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For purchase of used vehicles

General

Halkbank a.d. Beograd provides you with the possibility to purchase a used car by using a car loan with index clause and maturity of up to 60 months. 


Benefits

Car loans of Halkbank are disbursed:

  • With maturity of up to 84 months
  • With fixed interest rate
  • With no annual loan administration fee
  • With no disbursement fee

Terms and conditions

Elements In dinars                                                        With currency clause

Loan amount

                   Depending on the borrower's creditworthiness

Loan currency

Dinar loan                                           Dinar loan indexed in EUR

Maturity

               Total age of vehicle and repayment period up to 7 years

Down payment

                Minimum 30,00% of proforma invoice / invoice amount

Nominal interest rate (fixed p.a.)

10,70% fixed, first 12 months; 10,70% + 6m BELIBOR, after 12 months (RSD)  or  6,70% + 6m EURIBOR with currency clause     

Front-end fee

                                       1,50% in a lump sum

Repayment method

                                     Equal monthly annuities

Collateral


Promissory note, CASCO insurance policy assigned in favour of the Bank, Pledge on vehicle


Representative example

                                                       
Representative example Credit with clause
Invoice amount
7.500,00 EUR
Down payment (min 30%) 2.500,00 EUR
Loan amount 5.000,00 EUR
Nominal interest rate (p.a.) 6,70% + 6m Euribor**
Repayment period (monthly) 84
Monthly annuity 117,98 EUR
Total amount to be repaid
6.676,49 EUR
Front-end fee (1,50%) 75,00 EUR
Other costs

246,00 RSD - Credit bureau

50,00 RSD - Promissory note

30.177,00 RSD - CASCO insurance

2.000,00 RSD - Pledge on vehicle

Collateral
Promissory note, CASCO insurance policy in favour of the Bank, Pledge on vehicle
EIR (p.a.) 10,40%

**Value 6m Euribora: -0,278%                                                                      

Calculation on date: 13.02.2018.             

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Loan parameters:

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* Maximum repayment period is 360 months

Description Amount
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Questions

In which way are loans for the purchase of new vehicles disbursed?

Loans are disbursed by payment of funds to the current account of the seller.


Is it possible to get a loan for the purchase of a used car from a private person?

The Bank does not approve loans for purchase of vehicles from private persons. Loans are approved for purchase of vehicles from authorised car dealers.