Credits / Loans

Credit beneficiary: Any private individual being citizen of Bosnia and Herzegovina who is having regular monthly income applying for termination of loan, not being in category lower than B within the Bank or other financial institutions, and with paid minimum 12 annuities according to the regular repayment plan, and in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

	Period	Interest rate kind	Interest rate value	EIR
Shortterm loan	Up to 1 year	fixed	5,00%	8,27%
Long term loan	Over 1 -10 years	fixed	7,00%	7,46%
			6,50% For customers who have a current account with the Bank and directed monthly income on it during last 6 months for all amounts and repayment terms	7,50%

Credit beneficiary: Any private individual citizen of Bosnia and Herzegovina, who is having regular monthly income and in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

	Period	Interest rate kind	Interest rate value	EIR
Shortterm loan/ Longterm loan	up to 20 years	fixed	6,00%	6,33%

Collateral:

• For loan amounts of up to BAM 25,000 and repayment periods of 5 years: administrative ban to the credit beneficiary, standing order, and bill of exchange with a monthly statement;
• For loan amounts over BAM 25,000 to 40,000 and all repayment periods: administrative ban to the credit beneficiary, standing order, bill of exchange with a monthly statement, Insurance Policy (combined) ceded to the Bank, whereby the Bank reserves the right to request additional collateral and/or co-debtor;
• For loan amounts over BAM 40,000 and all repayment periods: mortgage in the ratio of 1.5:1 related to the loan amount, whereby the Bank reserves the right to request additional collateral, administrative ban to the credit beneficiary, standing order, bills of exchange.

Payment:

• Purchase of real estate/housing units/office space: the Bank is making payment on the Seller's account after the constitution of security instrument. Part of the loan up to max. BAM 10,000 will be paid on the loan applicants Bank account.
• Construction, reconstruction and adaptation of the real estate: loan is paid on the contractor’s account according to the bill for building materials value up to max. 75% of the loan, and the rest in cash or on the account of the credit beneficiary as opened with the Bank for other unscheduled costs incurred during construction works. The deadline for the loan disbursement is 90 days from the first installment.
• Refinancing of existing obligations: existing obligations are closed by credit instruments under the housing loan with the Bank / other commercial banks.

Credit beneficiary: Any private individual being citizen of Bosnia and Herzegovina, that has enrolled a full-time / part-time undergraduate / postgraduate study at one of higher education institution in Bosnia and Herzegovina, in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

Purpose of loan: payment of tuition costs at the higher education institution

Period

Interest rate kind

Interest rate value

EIR

Loan without grace period

Up to 5 years

fixed

5,35%

6,46%

Loan with grace period

Up to 12 years

fixed

7,00%

8,15%

Napomena:

*EIR calculated on maximum amount and maximum loan repayment period. It also includes following costs:

the nominal interest rate, fee for loan application, the cost of buying a promissory note, the cost of certification permission of the seizure and the cost of credit insurance.

In the case of loans secured by mortgages, in the effective interest rates fall and the cost of property insurance and the cost of a mortgage except for notary costs.

Collateral:

• For loan amounts of up to BAM 20,000 and repayment periods of 3 years: administrative ban to the credit beneficiary, standing order, and bill of exchange, Life Insurance Policy ceded to the Bank for the whole repayment period.
• For loan amounts over BAM 20,000 to 40,000 and all repayment periods: administrative ban to the credit beneficiary, standing order, bill of exchange, Insurance Policy (combined) ceded to the Bank.

For loans with a grace period is mandatory that the credit beneficiary or co-borrower to direct montly incomes on Bank current account for the entire period of repayment.

Payment: loan is paid on the account of higher education institution in Bosnia and Herzegovina

Credit beneficiary: Any private individual citizen of Bosnia and Herzegovina, who is having regular monthly income in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

	Period	Interest rate kind	Interest rate value	EIR
Shortterm loan/ Longterm loan	Up to 7 years	fixed	6,95%	7,35%

*EIR calculated on maximum amount and maximum loan repayment period.

Collateral:

• For loan amounts of up to BAM 40,000 and all repayment periods: administrative ban to the credit beneficiary,approval on the seizure, standing order, bill of exchange with bill of exchange declaration, deposit of securities 2:1 (traded on the SASE), credit beneficiary insurance policy tied to the Bank by the Bank's right to request additional security and / or co-guarantees.
• For loan amounts over BAM 40,000 and all repayment periods: mortgage in the ratio of 2:1 relative to the amount of the loan with a Bank's right to require additional security, administrative ban, the agreement on the seizure, standing order, bill of exchange with bill of exchange declaration.

Payment: the loan is paid at the expense of a professional broker / brokerage firm with which the client has a contract for the trade of securities, by the completion of purchase orders for SASE and receipt of the calculation for the completed transaction.

Credit beneficiary: Any private individual, citizen of Bosnia and Herzegovina, who is having regular monthly income in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

Period

Interest rate kind

Interest rate value

EIR

For purchasing a new vehicle

/for all maturities

Up to 7 years

fixed

7,97%

9,21%

For buying a secondhand vehicle

/for all maturities

Up to 5 years

fixed

8,47%

9,85%

Important:

* EIR is calculated on the maximum amount and the maximum loan repayment period and it includes:

the nominal interest rate, fee for loan application, the cost of buying a promissory note, the cost of certification permission of the seizure and the cost of credit insurance.

In the case of loans secured by mortgages, in the effective interest rates fall and the cost of property insurance and the cost of a mortgage except the cost of notary.

Collateral:Fo all loan amounts and repayment periods: administrative ban, approval on the seizure, standing order, bill of exchange with bill of exchange declaration, lien on movable property which is the subject of purchase, premium insurance policy for the purchased vehicle for the whole repayment period, with the Bank's right to request additional collateral.

Payment: paid to the account of the vehicle seller

Credit beneficiary: Any private individual citizen of Bosnia and Herzegovina, who is having regular monthly income and in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

Period

Interest rate kind

Interest rate value

EIR

Shortterm loan/

Longterm loan

Up to 10 yeaars

fixed

8,00%

8,58%

Important:

* EIR is calculated on the maximum amount and the maximum loan repayment period and it includes:

the nominal interest rate, fee for loan application, the cost of buying a promissory note, the cost of certification permission of the seizure and the cost of credit insurance.

In the case of loans secured by mortgages, in the effective interest rates fall and the cost of property insurance and the cost of a mortgage except the cost of notary.

Collateral:

• Mortgage in the ratio of 2:1 related to the loan amount, whereby the Bank reserves the right to request additional collateral;
• Insurance policy pledged real estate ceded to the Bank;
• Administrative ban to the credit beneficiary;
• Standing order;
• Bills of exchange.

Payment: loan is paid to the applicant's Bank account

Credit beneficiary: : Any private individual citizen of Bosnia and Herzegovina, who is having regular monthly income and paid special purpose deposit in the Bank, in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

Period

Interest rate kind

Interest rate value

EIR

Shortterm loan/

Longterm loan

Up to 10 years

fixed

2,85%

2,89%

Important:

* EIR is calculated on the maximum amount and the maximum loan repayment period and it includes:

the nominal interest rate, fee for loan application, the cost of buying a promissory note, the cost of certification permission of the seizure and the cost of credit insurance.

In the case of loans secured by mortgages, in the effective interest rates fall and the cost of property insurance and the cost of a mortgage except the cost of notary.

Collateral:

• Standing order;
• non-purpose deposit 100%.

Payment: loan is paid to the applicant's Bank account

Releasing purpose deposit: With possibility of partially release of deposit, of up to the amount of non-payed loan, during the repayment.

Credit beneficiary: Any private individual, pensioner, user of foreign pension, citizen of Bosnia and Herzegovina, no older than 70 years on the date of maturity of the loan and in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures.

	Period	Interest rate kind	Interest rate value	EIR
Shortterm kind	Up to 1 year	fixed	5,00%
Longterm loan	Over 1-5 years	fixed	6,50%

Important:

* EIR is calculated on the maximum amount and the maximum loan repayment period and it includes:

the nominal interest rate, fee for loan application, the cost of buying a promissory note, the cost of certification permission of the seizure and the cost of credit insurance.

In the case of loans secured by mortgages, in the effective interest rates fall and the cost of property insurance and the cost of a mortgage except the cost of notary.

Collateral:

• For all loan amounts and repayment periods of up to 3 years: 1 guarantor or Life Insurance Policy ceded to the Bank, administrative ban to the credit beneficiary certified blank administrative ban to the guarantor, standing order, and bills of exchange;
• For all loan amounts and repayment periods of over 3 years: administrative ban to the credit beneficiary, standing order, bills of exchange, Life Insurance Policy ceded to the Bank, whereby the Bank reserves the right to request additional collateral and/or co-debtor.

for all amounts and repayment terms: 1 guarantor, administrative ban to the credit beneficiary and certified blank administrative ban to guarantor, standing order, bill of exchange.

Payment: loan is paid to the applicant's Bank account

Credit beneficiary: : Any private individual citizen of Bosnia and Herzegovina, who is having regular monthly income in accordance with the basic criteria for the treatment of loan application of the customer within processing procedures, except where special agreement is made with the seller of goods / service provider.

Purpose of loan: purpose loan for buying of goods / service payments

	Period	Interest rate kind	Interest rate value	EKS
Shortterm loan/ Longterm loan	Up to 3 years	In particular, the (individual) contracts with the seller of the goods / service provider		0%

Collateral: agreed on a case by case basis

Payment: paid to the account of the seller of goods / service provider

In addition to a completed and certified application for credit, the following documents should be submitted:
• A certified copy of ID card (loan applicant, joint debtors, guarantors);
• CIPS certified copy of residency not older than 6 months (loan applicant, joint debtors, guarantors);
• Proof of regular income for the last 3 months (loan applicant, joint debtors, guarantors);
• Copies of two last utility bills (loan applicant).

For employees of companies with Ltd. form of organization additional documentation is required:
• Decision on registration of the company;
• Balance Sheet and Income Statement for two previous accounting periods;
• Card with deposited signatures;
• Specification of wage payment (certified by Tax Administration) for the last three months;
• M2 form.

Besides, when applying for a “Housing loan” it is necessary to submit:
• Real estate purchase contract certified by the notary.

When applying for a “Loan for the construction, reconstruction and adaptation of the real estate” it is necessary to submit:
• Proforma Invoice / bill of the contractor.

If, as a collateral, a lien (mortgage) on the real estate is offered, the following should be submitted:
• Proof of ownership of real estate (land registry extract not older than 7 days);
• Valuation of the real estate by a certified appraiser (not older than 6 months);
• Tax certificate (no older than 7 days).

Namjena kredita: Namjenski kredit za kupovinu robe/plaćanje usluga

Iznos kredita: do 3.000KM

Valuta: KM

Rok otplate: do 3 godina

Kamatna stopa: Posebno se (pojedinačno) ugovara s prodavcem robe/pružaocem usluga

Provizija: Posebno se (pojedinačno) ugovara s prodavcem robe/pružaocem usluga

Instrumenti obezbjeđenja: Posebno se (pojedinačno) ugovara s prodavcem robe/pružaocem usluga

Isplata: Na transakcijski račun prodavca robe/pružaoca usluge