Loans for pensioners
Loans for pensioners are cash loans that can be used in order for refinancing of existing credit obligations as well. These loans are with life insurance, where insurance premium is paid by KBC Banka.
| Example for loan for pensioners in RSD | |
|---|---|
| Loan amount | 100.000 RSD |
| Deposit / Downpayment | without |
| No of monthly installments | 36 |
| NIR on annual level* | 18,50% |
| EIR on annual level** | 22,52% |
| Monthly installment | 3.653 RSD |
| Criteria for indexing | no criteria |
| Costs included in calculation of EIR | |
| One-off loan processing fee | 2.000 RSD |
| 2 bills of exchange | 100 RSD |
| Basic CB report | 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. ** EIR is calculated on 01.02.2012. |
Loan terms
- Loan amount: 25.000 - 300.000 RSD
- Without deposit, participation and guarantors
- Interest rate: NIR 18,50% annually, variable (if the value of 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 22,39% (calculated on 01.12.2011. for the loan amount of 300.000 RSD and the repayment period 36 months)
- Repayment term: up to 36 months
- Mode of repayment: in equal monthly installments, minimal installment is 1.000 RSD
Costs
- Loan processing fee: 2% from loan amount, minimum 1.000 RSD
- Early loan repayment fee: free of charge
- 2 bills of exchange: 100 RSD
- Credit bureau basic report: 205 RSD
SPECIAL CONDITIONS
- Client is obliged to receive a pension on the account opened with KBC Banka
- Age limit in the moment of the last installment is 75 years
Collateral instruments
- 2 bills of exchange
Requested documentation
- Loan request (Bank's form)
- Decision on retirement or Confirmation on amount of pension issued by Pension Fund (for pensioners who are not Bank’s clients)
- 3 last pension cheques
- Photocopy of personal ID card
- 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