GENERAL CHARACTERSISTICS OF CONSUMER SECURED LOAN BUNDLED WITH HOUSING LOAN

Promotional

Applicable are the same promotional conditions as for housing loan

Purpose

·         For users of new housing loan

·         For users of active housing loan 

Advantages

·       Guaranteed annual interest rate for the first 5 years

·       Additional amount over the amount of housing loan

·       No deposit, No endorsers,  No salary withholding,  No bill of exchange

·       Co-borrowers can be persons that are not immediate family members

·       Fast approval procedure

·       No applicative fee if in the same time the client applies for housing loan

·       Life insurance included optionally

If with the housing loan that is applied in the same time with the Consumer secured loan, is refinanced housing loan from other bank:

·          0 MKD Notary fee if both loans are on one Notary act

·          0 MKD appraisal fee

·          0% administrative fee

Amount

Up to 80.000 EUR

Disbursement

The funds of the approved loan are disbursed on the transaction account of individual in SB

Currency

MKD loan with FCY clause  /  MKD loan

Tenor

From 3 to 20 years

Loans without life insurance

EUR / MKD

3,70% fixed for 5 years  

SB payroll / pensioners

4,40% fixed for 3 years

Non-payroll clients

6,17% variable for the rest of the period

SB payroll / pensioners

6,85% variable for the rest of the period

Non-payroll clients

Loans without life insurance

EUR / MKD

3,50% fixed for 5 years  

SB payroll / pensioners

4,20% fixed for 3 years

Non-payroll clients

6,17% variable for the rest of the period

SB payroll / pensioners

6,85% variable for the rest of the period

Non-payroll clients

Repayment

Equal monthly annuities

For all holders of current transaction account with Stopanska banka, repayment is possible by:

- standing order or through the i-banking system of Stopanska Banka

Full or partial repayment is allowed with fee of 0% if repayment is after 20% of period of initial loan tenor, otherwise repayment fee is 3%.

Costs

- Applicative fee 0 MKD only if in the same time the clients applies for housing loan. Otherwise the applicative fee is 500 MKD

- 0% administrative fee

- 0 MKID appraisal fee

- Insurance charges and registration of mortgage

- Notary costs

Collateral

- Mortgage over real estate in the value of 154% - 215% of the loan amount, depending on the location of the real estate

Loan criteria

·   Individuals, citizens of R.M.

·   Minimum amount of net monthly income of the borrower/co-borrower 9.100 MKD.

·   Client age: from 20 to 70 on the date of repayment of the loan. If minimum one co-borrower is included , maximum age at loan maturity can reach 75 years.

·   Co-borrowers can be immediate family members (parent, child, spouse) otherwise the following conditions must be met:

·   SB payroll client

·   User of at least one SB or other bank lending product with good credit history

·   Co-borrowers income and debts are 100% inlcuded in DTI calculation.

·   Citizens of North Macedonia employed abroad can be accepted as borrower/co-borrower only in cases where close family members employed in RM appears as borrower/co-borrower. Also apply the following conditions:

·   Agreement for employment and final tax declaration must have been translated from state competent authority.

Applying required documents

1. Application for consumer secured loan (for the borrower and co-borrowers)

2. Copy of identity card or passport (for the borrower, co-borrowers and mortgagor)

3. For SB payroll/pensioner clients: only print of transaction account statement for last three months 

 For non SB payroll clients: Pension check / Salary certificate, certificated and signed by the authorized persons at the employer (not older than 30 days)

4. Birth certificate/marriage certificate (for the borrower and co-borrowers)

5. Title Deed of the building given as security not older than six months.

6. For mortgage of a house, the land must be property title or with right of long lease

7. Consent for report from Macedonian Credit Bureau (for the borrower and co-borrowers)

8. Other documents on bank requirement