LOAN TERMS:
- Maximum loan amount 25,000 EUR
- Loan maturity 60 months
- Client participation 0% – 20%
- Administrative fee 0.50%
INTEREST RATE:
BKT Salary receivers:
- Interest rate starting from 3.49%
- Effective interest rate starting from 3.75%
Other banks salary receivers
- Interest rate starting from 5.50%
- Effective interest rate starting from 5.86%
Business owners (selfemployed):
- Interest rate starting from 6.50%
- Effective interest rate starting from 6.92%
EXAMPLES AND EXPLANANTIONS
| Auto Loan | EUR 25,000 | EUR 25,000 | EUR 25,000 |
| Variable interest rate* | 3.49% | 5.50% | 6.50% |
| Effective interest rate | 3.75% | 5.86% | 6.92% |
| Loan maturity | 60 | 60 | 60 |
| Monthly Installment | 454.74 | 477.63 | 489.28 |
| Administrative fee | 0.50% | 0.50% | 0.50% |
| Total loan amount to be repaid by the end of the contractual term* | 27,284.61 | 28,657.80 | 29,356.51 |
*Variable interest rate means the interest rate expressed as a variable percentage applied on an annual basis to the approved loan amount.
*The total cost does not include notary costs, insurance, property valuation and utility costs.
