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 5 years in amount up to 20.000 EUR without guarantors. There is possibility of loan approval without life insurance policies.
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
Annual nominal interest rate (NIR)
7.95% – 8.95% (depending on having the insurance policy as a collateral)
Annual effective interest rate (EIR)
Loan processing fee (charged one-off upon loan disbursement)
0,50 % – 1,00 %
Fee for data use from the CBCG credit register
Fee for premature loan repayment
1.00% of the loan amount that is prematurely repaid if the period between the day of early repayment and maturity date from the loan agreement is longer than 12 months and only for amounts higher than EUR 10,000.00.
0.50% of the loan amount that is prematurely repaid if the period between the day of early repayment and the maturity date from the loan agreement is not longer than 12 months and only for amounts higher than EUR 10,000.00.
Annual penalty interest
Nominal increased for 50%
Up to 60 months
For the loan amount of EUR 1,375.00 and a repayment period of 48 months, an approval fee of 1.50% and included administrative costs (two bills of exchange: € 4.00 and a fee for access to the CBCG credit register: € 3.50), the nominal interest rate (NIR) is 9.00% while the effective interest rate (EIR) is 10.17%. The sum of the total loan amount and the total amount of known loan costs is EUR 1,659.45 and the monthly installment is EUR 33.99.