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Express Consumer Loan
This loan finances the following and more;
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Electrical and electronic appliances;
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Furniture for your home;
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Air conditioning equipment;
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Personal computer;
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Financing your vacation;
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Children’s studies, etc.
Benefits from Express Consumer Loan
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Fast process;
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Few documents required;
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Collateral is not required;
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Immediate funding;
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More facilities if you have the salary at OTP Bank
More on Express Consumer Loan
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Financing up to 2,000,000 ALL;
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Repayment term of up to 7 years;
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Unchanged monthly installments for the entire duration of the loan;
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Fixed interest rates for fixed loan duration:
| Tenor | Payroll in OBA | Payroll in other banks | 1. Income from business (non-payroll) 2. Others (but paying regular social insurances) |
|---|---|---|---|
| 1 year | 3.65% | 4.15% | 4.9% |
| 1 – 2 years | 6.25% | 6.75% | 7.5% |
| 2 – 3 years | 7.25% | 7.75% | 8.5% |
| 3 – 5 years | 8.25% | 8.75% | 9.5% |
| 5 – 7 years | 8.75% | 9.25% | 10% |
* The above interest rates apply to all customers with regular payment of salaries or rent. For all other clients with irregular income, it will be applied a 1.0% interest rate higher than the above rates.
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This loan is only offered in the ALL currency
For more information please download here the standardized pre-contractual documentation for Express Consumer Loan.
How To Get Express Consumer Loan
To apply, you can submit through your Personal Banker the following documents:
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Statement of income;
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Identity Card or Passport, and Family Certificate;