alt=”Overview of interest rates for retail loans” title=”Overview of interest rates for retail loans”/>

Overview of interest rates for retail loans

Overview of interest rates for retail loans

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Retail loans

Name of productRepayment (max)Nominal interest rate
(starting from)
EKS
(starting from)
Type of interest rate
General-purpose loans12 months1,00%2,26%Fixed
General-purpose loans120 months4,69%6,17%Variable
Housing loans60 months2,99%3,45%Fixed
Housing loans360 months3,80%3,98%Variable
For purchase of business premise240 months4,99%5,32%Variable
Housing PLUS120 months2,99%3,45%Variable
Housing PLUS360 months3,80%3,98%Variable
Loans for car purchase84 months4,79%6,99%Variable
Loans for pensioners120 months5,99%6,92%Fixed
Mortgage loans120 months4,99%5,58%Fixed
Mortgage loans120 months3,70%4,19%Variable
Mortgage loans240 months4,59%4,96%Variable
Lombardn loans120 months2,00%2,60%Fixed

* Effective interest rates (EIR) for loans with mortgage are calculated for the maximum amount and the given maturity of the loan for Bank’s clients, taking into consideration all costs that can fall as burden to loan user (fee for maintaining current account, fee for processing and maintaining of loan, fee for Central Loan Registry report, costs of bills of exchange, verification of required documentation and insurance policies, as well as of estimated values of real estate, and public notary expenses).

* Effective interest rates (EIR) for loans without mortgage are calculated for the maximum amount of 50.000 KM and the given maturity of loan for Bank’s clients, taking into consideration all costs that can fall as burden to loan users (fee for maintaining current account, fee for processing and maintaining of loan, fee for Central Loan Registry report, costs of insurance policy, costs of bills of exchange, as well as of verification of required documentation).

Loans are approved with fixed or variable interest rate for up to 10 years in KM currency. 

Over 10 years of repayment, loans are approved with variable interest rate and the currency clause in EUR according to valid exchange rate list of the Central Bank on the day of loan using.


Penalty interest rate

For due unpaid receivables of the Bank for retail loans, the Bank for the period from maturity of receivables until their paying calculates and collects penalty interest rate (interest by maturity). The amount of interest rate is defined by the Law on amount of interest rate and is subject to change in accordance with changes of the Law on amount of interest rate or other regulations that regulate the amount of penalty interest rate. 

Penalty interest for retail placements is calculated in the amount of legal penalty interest rate, except for placements where the nominal interest rate is larger than legal penalty interest rate, For retail placements, where the nominal interest rate is larger than legal penalty interest rate, the calculation of penalty interest rate is made in the amount of nominal interest rate. 

Penalty interest is calculated based on real number of days in a year (365/366 yearly) by applying compound method and declining-balance depreciation calculation.