Hypo Alpe-Adria bank introduced new terms for cash loans

Hypo Alpe-Adria-Bank AD Belgrade has introduced new terms for approval of cash loans to physical persons. The terms are applied in accordance with the new measures of monetary policy of the National Bank of Serbia.

Thus, one has to pay obligatory deposit in amount of 20% of the approved amount of credit in euros for cash loans with maximal amount of €10,000 and the repayment period of up to 6 years, as well as for mortgage loans.

Nominal interest rate is 12% on annual basis, variable, with proportional accounting method, while the effective interest rate ranges from 14.96 to 18.27% for the owners of checking accounts in Hypo Alpe-Adria-Bank Belgrade.

For users of checking accounts in the bank, in case of the loan whose amount does not exceed €5,000, the guarantors are not necessary, whereas for credits amounting to 5,001 - 10,000 EUR, only one guarantor is required. The annuity cannot be bigger than 30% of personal monthly incomes, while the required minimal monthly salary is €200 for physical person who have checking accounts in this bank and €250 for the others.

More details on : www.hypo-alpe-adria.co.yu