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).
- 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 minimum amount of net monthly average salary/pension is 20,000 dinars.
- The borrower can buy a vehicle for a close family member in whose name the vehicle will be registered.
- The borrower has the option of choosing between a fixed and a variable interest rate:
- The fixed interest rate remains in effect from the moment of contracting until the final repayment of the loan
- The variable interest rate 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
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 July 23, 2018 is 7.56% | |
Monthly payment | 12,198 dinars | |
Effective interest rate (as of July 23, 2018) | From 7.74% | |
Total loan amount with interest | 1,024,927 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.
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) | 14.5% | |
Monthly payment | 14,828 dinars | |
Effective interest rate (as of July 23, 2018) | From 14.71% | |
Total loan amount with interest | 1,246,125 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.