Bank charges

• Minimum monthly net salary in the amount of 9,100 MKD for each participant in the loan, individually.
• Administrative fees  in the amount of 1% of the amount of the approved loan, one-time payment
• Notary fee for establishment of a pledge on the vehicle and registry in Central Register
• Costs for CASCO vehicle insurance for the entire loan repayment period
• Compulsory participation when purchasing the vehicle:
• min. 20% of the vehicle’s value in the amount up to 16000 EUR
• min, 25% of the vehicle’s value in the amount over 16000 EUR

Criteria and documentation

Criteria

• Individuals, residents
• For SB payroll/non-SB payroll clients and non-SB pensioners - from 20 years at application up to 67 years on loan repayment date.
• For SB pensioners - up to 67 years on loan repayment date (in case when co-borrower/s is/are included and all the loan participants are pensioners at the moment of application, the age of any of the loan participant on loan repayment day can be up to 70 years, whereas one of the loan participants has to be with maximum age of maturity up to 67 years).
• Co-borrowers may be a member of the immediate family (parent, child, spouse),  on the contrary the following requirements shall be met:
• the co-borrower shall be a client receiving salary on a SB account (for at least 1 month), or
• the co-borrower shall be a client  with an existing loan product in SB or at any other bank and with good credit history
• For the accepted co-borrower (regardless whether they are members of the immediate family) 100% of the co-borrowers’ income and debts is taken into DTI calculation

Documentation

1. Car loan application form
2. Copy of ID or passport  (for the borrower, co-borrowers and mortgage debtor)
3. For clients receiving salary on a SB transaction account, only a transaction account statement for the last three months is required
4. For clients not receiving salary on a SB account, Certificate of Employment, signed and certified by the employer (not older than 30 days), and if necessary other documents to serve as proof of the monthly salary. The clients employed in private companies that are not joint-stock companies or state/public enterprise are required to submit a PP53 form (Declaration for receipt from PRO) for the last month.
5. Pro-forma invoice issued by the Car dealer regarding the sale of vehicle;
6. Depending on the marital status the borrower shall submit:
1. For individual who are not married, a copy of the Birth Certificate (not older than 6 months) or a copy certified by the MIA stating that no changes have been made into the existing certificate;  
2. For individuals who are married, a copy of the Marriage Certificate (without any restriction on the issuance date of the certificate).
7. The co-borrower  who is a member of the immediate family is required to submit valid Marriage Certificate or Birth Certificate
8. Consent for report submission by Macedonian Credit Bureau AD – Skopje
9. Additional documentation required by the bank