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, carpets and floor covers, construction material, home appliances, sanitary appliances, and for tourist travels)
- Subsidized consumer credits indexed in EUR (intended for purchase of: automobiles, tractors, construction machines and trucks)
- Subsidized cash credits in RSD:
- for incomes up to 30.000 RSD
- for incomes from 30.001 RSD to 80.000 RSD
Subsidized consumer credits in RSD (agricultural mechanization, furniture, carpets and floor covers, construction material, home appliances, sanitary appliances, tourist travel)
Credit conditions
- Credit amount: minimum amount 5.000 RSD, maximum amount depends on client’s creditworthiness
- Without participation and deposit
- Interest rate: NIR 7,5% 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, as well as to submit the fiscal bill and warrantee certificate within the period of 90 days after the credit disbursement at the latest (warrantee certificate is not submitted for carpets and floor covers and construction material).
Collateral InstrumenTS
- Promissory note
- 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 additional document for verification of personal data: health card, passport or driver’s license
| 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) | 7,5% | 7,78% | none | 616 RSD | 4.489 RSD |
| 200.000 RSD | 24 (12 grace period) | 7,5% | 7,78% | none | 1.232 RSD | 8.979 RSD |
| 500.000 RSD | 24 (12 grace period) | 7,5% | 7,78% | none | 3.081 RSD | 22.447 RSD |
*EIR calculated on 01.04.2010. |
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General Terms and Conditions for Subsidized Retail Credit Approval
Subsidized consumer credits indexed in EUR (automobiles, tractors, construction machines, trucks)
Credit conditions
- Credit amount: from 1.000 EUR to 10.000 EUR
- Without participation and deposit
- Interest rate: NIR 7,5% on the annual level, fixed rate, EIR 7,78%
- 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
- Promissory note
- Administrative ban
- 1 guarantor
- Pledge on car
- Total insurance in favour of the Bank
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 additional document for verification of personal data: health card, passport or driver’s license
| Example of subsidized consumer credits in EUR | |||||
|---|---|---|---|---|---|
| Amount | Number of installments | NIR | EIR | deposit / participation | monthly installment |
| 2.000 EUR | 24 | 4,5% | 5,01% | none | 87 EUR |
| 5.000 EUR | 60 | 4,5% | 4,71% | none | 93 EUR |
| 8.000 EUR | 84 | 4,5% | 4,66% | none | 111 EUR |
*EIR calculated on 01.04.2010. |
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General Terms and Conditions for Subsidized Retail Credit Approval
Subsidized cash credits in RSD (for incomes up to 30.000 RSD and for incomes from 30.001 RSD to 80.000 RSD)
Credit conditions
- Credit amount: from 5.000 RSD to 300.000 RSD
- Without deposit
- Interest rate:
- for incomes up to 30.000 RSD, NIR 7,5% fixed rate on the annual level, EIR 7,78%
- for incomes from 30.001 RSD to 80.000 RSD: NIR 8,95 fixed rate, on the annual level, EIR 9,76%
- 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
Collateral Instruments
- Promissory note
- Administrative ban
Documentation
- Request for subsidized cash credit
- Verification of data for Credit Beneficiary (Bank form)
- Verified salary slips for the previous 3 months for Credit Beneficiary (pension cheques and Bank statement in which the salary is paid, if requested)
- Evidence of the amount of incomes in accordance with Credit Manual
- Decision on administrative ban of Credit Beneficiary
- Photocopy of personal ID of Credit Beneficiary and spouse
- Statement for subsidized cash credit
Note: Client's statement must be certified in the municipality or the court. If the client indicates in a statement that he/she does not live alone and provides information about family members, he/she needs to submit a certificate on full-time employment and monthly net salary for the employed household members. The certificate is provided on the company memorandum, in the form prescribed by the employer. - Photocopy of additional document for verification of personal data: health card, passport or driver’s license
| Example of subsidized cash 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 |
| Subsidized cash credit in RSD for incomes up to 30,000 RSD | ||||||
| 100.000 RSD | 24 (12 grace period) | 7,5% | 8,16% | none | 646 RSD | 4.506 RSD |
| Subsidized cash credit in RSD for incomes from 30.001 to 80.000 RSD | ||||||
| 100.000 RSD | 24 (12 grace period) | 8,95% | 9,76% | none | 771 RSD | 4.573 RSD |
| 200.000 RSD | 24 (12 grace period) | 8,95% | 9,76% | none | 1.541 RSD | 9.146 RSD |
| 300.000 RSD | 24 (12 grace period) | 8,95% | 9,76% | none | 2.312 RSD | 13.719 RSD |
*EIR calculated on 01.04.2010. |
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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