Stopanska Banka - Secured Loan for Housing Loan Clients

Characteristics

Advantages

Repayment period

up to 20 years for a consumer loan packaged with housing loan, or for purchase of business premises

up to 15 years for the purchase of construction land

Amount up to 4.920.000 MKD (in denar counter value)
Amount up to 12.300.000 MKD (in denar counter value) for the purchase of construction land
Amount up to 9.250.000 MKD (in denar equivalent) for the purchase of business premises
The funds of the approved loan shall be disbursed on the SB transaction account of Individuals
EUR: denar loan with a foreign currency clause; MKD: denar loan
Guaranteed interest rate for the first 5 years
An option for repayment with standing order or via i-bank channels of the bank is available for each holder of an account with SB
Additional amount over the amount of SB housing loan
NO deposit, NO guarantors, NO administrative wage garnishment, NO bill of exchange ,
The co-borrower may be individuals who are not members of the immediate family
Fast and simple procedure (initial pre-approval within 24 hours)
No application costs if applying for housing loan at the same time

3.20% fixed for 5 years for clients receiving salary/pension on a SB account
4.10% fixed for 3 years, for clients not receiving salary/pension on a SB account

3.40% fixed for 5 years for clients receiving salary/pension on a SB account
4.30% fixed for 3 years, for clients not receiving salary/pension on a SB account

5.65% variable for the remaining period for clients receiving salary/pension on a SB account
6.28% variable for the remaining period for clients not receiving salary/pension on a SB account

Fee for early partial or full settlement:0% provided that the settlement is made following the expiry of the first 20% of the initially approved repayment period, on the contrary 3% (only for loans secured by pledge of immovable property)
If the housing loan along with the Consumer secured loan are simultaneously applied for, the housing loan from other banks is refinanced in Stopanska banka:

0 MKD for a fee for establishment of a notary act and registry in the Cadastre (provided that the both loans are in a single notary act)
0 MKD for a fee for appraisal of the mortgaged property
0% administrative costs

Application fee in the amount of 0 MKD for all clients provided that the borrower applies for both – housing and consumer loan at the same time. On the contrary the fee in amount of 600 MKD shall be charged
Administrative fee: 1.25% of the amount of the approved loan shall be charged one-time
Appraisal fee: 2,500 or 5,000 MKD (depending on the location ) of the mortgaged property shall be charged one-time
Insurance fee and mortgage registration
Fees for establishment of a notary act.
400 MKD fee for generating Title Deed

Individuals, residents
Minimum monthly salary in the amount of 9,100.00 MKD for each participant in the loan, individually.
For SB payroll/non-SB payroll clients - from 20 years at application up to 70 years on loan repayment date (in case when co-borrower/s is/are included the age of one of the loan participants can be up to 70 years on loan repayment date, while the other loan participant/s on loan repayment day can be up to 75 years).
For pensioners - up to 70 years on loan repayment date (in case when co-borrower/s is/are included and all the loan participants are pensioners at the moment of application, the age of any of the loan participants on loan repayment day can be up to 75 years).
Apart from being a member of the immediate family (a parent, child, spouse), the co-borrower may also be a person who fulfils the following requirements :

to be a client receiving salary/pension on a SB account,
to be a client with an existing loan product in SB or at any other bank and with good credit history

Individuals, citizens of the Republic of North Macedonia, who are employed abroad, may be accepted as borrowers/co-borrowers only in cases when members of the immediate family with a permanent employment in RNM appear as borrowers/co-borrowers.

Consumer loan application for (for borrowers and co-borrowers)
Copy of ID or passport (for the borrower, co-borrowers and mortgage debtor)
For clients receiving salary on a SB transaction account, only a transaction account statement for the last six months is required
All other – Pension slip / Employment Certificate, signed and certified by employer’s authorized person (not older than 30 days), and other documentation required in order to prove the amount of the monthly salary.
Birth Certificate (not older than 6 months) / Marriage Certificate issued by RNM (for the borrower and co-borrowers)
Property certificate for the mortgaged real estate, not older than 6 months
Provided that the collateral is a house, the land should have an established property right or right for a long term lease
Consent for report submission by Macedonian Credit Bureau
Additional documentation required by the bank