Subsidized retail credits
KBC Banka approves to natural persons subsidized credits in accordance with the contract signed with the Development Fund of the Republic of Serbia and Ministry of Economy and Regional Development:
- Subsidized consumer credits in RSD (intended for purchase of: agricultural mechanization, furniture, construction material, home appliances and computers with monitor and speakers)
- Subsidized consumer credits indexed in EUR (intended for purchase of: automobiles, tractors, construction machines, busses and trucks)
Subsidized consumer credits in RSD (agricultural mechanization, furniture, construction material, home appliances and computers with monitor and speakers)
Credit conditions
- Credit amount: minimum amount 5.000 RSD, maximum amount depends on client’s creditworthiness
- Without participation and deposit
- Interest rate: NIR 7,50% on the annual level, fixed rate, EIR 7,78%
- Repayment term: up to 36 months
- Grace period: 12 months, included in repayment term
- Way of repayment: in the first 12 months only interest is paid and in the next 24 months capital amount in equal monthly annuities with accrued interest
- One-off fee for approval and administrative costs: 0,5% from the credit amount
- Condition for credit approval: open current account for receipt of salary/pension
Obligation of Credit Beneficiary, in course of submitting of credit request is to submit to the Bank the pro forma invoice of the seller from which it can be determined that the goods was produced in Serbia (furniture can be produced in Republic of Srpska), and that the computer is assembled in the Republic of Serbia, while the monitor and speakers are excluded from this obligation - the monitor and speakers do not have to be manufactured / assembled in the Republic of Serbia.
Collateral InstrumenTS
- 2 bills of exchange
- Administrative ban
- 1 guarantor (for amounts exceeding 700.000 RSD)
Documentation
- Credit request (Bank form)
- Pro forma invoice for goods or service
- Verification of data for Credit Beneficiary (Bank form)
- Verified salary slips for the previous 3 months for Credit Beneficiary and Bank statement in which the salary is paid, if requested (and guarantor)
- Verification of data for guarantor (Bank form)
- Decision on administrative ban of Credit Beneficiary
- Photocopy of personal ID of Credit Beneficiary (and guarantor)
- Photocopy of health insurance card
| Example of subsidized consumer credits in RSD | ||||||
|---|---|---|---|---|---|---|
| Amount | Number of installments | NIR | EIR | deposit / participation | monthly installment in the 1st year |
monthly installment in the 2nd and 3rd year |
| 100.000 RSD | 24 (12 grace period) | 7,50% | 7,78% | none | 616 RSD | 4.489 RSD |
| 200.000 RSD | 24 (12 grace period) | 7,50% | 7,78% | none | 1.232 RSD | 8.979 RSD |
| 500.000 RSD | 24 (12 grace period) | 7,50% | 7,78% | none | 3.081 RSD | 22.447 RSD |
*EIR calculated on 01.04.2010. |
||||||
General Terms and Conditions for Subsidized Retail Credit Approval
Subsidized consumer credits indexed in EUR (automobiles, tractors, construction machines, busses and trucks)
Credit conditions
- Credit amount: from 1.000 EUR to 10.000 EUR
- Downpayment: 30%
- Interest rate: NIR 4,50% on the annual level, fixed rate, EIR 4,66%
- Repayment term: from 13 to 84 months
- Grace period: 12 months, included in repayment term
- Way of repayment: in equal monthly annuities, in RSD counter-value at medium exchange rate on the day of repayment, i.e. debit
- One-off fee for approval and administrative costs: 0,5% from the credit amount
- Condition for credit approval: open current account for receipt of salary/pension
Collateral Instruments
- For loans up to 7.000 EUR
- 2 bills of exchange
- Administrative ban
- For loans from 7.001 EUR up to 10.000 EUR
- 2 bills of exchange
- Administrative ban
- 1 guarantor (for all purposes except purchase of cars)
- 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)
Documentation
- Credit request (Bank form)
- Pro forma invoice for goods or service
- Verification of data for Credit Beneficiary (Bank form)
- Verified salary slips for the previous 3 months for Credit Beneficiary and Bank statement in which the salary is paid, if requested (and guarantor)
- Verification of data for guarantor (Bank form)
- Decision on administrative ban of Credit Beneficiary
- Photocopy of personal ID of Credit Beneficiary (and guarantor)
- Photocopy of health insurance card (and guarantor)
| Example of subsidized consumer credits in EUR | ||||
|---|---|---|---|---|
| Amount | Number of installments | NIR | EIR | monthly installment |
| 2.000 EUR | 24 | 4,50% | 5,01% | 87 EUR |
| 5.000 EUR | 60 | 4,50% | 4,71% | 93 EUR |
| 8.000 EUR | 84 | 4,50% | 4,66% | 111 EUR |
*EIR calculated on 01.04.2010. |
||||
General Terms and Conditions for Subsidized Retail Credit Approval
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