Informative List on Offered Consumer Loans

Maximum amount – implies the maximum loan amount that is offered for each of the mentioned types of consumer loans.
Maximum repayment period – implies the maximum repayment period that is offered for each of the mentioned types of consumer loans.
Fixed interest rate – implies an interest rate defined by the contract, which is unchanged for the duration of the loan agreement.
Variable interest rate – implies an interest rate consisting of a fixed and a variable component of the interest rate. The variable component is the reference interest rate which is determined on the interbank market (e.g. EURIBOR) on which the credit institution cannot influence. In the event of a change in the reference interest rate, in the case of loans with a variable interest rate, there is the possibility of changing the amount of the loan annuity to a higher or lower level.
Combined interest rate – implies a combination of fixed and variable interest rates, i.e., with this loan repayment model, the period during which the fixed interest rate will be applied, as well as the period during which the variable interest rate will be applied, is defined in advance.
NIR – nominal interest rate is the agreed interest rate that is calculated on the amount of the approved loan and that is applied when creating a loan repayment plan that defines the amounts of installments that the consumer pays.
EIR – the effective interest rate is the nominal interest rate increased by fees and other costs, such as insurance policy, notary costs, real estate appraisal costs for mortgage loans, credit register costs, promissory notes, etc. EIR shows the total costs of loans for the consumer.
Additional conditions – are part of the offer for a specific type of consumer loan that affect the total cost of the loan, such as real estate insurance contracts, life insurance contracts, establishing liens on real estate, etc. The costs of additional conditions are included in the EIR calculation shown.
Loan processing fee – implies the largest amount of fee that a credit institution can charge for each of the listed types of consumer loans. The largest amount of the loan processing fee is included in the stated EIR calculation.
Annuity - implies the amount of money defined by the contract that the consumer is obliged to pay regularly in order to repay the loan. The annuity consists of part of the debt principal and part of the accrued interest calculated on the basis of the contracted nominal interest rate.
Cash non-purpose-specific loans – include all cash loans that do not have a defined purpose, regardless of collateral.
Cash loans for pensioners - include all cash loans intended for pensioners, regardless of collateral
Housing loans - include all loans granted for the purchase and/or construction of residential building.
Mortgage loans - include all loans secured by a lien on real estate, excluding housing loans and loans for the reconstruction and refurbishment.
Loans for reconstruction and refurbishment - include all loans intended for reconstruction and refurbishment of a residential building;
Refinance loans - include all loans intended for refinancing existing loan commitments;
Loans for the purchase of motor vehicles - include all loans intended for the purpose of purchasing motor vehicles;
Loans for education - include all cash loans intended for education.