This is the first time that the nominal and effective interest rates are equalized on the Serbian market, which will provide clients with clear insight into actual credit price. Cash credit can be also used for refinancing of debts to other banks, such as card or current account overdraft and cash credits.
“During two years of Telenor Banka’s operations, we strived to offer our customers products which are simple, unique and based on their actual needs. Customers have recognized this approach and today, apart from the second birthday, we are also celebrating the 200000th opened account. Credits can be very complex and it is for the purpose of easier understanding and simplification of the process, that we decided to offer our clients one credit price, and abolish all additional fees. In that way, they can fully understand and predict costs and manage finances more easily. What they see on the paper is what they really need to pay”, says Martin Navratil, President of the Executive Board of Telenor Banka.
