Car Loan Auto

Up to 300,000 Lei, without material guarantees, for a period of up to 5 years

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About the credit Advantages Eligibility criteria of the applicant Required documents Costs Example of calculation

About the credit

g Purpose

purchasing new or second-hand cars from authorized dealers or individuals

refinancing credits issued for the same purpose by other financial institutions

Maximum age of the car at the time of purchase – maximum 7 years

k Term

Minimum 6 months

Minimum 60 months

h Maximum credit amount

300,000 MDL

Advantages

  • No pledge
  • Minimum set of documents
  • Quick examination of credit applications
  • No CASCO insurance
  • Low costs, transparent and flexible credit conditions

Eligibility criteria of the applicant

  • citizenship of the Republic of Moldova or foreign citizenship / statelessness – tax residence of the Republic of Moldova
  • minimum age of 18 years old at the date of credit issuance
  • maximum age of 65 years old at the maturity date of the credit
  • official income and capacity to pay that meets the bank requirements
  • at least 6 months of work at the current job and at least 6 salary records in the State Tax Service Report
  • no credits / loans subject to enforcement in the last 3 years

Required documents

  • documents confirming the monthly income of the applicant and the co-debtor(s) – the salary is extracted from the database of the State Tax Service/ the certificate confirming the military pension and other types of pensions/ confirmation of receipt of remittances/ lease contract/ declaration of income/ employment contract from abroad (for co-debtor)/ decision on distribution of dividends and others (as applicable)
  • the identity card and the supplementary sheet of the applicant and the co-debtor(s)
  • during the last calendar year, no arrears of more than 61 days for the repayment of credits/ loans contracted from other financial institutions/ banks
  • the credit contract with the repayment schedule in case of refinancing
  • the car sale and purchase pre-contract
  • a copy of the certificate of registration

Costs

  • Interest Rate – 18.59%, consisting of the NBM Reference Index (9.47%) + Fixed Margin of the Bank (9.12%)
  • File analysis commission - 700 MDL

Example of calculation

For a credit in the amount of 300,000 MDL with a term of 5 years, the monthly payment is 7,718.98 MDL, EAIR is 20.37%, the total amount payable is 463,839.10 MDL.

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