Type of loan

Target group

• Employees in budgetary and public institutions, successful commercial companies and/or legal entities with whom the Savings House cooperates, and employees in successful private commercial companies.

Loan amount

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

Repayment period

• 12, 24, 36, 48, 60 and 72 months
• Maximum grace period of 12 months

Interest rates

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, 48, 60 and 72 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, 24 and 36 months

Fees

• According to FULM Savings 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
• Verified certificate for net income and existing bans for net salary from the borrower and endorser/s
• 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