Product description
Adriatic Bank Pensioner loan with life insurance policy is a non-purpose cash loan. Clients may be pensioners with a regular retirement income, who are not older than 75 at the time of repayment of the final installment. Loan is approved with repayment period up to 7 years in amount up to 20.000 EUR without guarantors. There is possibility of loan approval without life insurance policies.
- Even up to 20 000 EUR without guarantors with life insurance policy.
- Maturity: Up to 84 months
- One-off payment to the Adriatic Bank account
Loan calculator
Loan calculator is for information only where total repayment amount includes only interest cost. All other expenses included in the loan processing are presented within representative example.
Conditions for loan approval
- Total monthly financial burden of the client, including the new loan must not exceed 50% of the net pension
- That Loan user is having an opened account in Adriatic Bank
Necessary documentation
- Duly fulfilled and signed Loan application form
- Verified and signed income confirmation
- Two administrative bans verified by the Pension and Disability Insurance Fund
- Signed consent for inquiry into Credit register
- Evidence of paid fee for application in the Credit register
- A copy of passport or ID card with phone numbers and address (original document to be presented)
- Other documentation upon the request
Detailed information
Pensioner loans | |
|---|---|
Annual nominal interest rate (NIR) | 6.95% – 8.95% (depending on having the insurance policy as a collateral) |
Annual effective interest rate (EIR) | 7.79 % |
Loan processing fee (charged one-off upon loan disbursement) | 0,50 % – 1,00 % |
Fee for data use from the CBCG credit register | 3.00 EUR |
Annual penalty interest | Nominal increased for 50% |
Maturity period | Up to 84 months |
Representative example | For the loan amount of EUR 10,000.00 and a repayment period of 84 months, an approval fee of 0.50%, included administrative costs (two bills of exchange: € 4.00 and a fee for access to the CBCG credit register: € 3.00) and the life insurance policy cost in the amount of €200.00, the nominal interest rate (NIR) is 6.95% while the effective interest rate (EIR) is 7.79%. The sum of the total loan amount and the total amount of known loan costs is EUR 12,871.64 and the monthly installment is EUR 149.65. |