Account Overdraft for Refinancing

Eligibility requirements:

  • Debtor's creditworthiness is determined depending on the amount of monthly income and obligations of the debtor
  • For employed: Minimum 6 months of employment status, and minimum 3 months of continuous employment status with the current employer, transfer salary on the account in UniCredit Bank is required
  • For pensioners: Minimum 1 month in pension, transfer pension on the account in UniCredit Bank is required

Terms

  • Maximum Overdraft Amount: up to one monthly salary/ pension
  • Deposit or down payment: 0%
  • Repayment period: up to 36 months
  • Ability to refinance existing loans, overdrafts and credit card debts
  • Nominal interest rate, variable:
    • 25.00 % P.A. with the transfer of monthly salary/pension on the account in UniCredit Bank
  • Variability of nominal interest rate is determined in accordance with changing value of 1M BELIBOR on the last working day of the month:
    • if value of 1M BELIBOR on that day is less than 2.00%, interest rate is changing to 25.00% annually,
    • if value of 1M BELIBOR on that day is from 2.00% up to 3.99%, interest rate is changing to 26.00% annually,
    • if value of 1M BELIBOR on that day is from 4.00% up to 14.99%, interest rate is changing to 27.00% annually,
    • if value of 1M BELIBOR on that day is from 15.00% up to 21.99%, interest rate is changing to 28.00% annually,
    • if value of 1M BELIBOR on that day is from 22.00% and more, interest rate is changing to 29.00% annually,
  • For overdraft amount up to RSD 12,000.00 nominal interest rate is 0%. If the used amount of the overdraft exceeds the sum of RSD 12,000.00, the nominal interest rate specified as that described above shall be calculated and charged on the entire amount of used amount.
  • Request Processing Fee for refinancing : free of charge
  • Maintenance Fee: no fee
  • Mandatory collateral instruments:
    • Blank bill
  • The bank does not charge a fee for pre mature repayment
  • The method of calculating interest is proportional.

Necessary documentation

  • Request for approval*
  • For employees:
    • Employment Confirmation of loan applicant*
    • Salary Lists
    • Currents account statement for previous 3 months
  • For pensioners:
    • Pension checks for the last month
  • *Documentation is available in UniCredit Branch

Account Maintenance Fee

Account Maintenance Fee (if the client is not already using RSD current account opened in the Bank), variable:

  • RSD 149 monthly for employees
  • RSD 95 monthly for pensioners

Account maintenance fee is variable in accordance with the Framework Agreement that User has signed with the Bank. The change will be applied from the date which is indicated as the date of application, and earliest after the expiration of 60 days upon notification of the User regarding the change, whereby if the Bank was not informed by User that he/she is not compliant with the change, it will be considered that User agrees with the new fee.

Representative example

Overdraft amount NIR annual, variable EIR annual Total amount of interest paid by the client whithin 36 months, if overdraft is used in full amount for all 36 months (interest is charged quarterly) Repayment period
RSD 50,000 25.00% 28.86% RSD 39,012.99 36 months

EIR is calculated on January 21st 2020. The cost of the blank bill and a credit bureau report are included in calculation.

For all additional information, please do not hesitate to contact us on our Info telephone 011/3 777 888 or visit one of our branch offices throughout Serbia.

Important notice:

  • If you would like to get acquainted with the banking terminology in order to understand better our products and services, please visit official web site of National Bank of Serbia on the following link: www.tvojnovac.nbs.rs