CONSUMERS LOAN
Loans that support realizing your desires!
For all of you who want to renovate your home, buy new furniture, repair your car, or travel, now the decision is easier because Fondi BESA is close to you with the Consumer Loan.
If you need funding up to 1,000,000 ALL for consumer needs, you can get the loan quickly and easily.
• Consumer Loans fits to your needs and requirements regarding the term and amounts.
• The loan is transfer redirectly to your account once the con tract is signed.
• We allow you to repay the loan in advance at no extra cost
For further information and loan examples with effective interest please download the Leaflet
LOAN CHARACTERISTICS:
 AMOUNT |
The maximum loan amount is 1,000,000 ALL |
| CURRENCY |
ALL |
| DURATION |
Up to 5 years (60 months) |
| FEE |
1-4% according to the loan term. |
| COLLATERAL |
Without collateral up to 600,000 ALL Amounts over 600,000 ALL:. Mortgage; Lien; Pledge; Endorsement Value of collateral should be 150% of the loan amount. |
| REPAYMENT |
Depending on client preference: • Flat – equal installments for the whole repayment period. • Declining – Interest is calculated on the remaining amount of principal. |
| INTEREST |
24% to 28.8% Interest rate is consistent with: • Loan amount and terms • Collateral to be used as a guarantee for the loan • Number of loans the client has benefitted |
| EXAMPLE | |
| Amount | 60,000 ALL |
| Maturity | 12 Months |
| Nominal monthly interest | 2.40% |
| Nominal annual interest | 28.80% |
| Fee (in %) | 1% |
| Fee (in value) | 600 ALL |
| APR | 35.5% |
Example:
| Loan Amount | Monthly Instakkment | Term (month) |
|---|---|---|
| 300,000 | 16,600 | 24 |
| 700,000 | 20,630 | 60 |
• Figures are approximate. For accurate figures, you need to get the right information at your nearest office of Fondi BESA in your city.
• Please download the Standardized Pre-contractual Information Leaflet
• For further information please download Method of calculating the effective interest
