Private Sector
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About the loan
We present to you our offer for a cash loan, specially tailored for individuals from the private sector. This offer enables simple and favourable financing of your needs under transparent conditions. Universal Capital Bank allows the realisation of cash and refinancing loans regardless of whether the Client receives a salary through an account with the Bank.
Don’t wait! Take advantage of this opportunity and achieve financial security today. Contact us or visit the nearest branch to submit your application.
Approval Conditions | Loans for the Private Sector |
|---|---|
Nominal Interest Rate | 12.00% |
Maturity | up to 60 months |
Loan Amount | up to 15,000 EUR |
Early Repayment | 0% |
One-time Fee | up to 10,000 EUR – 65.00 EUR over 10,000 EUR – 116.00 EUR |
Creditworthiness | The annuity cannot exceed 50% of net monthly salary, after deduction of all withholdings |
Repayment Method | in equal monthly annuities |
Security means
- Administrative ban on the salary for all loan participants
- Promissory note signed by all loan participants with promissory note authorisations
- The Bank may also request additional collateral in the form of statements, authorisations, co-debtors and others…
Guarantors/Co-debtors
- Permanent employment of at least 6 months with the current employer
- The monthly instalment must not exceed 50% of the monthly salary
- A guarantor may also be a pensioner receiving a pension through UCB
- Age: maximum 65 at the moment of repayment
Note
- Completed loan application form
- Certificate of salary amount and deductions from salary
- Copy of ID card of all loan participants
Representative Example:
Total Loan Amount | 5,000 EUR |
|---|---|
Number of Installments | 60 |
Monthly Obligation (installment) | 109.65 EUR |
Loan Processing Fee | 65.00 EUR |
Fee for Providing Data from the CBCG Credit Registry (two) | 6 EUR |
Cost of Purchasing Four Promissory Notes | 8 EUR |
Nominal Annual Interest Rate | 12.00 % |
Effective Interest Rate | 12.78 % |
Total Interest | 1,579.00 EUR |
Total Costs * | 1,658.00 EUR |
Total Amount the Client Has to Pay | 6,658.00 EUR |
Note: Total costs represent the sum of interest for the entire loan repayment period in the amount of EUR 1,579.00, loan processing fee of EUR 65.00, cost of four promissory notesEUR 8.00 and the cost of two Credit Registry inquiries of EUR 6.00. The total amount the client has to pay is EUR 6,658.00.
The representative example is shown in the calculation example as of 11 September 2024.