Pensioner Loans
About pensioner loan
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 78 at the time of repayment of the final installment. Loan is approved with repayment period up to 10 years in amount up to € 20.000.
Even up to € 20 000 with life insurance policy.
Maturity: Up to 120 months
One-off payment to the Adriatic Bank account
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 confirmation about the salary
Decision on administrative bans certified 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
Credit calculator
Detailed data
| Pensioner Loans Loan - Representative example | |
|---|---|
| Annual nominal interest rate (NIS) | 8,49% |
| Annual effective interest rate (EIR) | 9,73% |
| Loan processing fee (charged one-off upon loan disbursement) | - For loans up to €5,000, they will process loans free of charge - For loans from €5,001 to €20,000, they will process loans with a fee of €50.00 per loan batch - For loans of €20,001, they will process loans with a fee of €100.00 per loan batch |
| Fee for data use from the CBCG credit register | 3.00 € |
| Annual penalty interest | 24% |
| Maturity period | Up to 120 months |
| Representative Example: | For a loan in the amount of €10,000.00 and a repayment term of 120 months, an approval fee in the amount of €50, including administrative costs (two promissory notes: €4.00 and a fee for viewing the CBCG credit register: €3.00) and the cost of a life insurance policy in the amount of €400.00, intercalary interest €22.35, nominal interest rate (NKS) is 8.49%, while the effective interest rate (EKS) is 9,73%. The sum of the total amount of the loan and the total amount of known loan costs is €15,151.30, and the monthly annuity is €122.26. Calculation date 21.08.2026. year. |