Consumer Loan
My Cash
Characteristics
My cash is a revolving consumer loan connected to SB card which may only be used for cash withdrawal from any ST ATMs and OTC (the card cannot be used for payments within the trade network)
Advantages
- Flexible monthly repayment
- Unlimited access to the funds of the approved loan (24 hours)
- NO charge for cash withdrawal
- The interest is calculated on the used amount only
- NO guarantors, administrative wage garnishment nor bill of exchange
- Denar loan
- An option for repayment with standing order or via i-bank services of the bank
Criteria
- Age: Minimum 20 – maximum 65 years as of the date of submitting the application
Usage
- Cash withdrawal only from ATMs of Stopanska Banka
- Monitoring and managing the account through e-banking service
- The maximum age for active use of the credit limit is 72 years, after witch the available credit limit is abolished.
Bank charges
Interest rate
- 8.55% variable for clients receiving salary/pension on a SB account
- 9.50% variable for the remaining clients.
Monthly repayment and Costs
- 0% administrative cost
- Clients with secured or unsecured in Stopanska banka get 0 MKD annual membership fee for the entire period
- NO annual membership fee for the first year of issuance for all clients
Following the expiry of the first year the clients who have made regular repayments (in the past 12 months have not made late repayment for longer than 60 days) shall be qualified for some of the following membership fee discounts:
For loan limit up to 60,000 MKD:
- 350 MKD for clients receiving salary/pension on a SB account who have opted to receive electronic delivery of their monthly statements
- 400 MKD for clients receiving salary/pension on a SB account who have opted to receive their monthly statements by post
- 600 MKD for other clients
For loan limits over 60,000 MKD:
- 550 MKD for clients receiving salary/pension on a SB account who have opted to receive electronic delivery of their monthly statements
- 650 MKD for clients receiving salary/pension on a SB account who have opted to receive their monthly statements by post
- 1200 MKD for other clients
Provided that the client in the past 12 months has made a late repayment of the monthly minimum liabilities for a period longer than 60 days, the Bank shall charge the basic amount of the annual membership fee or 600/1200 MKD respectively, regardless whether the client qualifies for any of the aforementioned discounts.
Documentation
- Application form
- Copy of ID
- For clients receiving salary on SB account, the bank shall print out a transaction account statements for the last 3 months
- For clients not receiving salary on a SB account, Certificate of Employment, signed and certified by the employer (not older than 30 days), and if necessary other documents to serve as proof of the monthly salary. The clients employed in private companies that are not joint-stock companies or state/public enterprise are required to submit a PP53 form (Declaration for receipt from PRO) for the last month.
- Consent for report submission by Macedonian Credit Bureau
- Other documentation required by the Bank