Consumer Loan
Up to MKD 1.500.000/EUR 25.000
Characteristics
Advantage
Credit approval in only 30 minutes
A possibility to include a life insurance and insurance against accidents and securing more favorable bank charges
Co-borrowers may be members of immediate family
Credit approval without additional inclusion of bill of exchange, guarantors or deposit
Gift voucher for purchase of other insurance, for all credits including insurance against accidents
Loan amount
minimum from 15,000 MKD / 250 EUR
maximum up to 1,500,000 MKD / 25.000 EUR
Currency
denar loan; EUR clause
Repayment period
Minimum 6 months
Maximum: 60 months for a loan up to 91,500 MKD/1.500 EUR, 84 months for a loan up to 300,000 MKD/5.000 EUR, 120 months for a loan up to 1,500,000 MKD /25.000 EUR
Method of repayment
Equal monthly annuities
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
For credits with insurance
An insurance against accidents and credit life insurance is connected with the package for consumer loan application (client’s choice). Regarding insurance against accidents the Bank shall issue a policy from Croatia Osiguruvanje/ Non-life, as its authorised representative for non-life insurance. Should the client request a credit life insurance, the Bank shall issue a SIGAL LIFE policy, as its authorized representative in the part of life insurance.
Bank charges
Interest
For MKD loans
Amount up to 300,000 MKD | Amount up to 1,500,000 MKD | |
Fixed interest rate | 5.50% for the first 2 years for loans with accident insurance | 5.30% for the first 2 years for loans bundled with life insurance 5.50% for the first 2 years for loans b4ndled with accident insurance |
Variable interest rate | 8.55% for payroll/pensioner clients 9.50% for other clients (non-payroll) | 7.65% for payroll/pensioner clients 8.50% for other clients (non-payroll) |
For denar loans with foreign currency clause
Amount up to 5,000 EUR | Amount up to 25,000 EUR | |
Fixed interest rate | 4.90% for the first 2 years for loans with accident insurance | 4.70% for the first 2 years for loans bundled with life insurance 4.90% for the first 2 years for loans bundled with accident insurance |
Variable interest rate | 8.10% for payroll/pensioner clients 9.00% for other clients (non-payroll) | 8.10% for payroll/pensioner clients 9.00% for other clients (non-payroll) |
Additional costs related with the loan application
Application cost in the amount of 600 MKD
administrative cost of 2%
for loans over MKD 920,000 / EUR 15.000 costs for a notary fee for solemnization
Cost for early settlement 0%
Loan criteria
Individuals, residents
Client’s age:
- For SB payroll/non-SB payroll clients and non-SB pensioners - from 20 years at application up to 67 years on loan repayment date.
- For SB pensioners - up to 67 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 participant on loan repayment day can be up to 70 years, whereas one of the loan participants has to be with maximum age of maturity up to 67 years).
Requirements for co-borrowers:
- a member of the immediate family
- other person that meets 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
Documentation
For clients receiving salary/pension on a SB account:
Signed application for consumer loan and consent for verification in Macedonian Credit Bureau
Copy of ID
For clients not receiving salary/pension on a SB account:
transaction account statements for the last six months
Certificate of employment signed and certified not older than 30 days
Birth Certificate/ Marriage Certificate (applies for notary public only)
Additional documentations required by the bank