This product is approved for the natural persons who need cash for solving a current lack of financial resources and who receive regular monthly incomes.
Amount in EUR:
Min EUR 500,00 – Max EUR 20.000,00
Repayment Period:
1 – 84 months
Nominal interest rate annually:
6,00%-12,00% , depending on a group a client belongs to and a client’s credit grade
Banking fees for loan approval(once off payment)
0,00%-2,00% depending on a group a client belongs to and a client’s credit grade
Grace period:
Up to 1 month (the interest shall be paid in the grace period)
Repayment method:
Equal monthly installments
Fees for loan repayment partly or closing of the loan entirely ( once off payment)
In accordance with the Law on consumer loans
Security instruments:
Attachment of earnings and/or Permanent order for right of disposal of the funds in the transaction account. 2 (two) bills of exchange with the bill of exchange authorization.
▪ Loan may be approved for creditworthy borrowers who have received at least one salary/pension in a transaction account opened with Zapad banka.
▪ A creditworthy borrower is a client, who from a half of his /her monthly salary or pension can cover the overall monthly liabilities, including the annuity of the loan he/she applies for.
Loan amount in EUR
5.000,00
15.000,00
Repayment Period
60 months
84 months
Nominal interest rate annually
7,00%
7,00%
Monthly installment
99,01
226,39
Administration fees (the loan processing expenses, 2 (two) bills of exchange expenses, the Regulatory Credit Registry inquiry expenses)
57,50
157,50
Total interest amount
950,82
4.048,31
Effective interest rate
7,74%
7,57%
Total costs *
1.008,32
4.205,81
Total debt **
6.008,32
19.205,81