Credit to improve living conditions
Loan amount
300 KM - 50.000 KM
Repayment
do 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: 21% fixed
Default interest: 10% fixed
Grace period
No
Additional costs
Bill of exchange 5,00 KM · Certification 4,00 KM
EKS*: 23,74%-65,26%
Example of Effective Interest Rate Calculation (EKS)
| Type of loan | Loan amount | Repayment | NKS | Processing costs | EKS |
|---|---|---|---|---|---|
| Credo Standard | 5.000,00 KM | 36 months | 21,00% | 2,00% (min. 20,00 KM) | 25,06% |
| Credo Standard | 10.000,00 KM | 60 months | 21,00% | 2,00% (min. 20,00 KM) | 24,35% |
| Credo Standard | 20.000,00 KM | 60 months | 21,00% | 1,00% (min. 20,00 KM) | 23,75% |
* 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 STANDARD | |||||
|---|---|---|---|---|---|
| Loan amount | 12 months | 24 mjeseca | 36 months | 48 months | 60 months |
| 1.000,00 KM | 93,10 | 51,40 | |||
| 3.000,00 KM | 279,30 | 154,20 | 113,00 | ||
| 5.000,00 KM | 465,60 | 256,90 | 188,40 | 154,80 | |
| 10.000,00 KM | 931,10 | 513,90 | 376,80 | 309,70 | 270,50 |
| 15.000,00 KM | 1.396,70 | 770,80 | 565,10 | 464,50 | 405,80 |
| 20.000,00 KM | 1.862,30 | 1.027,70 | 753,50 | 619,30 | 541,10 |
| 30.000,00 KM | 2.793,40 | 1.541,60 | 1.130,30 | 929,00 | 811,60 |
| 40.000,00 KM | 3.724,60 | 2.055,40 | 1.507,00 | 1.238,60 | 1.082,10 |
| 50.000,00 KM | 4.655,70 | 2.569,30 | 1.883,80 | 1.548,30 | 1.352,70 |
* 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.