CKB

CKB client protection program

  • (Re)finance yourself …
  • Prolong repayment period
  • Postpone payment of monthly instalments
  • Consolidate your debt with surety
  • Consolidate your debt by adding mortgage as collateral
  • Combine repayment period prolongation and postponing monthly instalments payment

Instruments

1. Prolongation of repayment period


Prolongation of loan repayment period means restructuring of the existing loan original maturity by prolonging the standard maturity of the contracted loan product. It relates to all term loans: personal loans (cash loans), non-specific purpose loans, specific purpose loans, car loans, housing loans and equity loans.


Prolongation of the original loan maturity is possible if the following conditions are met:


  • For personal loans (cash loans), car loans, and specific purpose loans it will be possible to prolong the maturity by maximum 2 years over the loan product maturity;
  • For non-specific purpose loans it will be possible to prolong the maturity by maximum 3 years over the loan product maturity;
  • For equity loans and housing loans it will be possible to prolong the maturity by maximum 5 years over the product maturity;
  • Repayment period may be prolonged until the debtor reaches 65 years of age. If the client reached the age of 65, maturity prolongation may be accepted only by including a solvent guarantor below the age of 65 at the loan maturity date;
  • No additional fees are charged for this instrument, i.e. the interest rate remains unchanged.

2. Postponing monthly instalment payment


It is intended for clients with current problems in payment. They may ask for temporary postponement of monthly instalment payment for a certain time period (maximum 6 months). During the period of loan repayment postponement, a client will be asked to pay monthly interest or minimum amount (minimum 20% of the original monthly annuity). It applies to all term loans: personal loans (cash loans), non-specific purpose loans, specific purpose loans, car loans, housing loans and equity loans.


No additional fees are charged for this instrument, i.e. the interest rate remains unchanged.


3. Debt consolidation with surety


As for this instrument, clients may choose to replace the existing and due overdraft loans, and debts under credit cards and personal loans, by a new loan that fully covers the entire unpaid amount at the time of the application submission. The maximum loan amount may be EUR 10,000. It relates to the following loans: overdraft loans, credit cards, personal loans (cash loans) and specific purpose loans. Maximum maturity of this loan is 60 months i.e. until the debtor reaches the age of 65. If the client reached the age of 65, the application may be accepted with the involvement of a guarantor bellow the age of 65.


For loan amounts up to EUR 5,000, a fee is charged at the rate of 14% p.a., and for loans from EUR 5,000 to 10,000 a fee is charged at the rate of 12% p.a. A fee for contract modification amounts to 1%.


4. Debt consolidation by adding mortgage as collateral


Clients may choose to replace the existing but due overdraft loans, and debts under credit cards and personal loans, with a new loan that covers the entire unpaid amount at the time of the application submission. Maximum loan amount may be EUR 200,000. Maximum 6 months grace period may be approved with interest payment. It relates to overdraft loans, credit cards, personal loans (cash loans), specific purpose loans and non-specific loans. Maximum maturity of this loan is 60 months i.e. until the debtor reaches the age of 65. If the client reached the age of 65, the application may be accepted with the involvement of a guarantor bellow the age of 65.


Interest rate of 9.90% p.a. is charged for the implementation of this instrument as well as the fee for contract modification of 1%, one off.


5. Combination of repayment period prolongation and postponing monthly instalment repayment


Loan reprogramming through this instrument enables simultaneous use of repayment period prolongation and postponement of monthly instalments.


Rules valid for any of these instruments individually shall apply to all aspects related to this product.

Information

More details about the product clients can get by visiting the nearest CKB branch or by calling the CKB Call Centre at 19894. All necessary documents for applying for this loan are available at all CKB counters, as well as on our website.