Maturity

Up to 7 years

Interest rate

Without deposit, with participation:

• with 30% deposit - 7% annually (RTE 7,57%)
• with 10% deposit – 7,5% annually (RTE 8,10%)

Costs

• 1% of the approved amount
• For preterm repayment of the loan - 0% if the outstanding amount is at least 20% of the total loan amount.

Procedure

The amount is transfered to the account of the car dealer after receiving of an invoice and proof of participation payment.

Rights of usage

Employees that receive their salary through Ohridska Banka, employees of the budget or public enterprises and companies acceptable for the bank.

Collateral

One or several of the following:

• Pledge of the car with casco insurance vinculated in favour of the bank
• Signed bill of exchange
• Administrative ban
• Non interest money deposit.