Security for the loan
Up to MKD 300,000 - without a guarantor
From MKD 300,001 to MKD 610,000 – 1 (one) creditworthy guarantor or notarized Loan Agreement
Over MKD 610,000 – Creditworthy guarantor or a promissory note in a form of notary act. Mandatory additional security is the borrower’s life insurance policy purchased through the Bank and vinculated in favor of the Bank during the repayment period of the consumer loan.
*For notarization of the Agreement it is necessary that the spouse or close relative (brother, sister or parent) appear as co-debtor in the Loan Agreement.