Non-dedicated loan
Loan amount
3.000 KMRepayment
18 months
Loan processing fee
2% of approved loan (min. 20 KM)
Interest rate
Regular interest: 25.99% fixed
Default interest: 10%
Grace period
No
Additional costs
Bill of exchange 5,00 KM · Certification 4,00 KM
EKS*: 26,76%-65,26%
Example of Effective Interest Rate Calculation (EKS)
| Type of loan | Loan amount | Repayment | NKS | Processing costs | EKS |
|---|---|---|---|---|---|
| Credo Cash | 2.000,00 KM | 12 months | 25,99% | 2% (min. 20,00 KM) |
* The stated Effective Interest Rates (EIR) are calculated on maximum loan amounts and maximum repayment terms as well as on minimum loan amounts and minimum repayment terms.
Informative annuity calculation
| CREDO CASH | ||
|---|---|---|
| Loan amount | 12 months | 18 months |
| 500,00 KM | 47,76 | 33,84 |
| 1.000,00 KM | 95,53 | 67,68 |
| 2.000,00 KM | 191,05 | 135,36 |
| 3.000,00 KM | 286,58 | 203,04 |
* All credit products are linked to the EURO currency clause.
* MKD Credo Center presents / approves loans in KM indexed in EUR at the middle exchange rate of the CBBH on the day of drafting the contract.