Target group

• employed persons with / without additional income, farmers, unemployed with additional personal income, who are members of AC FULM

Loan amount

• from 30.000 to  700.000 MKD – denar loan*

Repayment period

• from 12 to 72 months

Grace period

 • when concluding the contract, a grace period of 12 months can be chosen

Security

• Endorser/s, and/or verification of bill of exchange in the form of notary act and without endorser/s (depending on the granted loan amount and credit history at FULM Savings House)

Interest rate

nominal fixed interest rate on annual basis of 0% for the first months (maximum 12 months), and for the consequent months the interest is variable on annual level and reference rate increased by 8 (eight) percentage points

(Annual rates of total costs)

Repayment

• monthly by applying the method of payment only of interest, with one-time maturity of the principal on the maturity date and the possibility to reduce the principal in each period of the loan except in the period of intercalary interest

• monthly by applying the method of annuity payments and the possibility of additional reduction of the principal in each period of the loan, except in the period of intercalary interest

Fee 

• According to FULM Savings House pricelist on the day the contract is concluded

Minimum loan criteria

• Individuals, citizens of the Republic of North Macedonia

Minimum required documents when applying for loan

• Copy of valid ID card or passport of the borrower and endorser/s
• Verified certificate for net salary and existing bans for net salary from the endorser/s
• Completely filled in loan application forms