria for indexing | no criteria | no criteria |
| Costs included in calculation of EIR | ||
| One-off loan processing fee | 14.000 RSD | 14.000 RSD |
| 2 bills of exchange | 100 RSD | 100 RSD |
| Basic CB report | 205 RSD | 205 RSD |
| * NIR is variable, in accordance with the value of REPO rate (in case that the value of REPO rate 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 REPO rate), calculated according to the proportional method. ** EKS is calculated on 01.02.2012. |
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Loan terms
- Loan amount:
- 25.000 - 1.000.000 RSD
- For purchase of new car: 150.000- 2.000.000 RSD
- For purchase of second-hand car: maximum credit amount 1.000.000 RSD
- No deposit or downpayment
- No guarantors needed for loans up to 700,000 RSD
- Interest rate:
- For clients with regular earnings inflow in KBC Banka: NIR 20,50% annually, variable, (if the value of the REPO rate increased by 5 basis points is higher than the value of contracted rate, the Bank will apply interest rate that consists of a fixed margin of 5% and the value of REPO rate ) calculated according to the proportional method, EIR starting from 24,16% annually (calculated on 01.12.2011. for the loan amount of 1.000.000 RSD and the repayment period 60 months)
- For other clients: NIR 26,00% annually, variable, (if the value of the REPO rate increased for 5 basis points is higher than the value of contracted rate, the Bank will apply interest rate that consists of a fixed margin of 5% and the value of REPO rate), calculated according to the proportional method, EIR starting from 31,24% annually (calculated on 01.12.2011. for the loan amount of 1.000.000 RSD and the repayment period 60 months)
- Loan repayment term: up to 60 months
- Mode of repayment terms: equal monthly annuities, minimal installment is 1.000 RSD
COSTS
- Loan processing fee: 2% from loan amount, minimum 1.500 RSD
- Early loan repayment fee: free of charge
- 2 bills of exchange: 100 RSD
- Credit bureau basic report: 205 RSD
- For purchase of cars (if the pledge statement is needed)
- 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
- Query in BRA:
Collateral instruments
- For loans up to 700.000 RSD:
- 2 bills of exchange
- Administrative order of the borrower
- For loans from 700.001 up to 1.000.000 RSD:
- 2 bills of exchange
- 1 acceptable guarantor (for all purposes except purchase of cars)
- Administrative order of the borrower
- Statement of pledge on the car registered in the Pledge Register with Corporate Registers Agency with kasko insurance or 1 acceptable guarantor (for purchase of cars)
- For loans from 1.000.001 up to 2.000.000 RSD:
- 2 bills of exchange
- Administrative order of the borrower
- Statement of pledge on the car registered in the Pledge Register with Corporate Registers Agency with kasko insurance or 1 acceptable guarantor (for purchase of cars)
- optional, first rank mortgage on the property LTV ratio 70
Additional information
- Kasko insurance is required for mimimum 3 years
- Minimal requested type of kasko insurance covers total damage and insurance from theft
Requested documentation
- Loan application form (Bank form)
- Pro forma invoice for product or service (or buying and selling contract notarized in court / contract doesn't have to be notarized in the court if mediator is agency registered for conducting these service for a car)
- For used cars a photocopy of traffic license and ID card of the seller; in case if vehicle is imported, customs declaration and traffic license of the previous owner
- Certified data on the loan applicant (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 on the guarantor (Bank’s form)
- Administrative order on salary for the loan applicant / AZ1 and AZ2 (for pensioners who are not Bank’s clients)
- Photocopy of the ID card of the loan applicant (and guarantor)
- Photocopy of health insurance card of the loan applicant (and guarantor)
General Terms and Conditions for Retail Loan Approval
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