December 8th, 2016 - Telenor banka has prepared a special offer for the upcoming holiday season – cash loans with the lowest interest rate in the market at 9 percent and repayment periods from 13 to 36 months.
The cash loans offered by Telenor banka may be used for refinancing purposes and are free of any additional costs such as credit bureau, loan administration and processing costs or bill of exchange fee. The clients have a clear insight into the actual price of the loan, as the effective and the nominal interest rate are equalized.
„We are offering to our clients a special 9 percent interest rate until 28th February, which is the lowest interest rate in the market. Additional advantage of our cash loans is that they are free of any additional costs charged by other banks. For example, for a cash loan in amount of 300,000 RSD, the 2 percent administrative expenses amount to 6,000 RSD. Our clients will receive full amount of 300,000 RSD, as opposed to 294,000 RSD they would have received after deduction of the administrative expenses“, said Miloš Polovina, Acting Marketing Director of Telenor banka.
With this new offer,that will continue until the end of February, the interest rate offered for the loans with extended repayment periods is among the most favorable in the market. For the loans with maturity date in the range from 37 to 84 months, the interest rate is 6.6 percent plus six-months BELIBOR. Loan request procedure is simplified and managed through an online application, so there is no need to visit a Telenor shop, and once the loan is approved it can be accepted using a mobile application.