| "Credit Magic" (no mortgage requested) | 1. Amount of credit (minimum/maximum) | 3000 Minimum / Maximum:
a) 30 000 lei - for employees of state enterprises, budgetary institutions and large enterprises in accordance with the List,
b) 20 000 lei - for the other applicants, also the loan may be obtained up to four monthly salaries . | 2. Credit period (minimum/maximum) | minimum 6 months / maximum 24 months,
but nor more than client's retirement age | 3. Interest rate paid by the client (minimum/maximum),and method of calculating the interest rate absolute value |
16% Time of payment of interest - monthly, on the corresponding month of the signing of the contract management of credit.
Calculation method – 365/360 | 4. Other payments non-included in the interest rate (minimum/maximum) | - Single administrative charge: 2%, minimum 100 lei from the credit ammount (untill the credit was granted)
| 5. Mode (annuities, instalments, integrally) and frequency of payments); |
- Annuity – monthly, in equal instalments
| 6. Required documents for obtaining a credit | 1. Application for credit;
2. Documents certifying the applicant's monthly income:
- receipt of salary,
- book / work contract
- additional documents to prove the credit worthiness of the applicant (such as: lease agreements, contract warehouse in original);
3. Declaration on the income tax revenue in case the income declaration to competent organs is required under tax legislation;
4. ID and the original cover sheet;
5. ID and the original sheet accompanying of the spouse;
6. Medical insurance policy;
7. The receipts for the last 2 months for some of the three services: electricity, telephone, water, heat; | 7. Forms to secure the credits accepted by the Bank | The Bank will grant loans: a) To applicants who own a property;
b) If the applicant does not own a property - is required suretyship of a person (relative of I or II grade, or a third party) who owns a property. | | 8. The advanced repayment effects and penalties related to the loan contract | Commission for arranging advanced loan repayment: is not charged
Penalty:
a). For the amount of an outstanding loan - increased interest plus 5 percentage points, daily calculated on the amount of an outstanding loan (engagement with immediate maturity)
b). For the amount of an outstanding interest - 0.25% of the outstanding interest balance for each day of delay (engagement with immediate maturity) | * - only for the first month
In case of change of the interest rate and/ or of the other payments size until the loan is settled,
The Bank has the right to change unilaterally the size of the interest rate depending on:
a. Rates of refinancing of National Bank of Moldova
b. Rate of inflation
c. Financial market evolution
In case of change of the interest rate and of the other payments,
The Bank is obliged preliminary, in ten-day term before application of the new interest rate to inform the Borrower about the change. The new interest rate is considered co-ordinated if owing to the notice, the Borrower does not repay when due (specified in the notice) the rest of the Credit and other debts against Bank according to the Contract. The new interest rate is charged on the rest of the Credit from the moment of its action.
Any notice handed over by the courier or sent by mail is considered received, under condition of a presentation of acknowledgement of the fact of delivery. The notice sent by mail, is considered handed over and in case of its returning by post service if the notice has been sent on the address of the party specified in the present Contract, or on the last address the Bank was informed in writing.
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