New offer in Societe Generale bank - longer repayment periods and lower interest rates

Bank Societe Generale in Serbia has represented the new credit offer for citizens who have their checking accounts opened with that bank. The characteristic of these new credits are longer repayment periods and lower interest rates.

The executive manager for retail services, Miroslav Rebić, said that the cash credits and refinancing credits were beeing approved with the repayment period of 96 months without endorsers and with the nominal interest rate of 10% and effective interest rate of 11.27% on annual basis. These credits are approved in amount of 500 - 12,000 EUR and the repayment period can even be prolonged to 120 months or 10 years on certain conditions.

The nominal interest rate for credits for refinancing of credits taken in that or in other banks amounts to 10%, whereas the effective interest rate amounts to 9.6%, while there is no administrative expenses.

Also, the terms for approval of credits for renovation of the housing space have been changed, so that they are now approved in amount of 5,000 - 50,000 EUR with the repayment period of 60 - 180 montsh, with the effective interest rate of 6.79% on annual basis.