Greek Piraeus bank in Serbia started to approve loans for vacations

New summer banking product on the Serbian market has been offered by Piraeus bank. It is the loan for vacation, which will be approved in amount of 500 - 3,000 EUR. The first installment will be collected after three months. The repayment period is 40 months.

The endorsers are not needed for this summer variant and there are no processing fees or expenses. It is neccessary to pay deposit of 20%. If the client provides the deposit, the effective interest rate is 14.68%, but if the bank provides the deposit for the client, the interest rate amounts to 17.02%. There is interest rate of 1.5% on annual basis on deposit.