Citizens, you can easily obtain a loan of 90,000 dinars: you do not need an open account, nor a deposit

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However, information is spreading even faster that today there is almost no bank where such a loan can be obtained.

With the new regulations, the NBS gave the opportunity to banks to approve loans of up to 90,000 dinars for two years and to citizens who are not currently their clients, that is, who do not have an open account and do not receive profits from them.

As planned, all that is needed is a declaration that citizens sign and deliver under full criminal and material responsibility, and which probably has the force of a bill of exchange.

However, this opportunity that banks are given is not their obligation, and that is why it is very difficult to get such a loan. And the regulation came into effect about twenty days ago.

– It seems to me that this measure will be the least popular of the three that the NBS brought in the package, and I would say that it will not come to life in practice. I do not find it too attractive from the point of view of the banks, nor from the point of view of the citizens, potential users of such loans, who would have to think about the statement they sign when approving the loans – says Zoran Grubišić, professor of the Belgrade Banking Academy.

He emphasizes that, of course, it is up to the banks to evaluate whether they will offer such options to the market, because they are the ones who bear the risk and have to recalculate, if something like this is worth it.

– The only possible advantage of this new regulation is that citizens can take a loan product from another bank, for example a cash loan, if the conditions are more favorable than the bank where they already receive a salary. However, that amount of 90,000 dinars is not too much … – he concludes.

Economist Aleksandar Stevanović has a similar view, saying that loans approved in this way would be slightly riskier products. That basically means two things: more approval from the bank, but also higher interest rates.

– On the other hand, it is a good competition mechanism, because if a bank begins to lower interest rates, all the others could do the same – he says.

Stevanovic recalls that the current market situation is not unknown to bankers because, according to him, banks have practically made a living from “refinancing and repacking loans” for the past 6-7 years.

Proof of earnings is crucial for loan approval.

In case the banks still decide on such loans, they will decide on the interest individually. Currently, cash loans in banks can be taken at an average interest rate of 10 to 12 percent, and in the case of a 90,000 dinar two-year loan, that would mean an average monthly installment of around 4,150 dinars. .

Among the most common questions related to new loans was whether a loan of this type can be taken by students, unemployed people or citizens who work illegally. The answer is no, because one of the key conditions for approving a loan in Serbia is proof of income, be it a question of salary or pension.

Banks also grant loans to citizens who work for a fixed term, but tie the last installment to the expiration of their employment.