Loan for refinancing in dinars
Adriatic Bank offers you the possibility to refinance your credit obligations according to permitted overdrafts, credit cards and loans from other banks.
Take advantage of the combined offer:
Only one monthly installment which can be lower than the current total monthly installments
Easier and simpler settlement of obligations
Fast approval process
Longer repayment period
Choice between fixed and variable interest rates
Loan conditions
Amount: from 1,000 to 12,000 Euros in dinars at the middle rate of the NBS on the day the loan is disbursed
Repayment term: from 12 to 71 months
The loan is in dinars, without a currency clause.
Purpose: Refinancing of existing debts - cash and consumer loans, permitted overdraft and credit card obligations.
Collateral: the minimum security for the loan is the client's promissory note, while one creditworthy guarantor is required for loan amounts over EUR 6,250, and if the client's DTI ratio is below 50%, a creditworthy guarantor is required for amounts over EUR 10,000.
No fee for processing the loan application and no obligation to transfer earnings through an account in Adriatic Bank.
Who can apply
Potential users of the loan should have a minimum of one year of work experience for an indefinite period and six months with the last employer. The above must also apply to any guarantor.
The loan beneficiary and the guarantor cannot be pensioners at the same time.
A loan can be granted to a client who has not been in arrears for more than 30 days continuously or a total of 60 days in the last 12 months.
The minimum amount of net monthly average salary/pension is 20,000 dinars.
Interest rates and costs
| Loan for refinancing in dinars | |
|---|---|
| You can choose between fixed and variable interest rates: | |
| the fixed nominal interest rate | is 14.50% per annum, and the effective interest rate is 14.55% per annum (as of July 23, 2024). |
| the variable nominal interest rate | is 6.5% + 6M Belibor, which as of July 23, 2024, is 5.27% per year. The variable part of the interest rate is adjusted every six months in accordance with the movement of 6M Belibor. The effective interest rate, calculated on July 23, 2024, is 11.79% per year. |
A representative example for a refinancing loan in dinars with a fixed interest rate
| Type of loan | Dinar loan for refinancing | |
| Currency loan | In dinars, without currency clause | |
| Deposit | No deposit | |
| Loan amount | 300,000 dinars | 600,000 dinars |
| Repayment period/installment number | 71 months | 71 months |
| Monthly payment | 6,177 dinars | 12,354 dinars |
| Total loan amount with interest | 438,920 dinars | 877,494 dinars |
| Nominal interest rate (annually, fixed) | 14.5% | 14.5% |
| Effective interest rate (on an annual basis) as of July 23, 2024. | of 14.55% | of 14.55% |
| Costs borne by the user | ||
| The cost of a Credit Bureau report | 246 dinars | 246 dinars |
| Total cost of two bills | 100 dinars | 100 dinars |
| You can get a detailed offer for other loan amounts in all Adriatic Bank branches. | ||
A representative example for a refinancing loan in dinars with a variable rate
| Type of loan | Dinar loan for refinancing | |
| Currency loan | In dinars, without currency clause | |
| Deposit | No deposit | |
| Loan amount | 300,000 dinars | 600,000 dinars |
| Repayment period/installment number | 71 months | 71 months |
| Monthly payment | 5,795 dinars | 11,590.50 dinars |
| Total loan amount with interest | 411,791 dinars | 823,271.50 dinars |
| Nominal interest rate (annually, variable) | 6.5% + 6M Belibor, which as of July 23, 2024, amounts to 6.27% per annum | 6.5% + 6M Belibor, which as of July 23, 2024, amounts to 6.27% per annum |
| Effective interest rate (on an annual basis) as of July 23, 2024. | 11.79% | 11.79% |
| Costs borne by the user | ||
| The cost of a Credit Bureau report | 246 dinars | 246 dinars |
| Total cost of two bills | 100 dinars | 100 dinars |
| You can get a detailed offer for other loan amounts in all Adriatic Bank branches. | ||
