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The Bank approves loans for buying all types of cars under the following conditions: 

 

New cars

Used cars

Product name

Car loan for buying all type or model of new car

Car loan for buying all type or model of used car

Beneficiaries

Macedonian citizens
Age 18-65 (by the time of the final instalment to be less than 65 years)

Macedonian citizens
Age 18-65 (by the time of the final instalment to be less than 65 years)

Down payment

Minimum 10%

Minimum 20%

Amount

Min. EUR 3.000

Minimum down payment 20%

Loan tenor

From 12-72 months

Car “age” + loan tenor <= 84 months    
6 years old car – 1 year term
5 years old car – 2 years term
4 years old car – 3 years term
3 years old car – 4 years term
2 years old car – 5 years term
1 year old car – 6 years term
 

Payment

• One-shot after signing the contract, on the account of the salesman opened in Alpha Bank AD Skopje (the payment is in MKD)
• If the loan is FX, the funds are paid with middle exchange rate of EUR

• One-shot after signing the contract, on the account of the salesman opened in Alpha Bank AD Skopje (the payment is in MKD)
• If the loan is FX, the funds are paid with middle exchange rate of EUR

Repayment

• Monthly instalments
• Possibility for full or partial repayment without penalty fee

• Monthly instalments
• Possibility for full or partial repayment without penalty fee

Interest rate
(variable) 

·  FX loan 7,5% **
• MKD loan 8,5% ***

·  FX loan 7,5% **
• MKD loan 8,5%***

Expenses ****

• 100 EUR fee, one-shot, in MKD counter-value
• Expenses for booking the pledge and car insurance

• 100 EUR fee, one-shot, in MKD counter-value
• Draft MKD 500
• Expenses for booking the pledge and car insurance

Collateral  *****

• Car pledge on the car that is being bought, on behalf of Alpha Bank AD Skopje
• Kasko insurance of the car on behalf of Alpha Bank AD Skopje (franchise EUR 500)

• Car pledge on the car that is being bought, on behalf of Alpha Bank AD Skopje
• Kasko insurance of the car on behalf of Alpha Bank AD Skopje (franchise EUR 500)
• Draft MKD 500

Loan criteria

·  Citizens of RM
·  Person with regular (permanent) employment ore pensioner  
· Instalment in relation with family income  *** ***
1:3
If the down payment is 10%-30%
1:2
If the down payment is 30%-50%
1:1
If the down payment is above 50%

·  Citizens of RM
·  Person with regular (permanent) employment ore pensioner 
· Instalment in relation with family income  *** ***
1:3
If the down payment is 10%-30%
1:2
If the down payment is 30%-50%
1:1
If the down payment is above 50%

Required documents

• Copy of ID
• Pro-forma invoice from the salesman
• Certificate for regular (permanent) employment and the height of the monthly salary, pension cheque and other proof for incomes 
• Review for the last 3 paid salaries, M1/M2 form (for persons employed in private companies)

For the person:
• Copy of ID
• Pro-forma invoice from the salesman
• Certificate for regular (permanent) employment and the height of the monthly salary, pension cheque and other proof for incomes 
• Review for the last 3 paid salaries, M1/M2 form (for persons employed in private companies)
• Birth or wedding certificate

For the car:
• Evaluated value of the car according to the car-dealer
• Card for car maintenance
• History of car maintenance according to the authorised car-dealer/importer
• Document for first car registration (registration certificate)

Approval

3 working days (after competition of the documentation)

3 working days (after competition of the documentation)

Connected products

 AMEX Credit Card with limit up to EUR 900 (only for non-cash payments) according to the income

AMEX Credit Card with limit up to EUR 900 (only for non-cash payments) according to the income

Co-applicant (s)

Only in case the criteria for family income or the age is not fulfilled, there can be maximum 2 co-applicants

Only in case the criteria for family income or the age is not fulfilled, there can be maximum 2 co-applicants

 
 

**) EIR  8.135 calculated for EUR 10.000 and 72 months
***) EIR 8.93% calculated for EUR 10.000 and 72 months
****) 0% fee for cars bought from KIA Motors, Elektroelement DOO Skopje, Avtokuka Skopje, CityCar Skopje, Toyota Skopje as well as their car-dealers
*****) For cars which value is bigger then EUR 25.000, draft of MKD 500 is stipulated as additional collateral
*** ***) Family income is income of the applicant and spouse based on salary, pension, rent, dividend,       income from agricultural activities, regular incomes from abroad and other incomes that can be                 documented
                - as proof for income from rent, proof for ownership of the property that is leased and contract        for rent verified by notary should be submitted.
                - as proof for agricultural activity a document for conducted buy-off of agricultural products and       proof for ownership of land or other adequate proof should be submitted
                - as proof for income upon dividend receipt/report for paid dividend and paid personal tax from      the institution for which shares the dividend is received, to be submitted. Therefore the amount              should be divided with 12 months. 
Information: Credit 1
Telephone: 3103-021, e-mail: [email protected]

 
Address: Dame Gruev 1, MK-1000 Skopje         + 389 2 3289 400, Fax: + 389 2 3116 830         E-mail:[email protected]