Pensioner Loans
About pensioner loan
Adriatic Bank Pensioner loan with life insurance policy is a non-purpose cash loan. Clients may be pensioners with a regular retirement income, who are not older than 75 at the time of repayment of the final installment. Loan is approved with repayment period up to 7 years in amount up to € 20.000 without guarantors. There is possibility of loan approval without life insurance policies.
Even up to € 20 000 without guarantors with life insurance policy.
Maturity: Up to 84 months
One-off payment to the Adriatic Bank account
Conditions for loan approval
Total monthly financial burden of the client, including the new loan must not exceed 50% of the net pension
That Loan user is having an opened account in Adriatic Bank
Necessary documentation
Duly fulfilled and signed Loan application form
Verified and signed confirmation about the salary
Two administrative ban orders verified by the client's employer (in case that employer executes and verifies them)
Signed consent for inquiry into Credit register
Evidence of paid fee for application in the Credit register
A copy of passport or ID card with phone numbers and address (original document to be presented)
Other documentation upon the request
Credit calculator
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Detailed data
| Pensioner Loans Loan | |
|---|---|
| Annual nominal interest rate (NIS) | 6.95% – 8.95% depending on the insurance policy taken as collateral |
| Annual effective interest rate (EIR) | 8.15% |
| Loan processing fee (charged one-off upon loan disbursement) | Depending on the amount and term of the loan, the loan processing fee ranges from €7.50 to €254 |
| Fee for data use from the CBCG credit register | 3.00 € |
| Annual penalty interest | Nominal rate increased by 50% |
| Maturity period | Up to 84 months |
| Representative Example: | For a loan in the amount of € 10,000.00 and a repayment term of 84 months, an approval commission in the amount of € 150, including administrative costs (two bills of exchange: € 4.00 and a fee for insight in the CBCG credit register: € 3.00) and the cost of a life insurance policy in the amount of €200.00, the nominal interest rate (NIR) is 6.95%, while the effective interest rate (EIR) is 8.15%. The sum of the total amount of the loan and the total amount of known loan costs amounts to € 12,928.39, and the monthly installment amounts to € 149.65. |