Type of loan

Target group

• All pensioners in the Republic of Macedonia (regardless the manner and place of receiving the pension)

Loan amount

• Maximum amount of credit exposure per loan account is 700.000  denars*

Repayment period

• 12, 24, 36 and 48 months
• Maximum grace period of 12 months

Interest rate

Annual fixed interest rate**

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)

Repayment

• Monthly by paying annuities (monthly installments) – for loans with repayment period from 12, 24, 36 and 48 months and
• Possibility for a repayment mode by which the interest is paid on monthly basis, the principal matures after the expiration of the time period approved for the loan – for loans with repayment period from 12 months

Fees

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

Minimum loan criteria

• Individuals, citizens of the Republic of North Macedonia 
• The borrower gets more favorable conditions if he is a member of FULM

Minimum required documents when applying for loan

• Copy of valid ID card or passport of the borrower and endorser/s
• Copy of the pensioner’s cheque for the last 3 months for the borrower and endorser/s (only if the endorsers are pensioners)
• Completely filled in loan application forms

Advantages

• Payment in cash or to a payment account
• No fee is charged for premature repayment of the loan
• Favourable conditions during anew applying for loan