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 determines your creditworthiness based on the amount and repayment term you’ve applied for and based on your employment information/status, regular monthly earnings, Credit
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.
Loans for pensioners, with life insurance, may be approved with a repayment term which ends when the borrower turns 75, as requested by the insurance company. Also, pensioners can get loans against a collateral of special purpose deposit.
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.