Consumer loan for renovation
Consumer Loan for renovation
GENERAL CHARACTERSISTICS OF CONSUMER SECURED LOAN BUNDLED WITH HOUSING LOAN |
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Promotional |
Applicable are the same promotional conditions as for housing loan |
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Purpose |
· For users of new housing loan · For users of active housing loan |
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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
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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 |
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Amount |
Up to 80.000 EUR
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Disbursement |
The funds of the approved loan are disbursed on the transaction account of individual in SB |
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Currency |
MKD loan with FCY clause / MKD loan |
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Tenor |
From 3 to 20 years |
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Loans without life insurance |
EUR / MKD
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3,70% fixed for 5 years SB payroll / pensioners |
4,40% fixed for 3 years Non-payroll clients
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6,17% variable for the rest of the period SB payroll / pensioners |
6,85% variable for the rest of the period Non-payroll clients
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Loans without life insurance |
EUR / MKD
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3,50% fixed for 5 years SB payroll / pensioners |
4,20% fixed for 3 years Non-payroll clients
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6,17% variable for the rest of the period SB payroll / pensioners |
6,85% variable for the rest of the period Non-payroll clients
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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%. |
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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 |
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Collateral
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- Mortgage over real estate in the value of 154% - 215% of the loan amount, depending on the location of the real estate |
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Loan criteria
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· 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. |
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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 |
For further information, please contact