Pricing

Interest rates

Repayment

Equal monthly annuity.

• For all SB transaction account holders, repayment is possible with a standing order or through SB digital services.

Charges

• Applicative fee MKD 600 for all clients
• MKD 2000 processing fee, included in loan amount
• Notary solemnization for loans above MKD 920.000 / EUR 15.000
• Consent from spouse for loans between MKD 610.000 – MKD 920.000

Criteria and documentation

Criteria:

• The beneficiary user of the loan may be an unemployed and in that case any person acceptable to the Bank may apply as a loan applicant, while the beneficiary user must be included in the loan as a co-borrower.
• The beneficiary user can be min. 18 years old and max. 35 years old on the day of application
• If the beneficiary user is a person aged 18 or 19, the inclusion of a co-borrower is mandatory
• Own contribution: Minimum 15% of the amount of the pro-invoice for loans in the amount of over MKD 1,200,000 / EUR 20,000
• 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).

Co-borrower, in addition to a person who is a member of the immediate family (parent, child, spouse), can also be a person who meets the following conditions:

• to be a client with a salary in SB, or
• to be a client with an existing credit product in SB or another bank, with a good credit history

Required documents when applying

• Application for consumer credit (for the loan applicant and co-borrowers)
• Pro-invoice from the seller of the products / services
• Copy of ID card or passport (for the borrower, co-borrowers and the mortgage debtor)
• For clients who receive a salary at SB, only a transaction account statement for the last 6 months is required for all others: Pension check / Certificate of regular employment, certified and signed by authorized persons at the employer (not older than 30 days), and if necessary, other documents as proof of the amount of monthly income for 6 months.
• Birth certificate (not older than 6 months) / marriage certificate issued by the RSM (for the borrower and co-borrowers) – only for loans with Notary solemnization
• Consent to submit a report from the Macedonian Credit Bureau AD Skopje (for the borrower and co-borrowers)
• Other documents at the request of the Bank