Loans for vehicle registration
HOW TO GET LOANS FOR VEHICLE REGISTRATION?
The loan repayment period may be agreed for a period of up to 1 year. The loan is repaid in equal monthly installments in accordance with the Repayment Plan.
A vehicle registration loan is a dedicated loan without a loan repayment fee and without a nominal interest rate, while the effective interest rate depends on the loan amount, the repayment period and the costs that are included in the calculation of the loan.
Monthly annuities for individual loan amounts and repayment deadlines
| Value BAM | Payment period 3 m | Payment period 6 m | Payment period 9 m | Payment period 12 m |
|---|---|---|---|---|
| 500.00 | 166.66 | 83.33 | 55.55 | 41.66 |
| 1000.00 | 333.33 | 166.66 | 111.11 | 83.33 |
| 2000.00 | 666.66 | 333.33 | 222.22 | 166.66 |
| 3000.00 | 1000.00 | 500.00 | 333.33 | 250.00 |
| 4000.00 | 1333.33 | 666.66 | 444.44 | 333.33 |
If the Loan beneficiary MKD approves a loan in the amount of KM 500.00 with a repayment period of 10 months at a nominal interest rate of 0.00% per annum and a loan processing fee of KM 10.00 from the amount of the loan, which would was secured with a bill signed by the borrower, then the effective interest rate would be 2.22% per annum and the monthly annuity: 50.00 KM.