Loans

Loan calculator

„Progres”

Destination – current needs

Credit amount– depending on monthly income and proposed guarantee

Interest rate/floating:

  • 16% annually, for ustomers who have positive credit history
  • 17% annualy, for customers without credit history

In order to calculate credit daily interest, in case of reimbursement through annuity method the product of credit balance and interest rate is divided by 365 days of the year (30 days a month), and in case of reimbursement of credit in monthly equal installments, the product of credit balance and interest rate is divided by 365 days of the year (or 366 for a leap year). The Bank is in the right to modify unilaterally the interest amount, depending on increasing rate on deposits in Moldovan lei of individual, and will announce the Borrower in written form about the modification in interest amount, at least 10 days before modification.

Other payments non-included in the interest rare :

  • Commission for credit use –1%(<12 month) / 2%(>12 month) of the credit amount ;
  • Administrative fee - 0.13% of the credit amount ;
  • Penalty - 0,1% of un-receipted amount, for each day of delay, in case of non payment on term monthly charge for credit.
  • Prepayment fee – 1% prepaid credit amount.

Term – 60 months

Insurance – liquid guarantee: real estate – housing units in municipalities, rayon centers and other localities, where transactions with housing units are frequent, social industrial units – offices, petrol stations, commercial centers, etc.

Payment method – monthly, by annuity method, or monthly, in equal installments

Documents necessary to be examined:

  • Credit line request-questionnaire (presented by the applicant);
  • Identity card (original + 2 copy);
  • Certificate on monthly net salary, covering the last 6 months;
  • Copy of work book (new + old type), initialed by authorized person and stamped.
  •  Property deed on immovable property (original + copy);
  •  Report on evaluation of immovable property (as guarantee), worked out by an evaluator (in accordance with legislation on evaluation activity) agreed by Bank, in accordance with the Board Decision on evaluators agreed by Bank.

Documents to be presented at receipt:

  • Borrower Information according to art. 39 of the Law on mortgage nr. 142-XVI of 26.06.08.
  • Contract on immovable property insurance (guaranteed), at a value to cover all risks. The Insurance Contract shall be to the benefit of the Bank, valid during entire credit duration, and concluded with an insurance company, agreed by the Bank, in accordance with the Board Decision on Insurance Companies agreed by the Bank. (in case immovable property is guarantee for the credit).
  • Insurance policy for real estate (in case immovable property is guarantee for the credit).
  • Document proving payment of insurance premium (in case immovable property is guarantee for the credit).

Also can be taken into account incomes of fidejussors, obtained by the citizens of the Republic of Moldova in the republic of Moldova. In this case, the Fidejussor shall meet eligibility criteria, established by the Bank and shall present to the Bank the documents required from applicant to get a credit.
Also can be accepted 50% of incomes of fidejussors, obtained by the citizens of the Republic of Moldova in EU countries, which shall meet eligibility criteria, established by the Bank and shall present to the Bank the following documents, required from applicant, to get a credit:

  • Identity card (orig inal + copy);
  • Work contract (original + copy), translated and authenticated at the Notary Office.
  • Residence Permit, legalized in EU countries (original + copy).

Eligibility criteria for applicant and/or fidejussor

  • To be a citizen of the Republic of Moldova and have permanent resident visa for the Republic of Moldova.
  • To be aged between minimum 20 (men and women) and maximum 62 – men and 57 - women, the maximum age to reimburse the credit.
  • To have a permanent job, a present job history of minimum 12 months.
  • Credit is given to individuals on the basis of monthly income, and, if necessary, the Bank accepts additional credit reimbursement sources, on the basis of suretyship contracts with individuals (first degree relatives), on execution, solitary with Credit Applicant, of obligations towards the Bank. The Applicant and / or Fidejussor shall have a permanent job.