Individual loans up to €50,000 without mortgage and with an effective interest rate starting from 5.52%

Who can apply for a loan?

All employees of state institutions, public companies, the private sector and clients with rental income.

– For employees of state institutions and public companies, the maximum maturity is up to 120 months.

– For employees of the private sector, the maximum maturity is up to 84 months.

What do you need to apply?

– Receive your salary through TEB Bank or bring confirmation from your employer that your salary will be transferred to TEB.

Required documents for application:

– Valid identification document (ID card, Passport or Driver’s License)

– Utility bill (electricity, water, waste or telephone) proving your address (not older than 6 months)

– Valid employment contract

– Bank statement (last 6 months) for non-bankers

Additional documents that may be required based on the loan amount:

– Proof of additional family income

– Co-borrower: ID / Employment contract / Bank statement (last 6 months)

– Guarantor: ID / Employment contract / Bank statement (last 6 months)

– Mortgage: Title deed and copy of plan (not older than 6 months)

– Vehicle registration (vehicle must not be older than 12 years)

LOAN CALCULATION EXAMPLE

Loan financing amount €50,000

Annual interest rate for the first three years starting from: 5.28%

Annual interest rate after the third year starting from: 5.28% + EURIBOR

Administrative costs 0.50%

Loan maturity up to 120 months

*Effective interest rate for the first three years starting: 5.52%

*Effective interest rate after the third year cannot be calculated due to the volatility of the Euribor value

EURIBOR is the abbreviation for Euro Interbank Offered Rate and refers to the interest rate based on the supply and demand of money in the European market as well as based on daily quotes sent by the largest European banks. When customers take out a loan with a variable interest rate linked to Euribor, they should take into account possible changes in Euribor, which TEB Bank applies every six months for the duration of the loan.

Variable Interest – the EURIBOR reference rate updated on a daily basis for the period specified in the Change Interval in the Specific Credit Terms. If in the future the publication of EURIBOR is discontinued, a successor reference rate determined by the authorized EURIBOR administrator will be used.

Offer valid until 31.12.2024.

For more information, please contact the Call Center at 038 230 000, Facebook /messenger (TEB Sh.A), Instagram (TEB Sh.A).

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