Consumer credit based on mortgage

Consumer credit based on __mortgage__
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    EUR
    DEN

    Desired amount 30.000 den.

    Number of months 12

    Interest rate

    7.26 %

    Monthly annuity

    6.342

    Total to be paid off

    107.822

    Total interest

    7.822

    TCR of 0 %.

    *The amount of TCR is influenced by the repayment time limit, amount of credit, amount of costs included in calculation of TCR, capitalized interest and amount of nominal interest rate.

  • Линкови десно

Non-purpose credit based on pledge of an immovable property

Investment or cash, this type of credit based on mortgage gives you an opportunity to provide funds you need by pledging your immovable property.

You can apply for credit in amount of 120.000 eur and for 20 years repayment time limit

  • Up to 120,000 eur This credit can be extended in amount of 120.000 eur in denar counter-value;
  • Up to 20 years According to your wishes and financial abilities you can pay off this credit in 20 years;
  • 6,4% interest rate annually Unique interest rate of 6,4% annually;
  • Quick collection After the credit is extended, you can immediately collect the funds on your transaction account;
  • Maestro – debit card Free of charge maestro debit card

Credit characteristics

  • Maximum amount: 120.000 EUR in denar counter value depending on the credit worthiness of the credit applicant;
  • Repayment period: up to 20 years;
  • Interest rate:
    • For clients who receive their monthly salaries in the ESB Bank and for credits in MKD, the initial interest rate amounts to 7% per annum. It is variable and changeable according to the changes in the referent interest rate published by www.nbrm.mk, however after half a year (June 30th and December 31st) it increases for 4%, however not less than 7% per annum and not more than the legal interest rate on arrears.
    • For clients who receive their monthly salaries in the ESB Bank and for credits in MKD, the initial interest rate amounts to 9,75% per annum. It is variable and changeable according to the changes in the referent interest rate published by www.nbrm.mk, and after half a year (June 30th and December 31st) it increases by 6,75%, however not less than 9,75% per annum and not more than the legal interest rate on arrears.
    • Clients who receive their monthly salaries in the ESB Bank and for credits with foreign currency clause the initial interest rate amounts to 6,4% per annum. It is variable and changeable according to the changes of the 6 month EURIBOR published by https://www.euribor-rates.eu/ and after half a year (June 30th and December 31st) it increases by 6,67%, however not less than 6,4 % per annum and not more than the legal interest rate on arrears.
    • For clients who receive their monthly salaries in the ESB Bank and for the credits with foreign currency clause the initial interest rate amounts to 7,4% per annum. It is variable and changeable and changes according to the changes of the 6 month EURIBOR published by https://www.euribor-rates.eu/ and after half a year (June 30th and December 31st) it increases by 7,67%, however not less than 7,4% per annum and not more than the legal interest rate on arrears. The adjustment of the interest rate is made twice upon every semester (half a year);
  • Repayment period: up to 20 years;
  • Default interest: as the legally proscribed interest rate;
  • Fees: up to 1% fixed, in advance, for credit management, minimum 1.000 MKD, 250,00 MKD application costs
  • Early repayment fee: up to 2% on the rest of the principal, except when the client applies for a new credit.

Collateral

  • Concluded right for pledge, mortgage over immovable property in favor of the Bank, worth minimum 150% of the credit value.
  • Insurance policy of the immovable property in favor of the Bank;
  • Bill of Exchange with B/E statement, signed by the Credit beneficiary and co-credit beneficiaries (if any)

Who can apply:

  • Individuals who are citizens of the Republic of Macedonia, who shall pledge immovable property that is property of the credit beneficiary or other legal entity or individual.

Documents needed

  • ID in original or certified photocopy;
  • М1/М2 form issued by the Employment agency, except for officers of the public administration, government institutions or companies which function as depositors at the Bank;
  • Additional documents on additional income of the credit beneficiary earned out of the regular labor relation;
  • Summary on the last 3 month salaries, certified by Revenue Board Office except for officers of the public administration, government institutions, good standing companies (list of such companies is adopted by the Risk management board) or companies which function as depositors at the Bank;
  • If assessed by the Bank’s credit officer the credit applicant might be asked to submit additional documents such as current account of the employee if he/she works for a private company, report on transaction account of the credit applicant etc.
  • Certified documents on the financial position – integral part of the credit application or documents which identify monthly income of the credit applicant or co-credit applicants (if any) such as agreement on rent, contract on copyrights, pension cheque and other documents (the Bank keeps copy);
  • Deed of title (issued in less than 2 weeks)
  • Appraisal by authorized appraiser

 

NOTE:
  • The Bank reserves the right to ask for additional documentation in order to prove the authenticity of the submitted credit application.
  • Annuities mature the last calendar day of the month.
  • Monthly annuities can't be higher than 1/3rd  of the salary of credit beneficiary and co-credit beneficiary