Disclosed information
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" Revolving Credit Card”
| 1. Amount of Credit (minimum/maximum) | minimum 5,000 lei / maximum 300,000 lei | 2. Credit Period (minimum/maximum) | 36 months | 3. Interest rate paid by the client (minimum/maximum), and method of calculating the interest rate absolute value | On credits used in the commercial network on the current month – 0% per year; On credits used in the commercial network in the previous month - 18 % per year; On credit means used outside the commercial network – 18 % per year. Calculation method: Credit balance *interest per year /360=interest per one day | 4. Other payments not included in the interest rate (minimum/maximum) | - Annual credit card service charge:
Visa Electron – 3.5 EURO; Visa Classic - 20 EURO (equivalent in Lei); Visa Gold - 80 EURO (equivalent in Lei). - Charge for using the credit outside the commercial network – 1.9 % of the transaction sum.
- Penalty 0.15 % of the amount of the outstanding debt for each delayed day.
| 5. Repayment scheme (annuities, installments, integrally) and frequency of payments; | Monthly in shares (credit share – a certain percentage of the balance of the credit used at the end of the month, but not less than the sum set in the Product tariffs: - Visa Electron, Visa Classic - 10 %, min 150 Lei;
- Visa Gold - 5%, min 150 Lei.
- The final repayment – integrally on the settling day.
- The interest – monthly, within 30 calendar days.
| 6. Documents required to receive a credit | Application for opening an account and issuing a credit card; Identity card; Documents confirming applicant’s work history; Income-confirming documents; - Documents confirming ownership rights to the fixed assets and/or owned car – in cases when the sum of the credit exceeds 30 thousands Lei up to 50 thousands Lei inclusively;
- Documents confirming the ownership rights to the pledged assets – in cases when the sum of the credit is over 50 thousands Lei.
| 7. Warranties accepted by the Bank | - Credits in amount up to 50 thousands Lei – no warranty requested;
- Credits in amounts from 50.000 up to 300.000 Lei – providing the following warranties:
- Bail of an individual
- Bail of a corporate entity
- bank deposit
- other warranties accepted by the bank:
- fixed assets;
- transportation facilities;
- securities, etc.
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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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