header image header image

Consumer secured loan

Characteristics

Promotional offer: 
For all applications received in the promotional period up to 31.07.2020
  • 100% release of administrative fee
  • 100% release of appraisal fee
  • 100% release of notary cost (for new disbursements in amount above 10.000 EUR)
Advantages
  • Loan amount:
    • up to 80,000 EUR for loans secured by mortgage (in denar counter value)
    • up to 200,000 EUR for loans secured by deposit (in denar counter value)
  • Guaranteed interest rate for the first 3 years
  • Pre-approved credit card
  • Loan approval without administrative wage garnishment, bill of exchange or guarantors    
  • Denar loan or denar loan with foreign currency clause
  • equally 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
  • Repayment period up to 20 years
When refinancing from other banks:
  • 0% administrative fee when refinancing a loan from other bank
  • 0 MKD appraisal fee  when refinancing a loan from other bank
  • 0 MKD notary fee when refinancing a loan from other bank

Bank charges

Interest rates for loans with an included life insurance

Secured by mortgage for clients receiving salary/pension on SB account  

  • Fixed interest rate of 4.80% for 3 years
  • Variable interest rate of 6.48% for the following years

For other clients

  • Fixed interest rate of 5.30% for 3 years
  • Variable interest rate of 7.20% for the following years
Secured by deposit in the amount of 30,000 EUR/ 1,800,000 MKD
  • 2.40 p.p margin above the deposit interest rate

For amount over 30,001 EUR/ 1,800,001 MKD

  • 1.90 p.p margin above the deposit interest rate
Interest rates for loans WITHOUT an included life insurance

Secured by mortgage for clients receiving salary/pension on SB account EUR/MKD

  • Fixed interest rate of  5.00% for 3 years
  • Variable interest rate of 6.48% 

For other clients EUR/MKD

  • Fixed interest rate of 5.50% for 3 years
  • Variable interest rate of 7.20% for the following years
Secured by deposit in the amount of 30,000 EUR/ 1,800,000 MKD
  • 2.50 p.p margin above the deposit interest rate

For amount over 30,001 EUR / 1,800,001 MKD

  • 2.00 p.p margin above the deposit interest rate

Additional costs related to the loan application

  • application cost in the amount of 600 MKD
  • application cost for loans secured with mortgage in the amount of 1.25% - only if the application is approved
  • application cost for loans secured with deposit in the amount of 0.50% - only if the application is approved
  • appraisal fee in the amount of 500 MKD / 5,000 MKD depending on the location of the real estate – only if the application is approved
  • Notary public fee – only if the application is approved
  • 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
    • 3% of the amount of the remaining debt provided that the settlement is made in the first 20% of the initially approved repayment period

Loan criteria

  • Individuals, residents
  • Minimum salary
  • 9.100 MKD for each participant individually
  • The client shall be 20 years of age as of the date of application and maximum 70 years of age as of the date of loan settlement
  • If a co-borrower is included in the application, for clients receiving salary/pension on a SB account, the age limit may be extended up to 75 years old as of the date of loan settlement
  • Requirements for co-borrower:
    • to be a member of the immediate family
    • other person who is 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
  • Requirements for Individuals employed abroad, citizens of the RNM
  • Loan borrowers or co-borrowers may be accepted as such provided that they are members of the immediate family and are employed in the Republic of North Macedonia. They should also submit an Employment Contract and the latest annual tax statement submitted to the tax authority in the country where they are employed (the documents have to be translated by an authorized translator).

Documentation

  • Signed consumer loan application form and a consent for verification at the Macedonian Credit Bureau  
  • For clients receiving salary/pension on a SB account:
    • transaction account statements for the last 3 months
    • Certificate of Employment, signed and certified not older than 30 days
  • Birth Certificate/ Marriage Certificate of the borrower/co-borrower/(in a notary procedure)
  • 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
  • Additional documentation required by the bank
Search

Faq

24 hours CONTACT CENTER

For further information, please contact