Non-purpose cash loans - Model 1

These are offered to customers whose operating with the Bank, in accordance with ruling regulations and internal rules of the Bank, is of a permanent character and who are obliged to maintain the same status throughout the loan repayment term.

A creditworthy person is one whose monthly repayment installment  does not  exceed 1/3 of his permanent monthly income. To the customer's creditworthiness can be added other creditworthy persons in the capacity of co-debtors.

A contracted amount of loan guaranteed is put into circulation with a transfer to a current account or to a borrower's savings book.

Loan repayment is contracted in monthly installments.

Premature repayments (partly or complete) can be done with the Bank's consent.

The MODEL 1 non-purpose loans can be used by customers whose operating with the Bank is of a permanent character and permanently in order and who are  obliged to maintain such a position throughout the loan repayment term.

Loans with a 13,9% annual interest rate are granted to citizens not having a saver's status 

The basic prerequisites for getting a loan are a valid proof of the customer's monthly income being regular  (a salary, a pension, a  tax base and similar) as well as  of his  creditworthiness.
The creditworthiness is assessed by calculating  the average monthly amount of his non burdened income so that repayment installment does not exceed 1/3 of  his permanent monthly income.

The borrower can guarantee the fulfillment of creditworthiness prerequisites by including a co-debtor whose average non- burdened  monthly income, together with the borrower's income, satisfy a 1/3  ratio of monthly installments to non-burdened income.

At assessing  the borrower's creditworthiness, for establishing the neatness of the payment of salaries in  last 6 months,  the Banks' expert offices can require a proof of the solvency of company that employs  the debtor or the co- debtor. In case the debtor of the co- debtor are employed by small entrepreneurs, the Banks' expert offices can  require sending annual or semi annual statistical reports as well as BON-2 documents.

In case the sum of  borrower's age and the length  of repayment term exceeds 75 years, the loan user must get himself an additional co-debtor.

In order  to secure  loan repayment,  apart from the administrative ban on permanent income  the borrower must present a blank signed bill of exchange and a Declaration on Consent on Confiscation  certified by a notary public.