Guaranteed consumer credit

Intended for non-nominal consumption expenditure, including refinancing of loans / borrowings from other financial institutions for these purposes, with material guarantees for a period of up to 5 years

APPLY FOR CREDIT

About the credit

k Maximum term 13 months

Non-mentioned consumer expenses, including refinancing of credits/ loans issued by other financial institutions

k Maximum term 60 months

Purchase of residential real estate, refinancing of credits/ loans issued by other financial institutions for this purpose

hMaximum credit amount

Up to 1,800,000 MDL

Advantages

  • Possibility to solve financial problems in the shortest time
  • Possibility to establish the desired credit repayment procedure
  • Flexible way of approaching the financial situation
  • Quick examination of credit applications
  • Low costs and transparent conditions
  • Full financing of projects

Eligibility criteria of the applicant

  • citizenship of the Republic of Moldova or foreign citizenship / statelessness – tax residence of the Republic of Moldova
  • minimum age of 18 years old at the date of credit issuance
  • maximum age of 65 years old at the maturity date of the credit
  • official income and capacity to pay that meets the bank requirementsi
  • at least 4 months of work at the current job and at least 3 salary records in the State Tax Service Report
  • during the last calendar year, no arrears of more than 61 days for the repayment of credits/ loans contracted from other creditors
  • no credits / loans subject to enforcement in the last 3 years

Required documents

  • documents confirming the monthly income of the applicant and the co-debtor(s) – the salary is extracted from the database of the State Tax Service/ the certificate confirming the military pension and other types of pensions/ confirmation of receipt of remittances/ lease contract/ declaration of income/ employment contract from abroad (for co-debtor)/ decision on distribution of dividends and others (as applicable)
  • a copy of the individual employment contract and its last addendum (at the request of the bank, if applicable)
  • the identity card and the supplementary sheet of the applicant/ co-debtor(s)
  • documents confirming the purpose of the credit
  • title deeds of the residential or commercial real estate provided as collateral
  • the excerpt from the Real Estate Register issued by the Public Services Agency
  • the valuation report of the real estate provided as collateral
  • the insurance policy of the real estate provided as collateral

Costs

  • Interest Rate – 17,59% consisting of the NBM Reference Index (9.47%) + Fixed Margin of the Bank (8.12%) 
  • File analysis commission
  • 1000 lei for loans up to 1,000,000 lei
  • 1500 lei for loans higher than 1,000,000 lei

Example of calculation

For a credit in the amount of 200,000 MDL with a term of 5 years, the monthly payment is 5,037.56 MDL, the EAIR is 19.69%, and the total amount payable is 305,253.57 MDL.

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