Cash Loan for Pensioners
No mandatory pension transfer to AIK Banka
Fixed or variable interest rate
Loan repayment period between 13 and 71 months
Maximum loan amount up to RSD 2,000,000
Includes collective life insurance
What’s important to you when taking a loan?
- Bill of exchange: RSD 50 - Credit Bureau report: RSD 246 - One-time loan processing fee: 1% of the loan amount - Monthly maintenance fee for the Start Account package: RSD 250 (for clients receiving their pension into an account held at AIK Banka) - Monthly loan administration fee: 250 RSD (for clients who do not receive their pension into an account held at AIK Banka)
✓ ID card or passport for verification ✓ Pension slips for the last 3 months if you do not receive your pension through an account held at AIK Banka ✓ An authenticated Attachment of Salary (for pensioners who do not receive their pension through an account held at AIK Banka)
| Loan type | Cash and Refinancing Loan for Pensioners (with pension transfer) |
| Loan amount | RSD 500.000,00 |
| Nominal Interest Rate (NIR) per annum | 15,69% (10%+3M Belibor) |
| Effective Interest Rate (EIR) per annum* | 18,41% |
| Repayment period | 71 months |
| Monthly instalment | RSD 10.852,00 |
| Additional costs/fees borne by the borrower | Bill of exchange – RSD 50 Credit Bureau report – RSD 246 Application processing fee – 1.00% of the loan amount Monthly account maintenance fee as per the selected package |
| Total amount payable (principal, interest, and costs) | RSD 795.997,00 |
| Loan type | Cash and refinancing loan for pensioners |
| Loan amount | RSD 500.000,00 |
| Nominal Interest Rate (NIR) per annum | 15,75% (fixed) |
| Effective Interest Rate (EIR) per annum* | 18,61% |
| Repayment period | 71 months |
| Monthly instalment | RSD 10.869,00 |
| Additional costs/fees borne by the borrower | Bill of exchange – RSD 50 Credit Bureau report – RSD 246 Application processing fee – 1.00% of the loan amount Monthly account maintenance fee as per the selected package (for clients receiving their pension via an account held at AIK Banka) Monthly loan administration fee: RSD 250 (for clients not receiving their pension via an account held at AIK Banka) |
| Total Amount Payable (principal, interest, and costs) | RSD 796.702,00 |
Frequently Asked Questions
Creditworthiness is an assessment of eligibility for loan and your ability to repay principal plus interest within the repayment term defined by the loan agreement.
The bank assesses your creditworthiness based on both the requested loan amount and the repayment term, taking into account details concerning your employment/status, regular monthly income, a Credit Bureau report on your past use of financial services, and other information collected along with your loan application.
Additional income is included in the calculation of creditworthiness on condition that such income can be properly documented as being regular and also that the same income will be available during loan repayment.
Minimum monthly earnings which make you eligible for the loan are RSD 26,100.
If you receive your regular monthly earnings in the current account you have with AIK Banka (including maternity leave allowance), the loan may be approved.
If you have a fixed-term employment contract, your eligibility is dependent upon the expiry of your employment contract.
In case of housing loans, the Bank allows the consolidation of monthly earnings of the borrower and the co-borrower.
You don’t have to keep a payroll/pension account with AIK Bank and you’re still eligible for the cash loan and loans approved against a 100% special purpose term deposit. Conditions for the approval of the loan are more favourable for borrowers with payroll/pension accounts at AIK Banka.
Loans for pensioners are also approved based on pensions transferred to AIK Banka pension accounts from abroad.
The fixed interest rate means that your monthly loan instalment will be the same throughout the repayment period. The floating (variable) interest rate varies based on changes in the variable element of the nominal interest rate – BELIBOR for RSD loans and EURIBOR for EUR indexed loans.
Credit Protection Insurance (CPI) is insurance in case you’re unable to repay your loan due to unemployment (as a result of redundancy) or accidental death. When an insured situation occurs, the insurance company will repay the Bank the borrower’s debt on his/her behalf, in accordance with terms of the insurance policy. For more information, consult with your bancassurance agent.
LTV is a ratio between bank loan and estimated market value of property to be pledged, multiplied by 100.
If the reason why your loan application has been rejected is the Credit Bureau report, the Bank must inform you about the reason for rejection. In all other cases, the Bank is under no obligation to provide reasons why your loan application was rejected.
The nominal interest rate is the rate at which loan interest is accrued, whereas the effective interest rate includes all costs to be paid in addition to interest.
Yes, you can. By getting the refinancing loan, all your debts will be included, whatever bank you may have them with.
