Relax consumer credit

__Relax__ consumer credit
  • Loan calculator

    Desired amount 60.000 den.

    Number of months 12

    Interest rate

    7.8 %

    9.9 %

    Monthly annuity

    6.342

    5.163

    Total to be paid off

    107.822

    63.169

    Total interest

    7.822

    3.169

    * values for first two years

    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.

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Consumer credit with grace period and without guarantors

If you need to go shopping with limited budget you need to make a compromise between your wishes and your financial abilities. With the Relax credit of Eurostandard Bank you can get a credit without guarantors and with included 6 months grace period.

With or without guarantors, for use or refinance, relax consumer credit can satisfy your wishes and necessities.

  • Grace period Possible 6 months grace period with the relax credit;
  • No guarantors Possible credit in amount of 300.000 denars without guarantors, or 900,000 denars with one guarantor;
  • Refinancing Possible free of charge credit or card refinancing;
  • 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 – up to 900.000 denars, depending on the credit worthiness, and the monthly annuities can't be higher than 1/3rd of the salary;
  • Repayment time limit - 95 equal monthly annuities;
  • Grace period – up to 6 months (not compulsory)
  • Interest rate: the initial interest rate amounts to 7,8% per annum and it is fixed in the first two years. After the period of two years the interest rate is variable and amounts to 9,9% per annum. This variable interest rate is changeable according to the referent interest rate published by www.nbrm.mk and after half a year (June 30th and December 31st) it increases by 6.9 %, however not less than 9,9% per annum and not more than the legal interest on arrears. The adjustment of the interest rate is made twice upon every semester (half a year);
  • Default interest: as the legally proscribed default  interest rate:
  • Fees: up to 2% fixed, in advance, for credit management, minimum 1.000 MKD, 250,00 MKD application costs

Collateral

  • Bill of Exchange with B/E statement, signed by the Credit beneficiary for credit up to 300.000 MKD
  • 1 (one) guarantor for more than 300.000 MKD.

Who can apply

  • Citizens of the Republic of Macedonia
  • Credit beneficiaries and guarantors for credits in Eurostandard Bank can't apply for credit guarantors
  • Net salaries of the credit applicant or guarantor mustn't be smaller than 10.000 MKD

Documents needed

  • Employees of private companies to submit copies of M-1 M-2 forms and summary on the last 3 month salaries, certified by Revenue Board Office and current account of the company issued by the Central Register.
  • Attached to the application to submit copies of identification documents of  the credit applicant.

 

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