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Home / Retail / Loans / Car Purchase / Car Purchase (no Clause) /

Car Purchase Loan-no Currency Clause

Type of Loan

Car Purchase Loan-no Currency Clause

Borrower

Bank's Clients

Other Clients

Loan Amount

From 300.000,00 RSD up to the amount of the client’s creditworthiness

Currency for Granting Loan

RSD

Indexation Criteria

No Indexation

Period

6 – 84 months

Annual Nominal Interest Rate

2w repo+9,00%

2w repo+14,00%

Variablity of Nominal Interest Rate

Variable

Collaterals

Bill of Exchange

Two bills of exchange signed by the borrower and guarantor

Garnishment

Two garnishments for the borrower and guarantor

Guarantor

For loans over 600,000.00 RSD - one creditworthy guarantor

For loans over 300,000.00 RSD - one creditworthy guarantor

Possibility of Replacing

The guarantor can be replaced by mortgage or legal entity’s warranty

Pledge

Pledge for a vehicle which is the subject matter of crediting

Vehicle insurance

For the vehicles over 1.000.000,00 RSD

Fees and other Expenses

Compensation for Processing Loan Application

1,50%

2,50%

Variability

Fixed

Collaterals Expenses – two bills of exchange

100,00RSD

Variability

Fixed

Credit Bureau Statement - Borrower

205,00RSD

Variability

Fixed

Credit Bureau Statement - Guarantor

85,00RSD

Variability

Fixed

Fee for Pension and Disability Fund Expenses

1,18%

Variability

Fixed

Representative Example of Cash Loan – No Currency Clause