Information on banking products in the field of lending extended by BC „Moldindconbank” S.A. to individuals
CREDIT CARD Credit card – is issued for meeting current own needs of the borrowers. Advantages:
- For the entire period of credit line validity, the borrower may benefit from money means without concluding the set of documents necessary for credit extension; - The credit may be disbursed and reimbursed for a plentiful of times during the lending period (revolving credit). In case the money means are available, the borrower may perform an advance credit reimbursement, minimizing thus the expenses related to interests payments; - Grace period - 30 days. The amounts taken and reimbursed during the grace period are not subject to interest collection (interest equals to 0); - Financing of any individual project, without the need to justify the purpose of money use. The borrower is not restricted to goods acquisition from certain shops or trading centres and may use the lended money either for health treatment, or for education purposes, tourism, or dwelling’s reparation, etc; - The credit card issuance is performed within maximum 3 days at any unit of Moldindconbank; - The credit is extended under simple conditions, the required documents are reduced to minimum; - The credit is extended without insurance; - The reimbursement potential of the borrower is established by taking into account the incomes of both the applicant and his/her family, as deemed necessary; - Broad range of income sources for the establishment of reimbursement potential: salaries, incomes deriving from rental contracts, incomes from deposits and related interests; - Automatic prolongation of the credit card upon maturity in the event the client observed the conditions of the credit contract; - Possibility of using the credit card in any country of the world; - Possibility to use the credit card as the debit card.
Credit extension conditions: Beneficiaries: individuals, citizens with permanent place of residence in the Republic of Moldova; Destination: it is extended for meeting the borrower’s current own needs; Currency: MDL; Amount: 5 000 – 50 000 lei; Interest rate: 0% during the grace period /1,91 % per month – the interest is being calculated on the basis of the credit balance; Maximum term: 48 months; Guarantees: no pledge and no guarantors; Repayment procedure: minimum 5% of the credit balance. The credit reimbursement potential is determined based on monthly incomes of the applicant and of the co-payer, and as appropriate, following prior deductions of the entire family’s debt payments.
Necessary documents:
1) Identity card (original + copy) and, if necessary, for co-payers; 2) Salary certificate for the applicant and, if necessary, for co-payers for the period of the last 6 months; 3) Work card copy of all pages for the applicant (endorsed and stamped by the authorized person) and for co-payers, if applicable; 4) Current payment receipts for utilities – shall be submitted, as appropriate; 5) Property deed on the owned real estate and /or vehicle (original+copy) – shall be submitted as appropriate. For the credit card issued to bank deposits holders with BC “Moldindconbank” S.A.: 1) Request for credit line extension; 2) Identity card (original + copy) and, if necessary, for co-payers; 3) Request for credit card issuance.
“SUCCES PLUS” CREDIT The “Succes Plus” credit – is extended for satisfying the borrower’s own needs. Advantages:
- Financing of any personal project, without the need to justify the purpose of money use. The borrower is not restricted to goods acquisition from certain shops or trading centres and may use the lended money either for health treatment, or for education purposes, tourism, or dwelling’s reparation, etc; - The credit is extended in maximum one hour at any unit of Moldindconbank; - The credit is extended under simple conditions, the required documents are reduced to minimum; - The reimbursement potential of the borrower is established by taking into account the incomes of both the applicant and his/her family, as deemed necessary; - Broad range of income sources for the establishment of reimbursement potential: salaries, incomes deriving from rental contracts, incomes from deposits and related interests.
Credit extension conditions: Beneficiaries: individuals, citizens with permanent place of residence in the Republic of Moldova; Destination: it is extended for meeting the borrower’s own needs; Currency: MDL; Amount: 3 000 – 40 000 lei; Maximum term: 48 months; Guarantees: no pledge and no guarantors; Repayment procedure: in monthly even instalments (the instalment includes the interest, the commission and the principal payment).
EXAMPLE Contracted amount Monthly instalment to be paid in
10 000 lei 333 lei 20 000 lei 666 lei 30 000 lei 999 lei 40 000 lei 1 333 lei
The credit reimbursement potential is determined based on monthly incomes of the applicant and of the co-payer, and as appropriate, following prior deductions of the entire family’s debt payments. Necessary documents:
1) Identity card (original + copy) and, if necessary, for co-payers; 2) Salary certificate for the applicant and, if necessary, for co-payers for the period of the last 6 months; 3) Work card copy of all pages for the applicant (endorsed and stamped by the authorized person) and for co-payers, if applicable; 4) Current payment receipts for utilities – shall be submitted, as appropriate; 5) Property deed on the owned real estate and /or vehicle (original+copy) – shall be submitted as appropriate.
“SUCCES” CREDIT The “Succes” credit – is extended for satisfying the borrower’s own needs. Advantages:
- Financing of any personal project, without the need to justify the purpose of money use. The borrower is not restricted to goods acquisition from certain shops or trading centres and may use the lended money either for health treatment, or for education purposes, tourism, or dwelling’s reparation, etc; - The credit is extended in maximum one hour at any unit of Moldindconbank; - The credit is extended under simple conditions, the required documents are reduced to minimum; - The reimbursement potential of the borrower is established by taking into account the incomes of both the applicant and his/her family, as deemed necessary; - Broad range of income sources for the establishment of reimbursement potential: salaries, incomes deriving from rental contracts, incomes from deposits and related interests.
Credit extension conditions: Beneficiaries: individuals, citizens with permanent place of residence in the Republic of Moldova; Destination: it is extended for meeting the borrower’s own needs; Currency: MDL; Amount: 3 000 – 40 000 lei; Maximum term: 26 months; Guarantees: no pledge and no guarantors; Repayment procedure: in monthly even instalments (the instalment includes the interest, the commission and the principal payment). The credit reimbursement potential is determined based on monthly incomes of the applicant and of the co-payer, and as appropriate, following prior deductions of the entire family’s debt payments. Necessary documents:
1) Identity card (original + copy) and, if necessary, for co-payers; 2) Salary certificate for the applicant and, if necessary, for co-payers for the period of the last 6 months; 3) Work card copy of all pages for the applicant (endorsed and stamped by the authorized person) and for co-payers, if applicable; 4) Current payment receipts for utilities – shall be submitted, as appropriate; 5) Property deed on the owned real estate and /or vehicle (original+copy) – shall be submitted as appropriate.
TREASURY CREDIT The treasury credit – is extended for satisfying the borrower’s own needs. Advantages:
- Financing of any personal project, without the need to justify the purpose of money use. The borrower is not restricted to goods acquisition from certain shops or trading centres and may use the lended money either for health treatment, or for education purposes, tourism, or dwelling’s reparation, etc; - The credit is extended in maximum one hour at any unit of Moldindconbank; - The credit is extended under simple conditions, the required documents are reduced to minimum; - The reimbursement potential of the borrower is established by taking into account the incomes of both the applicant and his/her family, as deemed necessary; - Broad range of income sources for the establishment of reimbursement potential: salaries, incomes deriving from rental contracts, incomes from deposits and related interests. - Possibility of advance repayment of any amount without paying the advance payment commission.
Credit extension conditions: Beneficiaries: individuals, citizens with permanent place of residence in the Republic of Moldova; Destination: it is extended for meeting the borrower’s own needs; Currency: MDL; Amount: 2 000 – 40 000 lei; Maximum term: 12 months; Guarantees: no pledge and no guarantors. Repayment procedure: in monthly even instalments or through the annuity method. The credit reimbursement potential is determined based on monthly incomes of the applicant and of the co-payer, and as appropriate, following prior deductions of the entire family’s debt payments. Necessary documents:
1) Identity card (original + copy) and, if necessary, for co-payers; 2) Salary certificate for the applicant and, if necessary, for co-payers for the period of the last 6 months; 3) Work card copy of all pages for the applicant (endorsed and stamped by the authorized person) and for co-payers, if applicable; 4) Current payment receipts for utilities – shall be submitted, as appropriate; 5) Property deed on the owned real estate and /or vehicle (original+copy) – shall be submitted as appropriate.
EXPRESS CREDIT The Express credit for undetermined needs backed by real guarantees is extended for satisfying the borrower’s own needs. The amount is unlimited and depends on the incomes of the applicant and of the fidejussor (the incomes of the fidejussor derived within the states of the European Union and confirmed documentarily may also be accepted), on the value of the real estate (vehicle), which is to be pledged. Thus, the MICB customer may derive maximum profit from this credit due to its volume. Advantages:
- Availbaility of resources necessary for the solution of certain personal issues; - No justification of money use purposes is needed; - Credit extension in cash, as well; - Credit extension within limited terms at any Moldinconbank unit; - Documentation requested for the file opening is reduced to minimum; - The set up real guarantees may belong to third parties; - Bank’s experts draw up the evaluation report on the real estate put under guarantee; - Possibility of advance reimbursement of any amount without paying out the commission for advanced payment.
Credit extension conditions: Beneficiaries: individuals, citizens with permanent place of residence in the Republic of Moldova; Destination: it is extended for meeting the borrower’s own needs; Currency: MDL; Amount: not limited and depends upon the incomes of the applicant (fidejussor) and upon the value of the assets put under guarantee. Maximum term: - 84 months; Guarantees: real guarantees – real estate, vehicles; Repayment procedure: in monthly even instalments or through the annuity method. Necessary documents:
1) Credit request 2) Identity card (original + copy) and, if necessary, for co-payers; 3) Salary certificate for the applicant and, if necessary, for co-payers for the period of the last 6 months; 4) Work card copy of all pages for the applicant (endorsed and stamped by the authorized person) and for co-payers, if applicable; 5) Documents related to credit insurance.
CREDIT FOR PATENTEES The credit for patentees is extended to individuals for carrying out the entrepreneurial activity on the basis of a patent (license). Advantages:
- Credit extension within maximum 2 days at any Moldinconbank unit; - The credit in an amount of up to 30 000 lei is extended under no pledge and no guarantors conditions (to individuals that own real estate); - The credit is extended under simple conditions; the requested documentation is reduced to minimum.
Credit extension conditions: Beneficiaries: individuals carrying out entrepreneurial activities on the basis of a patent (license) for a period of at least 6 months; Destination: acquisition of apparatuses, equipment, furniture, inventory, computer hardware and software, office automation, goods, raw materials, etc.; Currency: MDL; Amount: not limited, depending on the incomes of the applicant and on the value of assets to be put under guarantee; Maximum term: 24 months; Guarantees: no pledge for an amount of up to 30 000 lei; real guarantees for an amount of of over 30 000 lei: banking deposits; real estates; vehicles; equipment; pawns; Repayment procedure: in monthly even instalments. Necessary documents:
1) Credit request; 2) Identity card (original + copy) and, if necessary, for co-payers; 3) Patent of entrepreneur with coupon (authorization, market agreement); 4) Earnings statement for the previous year; 5) Current payment receipts for utilities; 6) Invoices for goods purchased in the course of the last 6 – 12 months; 7) Contracts concluded with suppliers or with beneficiaries in cases of services rendering; 8) Property deed on the owned real estate (original and copy); 9) Documents related to credit insurance.
INVESTMENT CREDIT The investment credit – is extended to individuals for the purpose of covering expenses related to real estate construction, restoration and reparation. Advantages:
- The credit is extended under simple conditions, the requested documentation is reduced to minimum; - Credit extension for a long-term period; - The reimbursement potential of the borrower is established by taking into account the incomes of both the applicant and the fidejussor; - Broad range of income sources for the establishment of reimbursement potential: salaries, incomes deriving from rental contracts, incomes from deposits and related interests.
Credit extension conditions: Beneficiaries: individuals, citizens with permanent place of residence in the Republic of Moldova; Destination: it is extended for the purpose of covering expenses related to real estate construction, restoration and reparation. Currency: MDL; Amount: not limited and depending on the level of monthly incomes of the applicant and the real estate pledge value, the maximum credit value will be equal to 75% of the market value of the pledged real estate in the event the credit is extended for a term of up to 15 years and, respectively, 60% in the event the credit is extended for a term of 15 to 20 years; Maximum term: 20 years; Guarantees: real estate – dwellings situated within municipalities, district centres and within other localities with frequent residential real estate transactions; Repayment procedure: in even instalments or through the annuity method. The credit reimbursement potential is determined based on monthly incomes of the applicant and of the co-payer, as appropriate, following prior deductions of the entire family’s debt payments. Necessary documents:
1) Credit request; 2) Questionnaire of credit application 3) Identity card (original + copy) and, if necessary, for co-payers; 4) Salary certificate for the applicant and, if necessary, for co-payers for the period of the last 6 months; 5) Work card copy of all pages for the applicant (endorsed and stamped by the authorized person) and for co-payers, if applicable; 6) Current payment receipts for utilities; 7) Property deed on the owned real estate (original+copy); 8) Documents related to credit insurance.
MORTGAGE CREDIT BC "Moldindconbank" S.A. offers the most attractive program in the market of mortgage lending. Expenses related to mortgage credits servicing are similar to rent expenses borne by tenants in Chişinău municipality. These factors reveal the opportunity of a real estate acquisition. The high reimbursement term and the possibility of even instalments repayments of real estate credits make them attractive and accessible. Mortgage credit – is extended for the purpose of covering the expenses related to real estate acquisition. Advantages:
- Extension of credit for a long term; - The credit is extended under simple conditions; the requested documentation is reduced to minimum; - The credit may be extended in the total value of the purchased real estate.
Credit extension conditions: Beneficiaries: individuals, residents of the Republic of Moldova; Destination: real estate acquisition within the residential blocks of flats built by bank’s partners:
ÎM “Best Club” SRL at 6 Dokuceaev Str., Chişinău; “Elex-SRL“ SRL at 110 Brâncuşi Str., Chişinău; “CCL no.289” at 2 Nadejda Russo Str., Chişinău; “Rom-Prim” SRL at 84 Chişinăului Str., Cricova and 5/3 Alexandru cel Bun Str., Ialoveni; “Reconscivil” SRL at 128/3 Grenoble Str., Chişinău; “CCL no.9 Ialoveni” at 34/1 Ştefănucă Petre Str., Ialoveni; “Hazar Construct” SRL at Romană Str., Ungheni; “Catărvăi” SRL at 107 Alexandru cel Bun Str., Edineţ;
Currency: MDL; Amount: not limited, but not exceeding 80% of the market value of the pledged real estate in the event the credit is extended for a term of 15 years and not exceeding 75% of the market value of the pledged real estate in the event the credit is extended for a term of 20 years; Maximum term: 20 years, the final maturity of the credit may not exceed the pension age of the applicant or of the co-payer; Interest rate: 13.5 % per year (adjusted to EUR exchange rate) in the event of credit extension for a period of 15 years; 14.5% per year (adjusted to EUR exchange rate) in the event of credit extension for a period of 20 years; Guarantees: real estate purchased on the account of the extended credit or other real estate; Repayment procedure: in monthly even instalments or through the annuity method; Credit reimbursement potential is determined based on monthly incomes of the applicant and of the co-payer, as appropriate. Necessary documents:
1) Credit request; 2) Questionnaire of credit application 3) Identity card (original + copy) and, if necessary, for co-payers; 4) Salary certificate for the applicant and, if necessary, for co-payers for the period of the last 6 months; 5) Work card copy of all pages for the applicant (endorsed and stamped by the authorized person) and for co-payers, if applicable; 6) Documents related to credit insurance.
CONSUMER CREDIT FOR GOODS PURCHASING BC “Moldindconbank” SA offers to its current and potential customers an exceptional possibility to receive non-interest resources for consumer goods purchasing in instalments. Credits are extended within a short period of time, up to 2 days. Customers may approach any branch of BC “Moldindconbank” SA to place a credit request. Advantages:
- The applicant for the credit has the possibility to purchase goods on credit within a short period of time without paying an interest to the Bank; - Paying out 0%-30% of the goods’ price, the buyer enters into immediate possession of the goods.
Credit extension conditions: Amount of the extended credits – 70%-100% of the goods’ selling price. Beneficiary’s contribution – 0%-30%. The term of credits extension depends upon the applicant’s incomes, upon the goods purchased on credit and may not exceed the period of 24 months (in the first 12 months the interest rate equals to 0% per year, in the next 12 months – the commercial interest rate shall be set up according to the bank’s tariff policy). Credits in an amount of up to 40.000 lei are extended under no insurance. Credits in an amount of over 40.000 lei are backed by goods other than those purchased on the extended credit. The reimbursement is performed in monthly even instalments. In the event of uninsured credits extension, the applicant will pay out a commission for credit extension in an amount of 2,0% of the credit value, while for insured credits extension the commission is 0%. The minimal unit price of the goods sold in credit may not be lower than 2000 lei. Credits are extended to individuals that are citizens of the Republic of Moldova, with permanent residence permit in the Republic of Moldova and with a steady working place, having a length of service of minimum 6 months within the current working place. Credit extension procedure:
1. The potential buyer chooses the goods to be bought on credit from the seller. 2. The seller issues to the buyer the invoice and/or the selling-buying contract (indicating the seller’s data of the current account opened with the Bank). The buyer comes to the Bank submitting the following documents: Request for credit extension (shall be filled in at the Bank assisted by the credit officer); Questionnaire of credit application; Identity card + copy; Invoice for the goods and/or selling-buying contract Certificate on monthly average incomes for the last 6 months; Work card copy of all pages for the applicant (duly endorsed and stamped by the authorized person); Property deed on the owned real estate (original+copy) – submitted as appropriate; Current payment receipts for utilities – submitted as appropriate. 3. In the event the credit extension is approved, the buyer (applicant) shall be invited to the Bank in order to sign the credit contract and the insurance contract (if necessary). 4. The buyer pays in with the Bank’s vault the initial contribution (0%-30%) transferred by the Bank to client’s account. 5. The Bank shall extend the credit upon the transfer of the contribution in an amount of 70%-100% to the seller’s account. 6. The buyer submits to the seller the invoice and the payment document. 7. The seller ensures the delivery and the installation (if necessary) of the purchased goods and draws up the documents related to the insurance of goods.
If an individual needs to buy certain goods and does not possess the amount of money necessary for the purchase, then applying for a consumer credit is the perfect solution.
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