Car loan in euros
Loans for the purchase of new and used vehicles, indexed in euros 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.
Minimum participation 30% of the purchase price of the vehicle
Security instruments:
- Two exchange bills
- 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 to 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 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.
Interest rates and costs
| Car loan in euros | |
|---|---|
| The borrower has the option of choosing between a fixed and a variable interest rate: | |
| The fixed interest rate | 10,50% - remains in effect from the moment of contracting until the final repayment of the loan. |
| The variable interest rate | 4,40%+6M Euribor - is adjusted every 6 months depending on the movement of the 6M Euribor |
| Other costs borne by the client | |
| 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 of a loan with a variable interest rate
| Type of loan | Consumer loan for buying a car |
| Currency loan | Dinar loan with a currency clause, indexed in euros (with the application of the middle NBS exchange rate for the payment and repayment of the loan) |
| Deposit | No deposit |
| Participation | The minimum down payment is 30% of the purchase price of the vehicle |
| Loan amount | 8,000 euros |
| Repayment period/installment number | Up to 84 months |
| Nominal interest rate (annual, variable) | 7.03% + 6M Euribor, on January 8, 2025. is 2.631% |
| Monthly payment | 120 euros |
| Effective interest rate (as of January 8, 2025) | From 7.12% |
| Total loan amount with interest | 10,101.74 euros |
| Other costs: | |
| The cost of issuing a credit bureau report | 246 dinars |
| The cost of establishing a pledge on the vehicle | 2.000 dinars |
| Bills of exchange cost | 100 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 with a currency clause, indexed in euros (with the application of the middle NBS exchange rate for the payment and repayment of the loan) | |
| Deposit | No deposit | |
| Participation | The minimum down payment is 30% of the purchase price of the vehicle | |
| Loan amount | 8,000 euros | |
| Repayment period/installment number | Up to 84 months | |
| Nominal interest rate (annual, fixed) | 10.5% | |
| Monthly payment | 132.89 euros | |
| Effective interest rate (as of January 8, 2025) | From 10.6% | |
| Total loan amount with interest | 11,184.50 euros | |
| Other costs: | ||
| The cost of issuing a credit bureau report | 246 dinars | |
| The cost of establishing a pledge on the vehicle | 2,000 dinars | |
| Bills of exchange cost | 100 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. | ||
