LOAN PRICES – For Kosovo clients
| Type of loan | Amount | Duration | Nominal/Effective interest rate | Administrative expenses | Prepayment provision | |
|---|---|---|---|---|---|---|
| Instant loan | 100–500 | From 1 to 12 months | 26% | 29.35% | 0 | If the period between the loan prepayment and the loan's regular maturity date does not exceed one year, you will be charged the unpaid principal plus 0.5% of this principal. |
| Payment loan | 1000–5000 | 24% | 26.83% | |||
| Merchant loan | 50–2000 | 24% | 26.83% | |||
** Based on the Regulation on Late Payment Interest on Credit Instruments, the CBK publishes on a regular six-month basis data on the reference rate as part of the late payment interest here.
Penalty interest in decimal numbers: 0.1246
Days of the year 365 or 366
Penalty interest = 0.1246 / 365
Interest = Remaining principal * 0.000341 * days late
(500 Eur x 0.000341 x 4 days late) = 0.68
If the client pays during the first three days after being late then the penalty will not be calculated.
If the client is late for more than 3 days the penalty will be calculated for the entire period that the client was late.