Loan Terms:
- Maximum Loan Amount: 7,500€
- Loan maturity: 48 months
- Client participation: up ne 20%
- Administrative fee: 50%
Interest Rate for buying a motorcycle
Salary in BKT:
- Interest rate starting from 5.00%
- Effective interest rate starting from 5.38%
Rent receivers through Bank, business owners and other banks salary receivers:
- Interest rate starting from 6.50%
- Effective interest rate starting from 6.97%
Examples and Explanations:
| Motorcycle Loan | 7,500 € | 7,500 € |
| Variable interest rate* | 5.00% | 6.50% |
| Effective Interest Rate | 5.38% | 6.97% |
| Maturity | 48 months | 48 months |
| Monthly Instalment | 172.75 € | 177.90 € |
| Administrative fee | 0.50% | 0.50% |
| Total amount of loan to be repaid by the end of contractual term* | 8,292.06 € | 8,539.39 € |
*Variable interest rate means the interest rate expressed as a variable percentage applied on an annual basis to the approved loan amount.
