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Loans
Union Banka approves loans to legal entities. The loan application needs to include: the basis, purpose and amount, appropriate documents about justification of lending and establishment of creditworthiness, repayment security instruments, and amount of own participation.
The general criteria for use of loans are: creditworthiness, participation in the financial potential of the Bank, quality of the project and quality of repayment security instruments offered to the Bank.
For the loans approved to the legal entities Union Banka calculates interests at the fixed interest rates on an annual basis as follows:
| Short-term loans: |
annual rate |
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| a) up to 6 months |
7,0 – 8,0% |
| b) over 6 months to 12 months |
8,1 – 9,0% |
Long-term loans: |
annual rate |
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a) over 12 months to 36 months |
8,3 – 9,2% |
b) over 36 months |
9,3 – 9,6% |
Examples of Effective Interest Rate disclosure:
| Short-term loans |
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| a) 6 months |
8,87 – 9,89% |
| b) 12 months |
9,13 – 10,05% |
Long-term loans |
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a) 36 months |
8,76 – 9,67% |
b) 60 months |
9,60 – 9,90% |
Notice: Disclosed Effective Interest Rates are effective on the date of creating a repayment schedule.
For detailed information about loans, please call: 033-561-000, 561-015, 561-016, E-mail: krediti@unionban.com.ba or dial branch network telephone numbers.
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