Hypo bank offered loans for procurement of used vehicles

Starting today (March 25, 2008), Hypo Alpe Adria bank Belgrade will be approving car loans with different, significantly more favorable terms. The citizens can take loans for procurement of new motor vehicles, worth up to 50,000 EUR, as well as used automobiles whose values do not exceed 25,000 EUR, no matter how old the vehicles are.

The bank approves the loans of up to 10,000 EUR, that is, 16,000 CHF, without endorsers, guarantees and obligatory Casco insurance.

Nominal interest rate for this type of loan is 8.50% on annual basis (EIR from 10.94%) if loan is indexed in CHF, and 9.50% on annual basis (EIR from 12.26%) if loan has clause in EUR, for the clients who have checking accounts in Hypo bank. The maximum loan repayment period is 7 years.

Hypo car loans enable procurement of passenger motor vehicles from juristic persons, on the basis of proforma invoice issued by the authorized seller of automobile, and from physical persons on the basis on the contract signed by physical persons.