Car loan in dinars
Loans for the purchase of new and used vehicles, in dinars without a currency clause, with a repayment term of up to 7 years.
Loan conditions
Loan amount from EUR 2,000 to EUR 25,000 in dinar equivalent at the mid-rate of the NBS.
Without participation for loans up to 8,000 euros in dinar equivalent.
For loan amounts above 8,000 euros in dinar equivalent, a minimum participation of 20% of the purchase price of the vehicle is required.
Security instruments:
- Two bills of exchange
- Pledge on the vehicle that is the subject of purchase (the loan user bears the costs of establishing a pledge on the vehicle, which amount from 2,000 to 5,000 dinars, depending on the amount of the approved loan).
- For loans over EUR 10,000 in dinar equivalent, vehicle insurance policy linked in favor of the bank (the loan user bears the costs of vehicle insurance).
Who can apply
Potential loan beneficiaries should have a minimum of one year of work experience and six months with their 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 borrower can buy a vehicle for a close family member in whose name the vehicle will be registered.
Interest rates and costs
| Car loan in dinars | |
|---|---|
| The borrower has the option of choosing between a fixed and a variable interest rate: | |
| The fixed interest rate | 11,95% - remains in effect from the moment of contracting until the final repayment of the loan |
| The variable interest rate | 4,50%+6M Belibor - is adjusted every 6 months depending on the movement of 6M Belibor |
| Other costs | |
| The cost of the credit bureau report | 246 dinars |
| The cost of exchange bills (two bills) | 100 dinars |
| The cost of the pledge | from 2,000 to 5,000 dinars, depending on the amount of the loan |
| The cost of comprehensive insurance | depending on the insurance company and the value of the vehicle |
A representative example for loans with a variable interest rate
| Type of loan | Consumer loan for buying a car | |
| Currency loan | Dinar loan without currency clause | |
| Deposit | No deposit | |
| Participation | Without mandatory participation for loan amounts up to EUR 8,000 in dinar equivalent, and over the stated amount, minimum 20% | |
| Loan amount | 800,000 dinars | |
| Repayment period/installment number | Up to 84 months | |
| Nominal interest rate (annual, variable) | 4.5% + 6M Belibor, on January 8, 2025 is 4.73% | |
| Monthly payment | 12,812.63 dinars | |
| Effective interest rate (as of January 8, 2025) | From 9.34% | |
| Total loan amount with interest | 1,078,806.92 dinars | |
| Other costs: | ||
| The cost of issuing a credit bureau report | 246 dinars | |
| Bills of exchange cost | 100 dinars | |
| The cost of establishing a pledge on the vehicle | 2,000 dinars | |
| The cost of comprehensive vehicle insurance | Clients are only required to provide comprehensive vehicle insurance for loans over 10,000 euros, equivalent in dinars. The amount of comprehensive vehicle insurance depends on the specific insurance company. | |
| You can get a detailed offer for other loan amounts in all Adriatic Bank branches. | ||
A representative example for loans with a fixed interest rate
| Type of loan | Consumer loan for buying a car | |
| Currency loan | Dinar loan without currency clause | |
| Deposit | No deposit | |
| Participation | Without mandatory participation for loan amounts up to EUR 8,000 in dinar equivalent, and over the stated amount, minimum 20% | |
| Loan amount | 800,000 dinars | |
| Repayment period/installment number | Up to 84 months | |
| Nominal interest rate (annual, fixed) | 11.95% | |
| Monthly payment | 13,838.80 dinars | |
| Effective interest rate (as of January 8, 2025) | From 12.07% | |
| Total loan amount with interest | 1,165,005.20 dinars | |
| Other costs: | ||
| The cost of issuing a credit bureau report | 246 dinars | |
| Bills of exchange cost | 100 dinars | |
| The cost of establishing a pledge on the vehicle | 2,000 dinars | |
| The cost of comprehensive vehicle insurance | Clients are only required to provide comprehensive vehicle insurance for loans over 10,000 euros, equivalent in dinars. The amount of comprehensive vehicle insurance depends on the specific insurance company | |
| You can get a detailed offer for other loan amounts in all Adriatic Bank branches. | ||
