The Bank’s services include offering special-purpose and non-purpose consumer loans. These loans are intended for all those who have a personal account with Loan and Credit and have received their regular income (employment pay or other regular income) for at least 3 months.
Special-purpose loan from Loan and Credit
The special-purpose loan from Loan and Credit is intended for clients of this bank who are looking for some way to finance their housing, how to secure funds for the reconstruction or renovation of an apartment, house. The special-purpose loan from Loan and Credit can also be used for the purchase of a new or used car, for the purchase of a construction landlord or for other expenses where the borrower is able to demonstrate to the bank the purpose of using the money.
Special-purpose loan – a bank loan from Loan and Credit is provided from USD 50,000. There is no upper limit for this consumer loan. How much the bank lends you money depends primarily on the purpose of using the provided funds and also on the individual assessment of the ability to repay the borrowed money.
The interest rate on this special-purpose loan from Loan and Credit ranges from 8.5%. You can borrow money from this bank for 12 – 60 months (ie from 1 year up to 5 years).
For successful approval of your loan
Loan and Credit will ask for a one-time fee of 1.5% of how much it will lend you. The minimum amount of this loan approval fee is USD 300, the upper limit depends on the loan amount (1.5%).
You also pay an annual management fee of USD 600 (ie USD 50 per month) for the special-purpose loan with this bank and you must also have your personal account with Loan and Credit. The fees for this current personal account (Žirokonto) are at least 240 per year with Loan and Credit.
Further conditions for obtaining a financial loan from Loan and Credit are a minimum age of 18 years and a personal account opened with the bank. Your payout or other regular earnings should then go to this account for at least 3 months. In order to approve the special-purpose loan, it is also necessary to prove the purpose of using the borrowed funds – orders, invoices, contracts and other documents proving the purpose of using the money.