Loan used to close liabilities in banks and other MKD companies
Loan amount
300 KM - 50.000 KM
Repayment
60 months
Loan processing fee
10.000 KM - 2% of approved loan (min. 20 KM)
10.001 - 50.000 KM - 1% of approved loan (min. 20 KM)
Interest rate
Regular interest: 20,5% fixed
Default interest: 10%
Grace period
No
Additional costs
Bill of exchange 5,00 KM · Certification 4,00 KM
EKS*: 23,13%-64,50%
Example of Effective Interest Rate Calculation (EKS)
| Type of loan | Loan amount | Repayment | NKS | Processing costs | EKS |
|---|---|---|---|---|---|
| Credo Plus | 10.000,00 KM | 36 months | 20,50% | 2% (min. 20,00 KM) | 24,39% |
* 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 PLUS | |||||
|---|---|---|---|---|---|
| Loan amount | 12 months | 24 months | 36 months | 48 months | 60 months |
| 1.000,00 | 92,90 | 51,10 | |||
| 5.000,00 | 464,40 | 255,70 | 187,10 | ||
| 10.000,00 | 928,70 | 511,40 | 374,20 | 307,00 | 267,70 |
| 15.000,00 | 1.393,20 | 767,10 | 561,30 | 460,50 | 401,60 |
| 20.000,00 | 1.857,50 | 1.022,80 | 857,60 | 614,00 | 535,50 |
| 30.000,00 | 2.786,20 | 1.534,20 | 1.122,60 | 920,90 | 803,20 |
| 50.000,00 | 4.643,70 | 2.557,00 | 1.870,90 | 1.234,90 | 1.338,60 |
* 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.