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Refinancing cash loan

If you need to refinance your debt and get yourself some extra cash without paying a one-time fee for processing the loan application*, you should choose our refinancing cash loan! 

The maximum loan amount is RSD 3,500,000 with a repayment period of up to 70 months. To apply for a cash loan you need to have a current account with Mobi Banka without a monthly maintenance fee and issuance of a debit card fee.  If you don’t already have a current account with Mobi Banka, you can apply for the loan, and we will open your current account after the loan application is approved.

You can refinance your loan obligations with another bank quickly and easily, at no extra cost. An instruction of the National Bank of Serbia allows you to simply change your bank and to refinance all your loan obligations with the loan issued by the bank whose terms and conditions suit you the most. We will take over all communications with the bank whose loan you want to refinance, until that loan has been closed. 

The benefits of refinancing your loan obligations at another bank in accordance with the Instruction of the National Bank of Serbia:

  • You will no longer be required to submit the Certificate of Remaining Debt from another bank and you will nave no costs for the issuance of that Certificate.
  • No requirement to file an application for closing a cash loan at another bank.
  • No additional costs for the disbursement of loans for refinancing and closing loan obligations at another bank.

In accordance with the Instruction of the National Bank of Serbia, when applying for a loan for refinancing your loan obligations at another bank, you will be required to submit a filled in and signed Authorization for granting a loan for refinancing loans at another bank instead of the Certificate of Remaining Debt.
You can download this Authorization here

 

Terms and conditions for majority internal refinancing cash loan 

Loan amount from 60,000 RSD to 3,500,000 RSD
Period of repayment from 6 to 70 months
Interest rate (per annum) 60.000 - 300.000 RSD 16,95%
300.001 – 600.000 RSD 15,95%
600.001 – 1.000.000 RSD 12,95%
1.000.001 – 3.500.000 RSD 11,95%
One-off loan application processing fee without fee
Early loan repayment fee without fee
Credit Bureau report withdrawal fee without fee
 

Representative example of using a dinar cash loan for majority internal refinancing


Amount Repayment
period
NIR EIR Amount of the
monthly installment
One-time loan
application
processing fee

Total loan amount

(principal and interest)

300.000 RSD 36 months 16,95% fixed, annual 16,95% 10.506,37 RSD without fee 378.229,50 RSD
600.000 RSD 60 months 15,95% fixed, annual 15,95% 14.232,82 RSD without fee
853.969,25 RSD
1.000.000 RSD 70 months 12,95% fixed, annual 12,95% 20.049,02 RSD without fee
1.403.431,54 RSD
1.200.000 RSD 70 months 11,95% fixed, annual 11,95% 23.503,70 RSD without fee 1.645.259,29 RSD


Note: The stated effective interest rate applies as of the date the loan repayment schedule was created. The representative example was prepared on January 31, 2024.

 

Terms and conditions for majority external refinancing cash loan 

Loan amount from 60,000 RSD to 3,500,000 RSD
Period of repayment from 6 to 70 months
Interest rate (per annum) 60.000 - 300.000 RSD 15,95%
300.001 – 600.000 RSD 14,95%
600.001 – 1.000.000 RSD 11,95%
1.000.001 – 3.500.000 RSD 9,95%
One-off loan application processing fee without fee
Early loan repayment fee without fee
Credit Bureau report withdrawal fee without fee
 

Representative example of using a dinar cash loan for majority internal refinancing


Amount Repayment
period
NIR EIR Amount of the
monthly installment
One-time loan
application
processing fee

Total loan amount

(principal and interest)

300.000 RSD 36 months 16,95% fixed, annual 15,95% 10.506,37 RSD without fee 373.629,81 RSD
600.000 RSD 60 months 15,95% fixed, annual 14,95% 14.232,82 RSD without fee
837.546,43 RSD
1.000.000 RSD 70 months 12,95% fixed, annual 11,95% 20.049,02 RSD without fee
1.371.048,64 RSD
1.200.000 RSD 70 months 11,95% fixed, annual 9,95% 23.503,70 RSD without fee 1.568.161,03 RSD


Note: The stated effective interest rate applies as of the date the loan repayment schedule was created. The representative example was prepared on January 31, 2024.

*from 1 April 2020 until 30 June 2020.

 

How do I apply for a refinancing cash loan? 

(customers with current account)


Step 1. Fill in the application for a loan using the Bank’s web app or at the Bank’s point of sale together with the loan advisor, by entering your personal, financial and employer information.


Step 2. Submit the necessary documentation on the Bank’s web app:

  • Authorization for granting a loan for refinancing loans at another bank
  • Certificate of employment or a bank account statement from the commercial bank where you receive your salary/pension.
You will be required to submit the Authorization in its original form at the Bank’s point of sale, as well as the Certificate of Employment or bank account statements, unless they have originally been issued in electronic form or signed using an electronic certificate.

Step 3. Based on the provided data, the attached documentation and Credit Bureau report data, the Bank will make a decision on loan approval and inform you about it by SMS and email.


Step 4. After the loan application has been approved, you can learn about the offered terms and conditions using the Bank's mobile or web app. 


Step 5. The loan agreement will be concluded online for amounts up to 600,000 RSD, and your presence will be required at the Bank’s point of sale, for the delivery of the original documentation submitted when applying. You can find more information about entering into distance contracts here. The loan agreement for amounts over 600,000 RSD will be concluded at the Bank’s point of sale. 


Step 6. After the original documentation has been submitted, the Bank will obtain the necessary information about the loan obligations at another bank that you will be refinancing, on your behalf, and based on the Authorization.


Step 7. Based on the data received from the other bank, the loan will be disbursed, and we will notify you about this by SMS and email.


 
 

How do I apply for a refinancing cash loan? 

(customers without current account)


Step 1.  Visit the Bank’s point of sale to receive an offer from a loan advisor.


Step 2. At the point of sale, submit an application and attach the required documentation:

  • Authorization for granting a loan for refinancing loans at another bank
  • Certificate of employment or bank account statements

You will be required to submit the Authorization in its original form at the Bank’s point of sale, as well as the Certificate of Employment or bank account statements, unless they have originally been issued in electronic form or signed using an electronic certificate.


Step 3. Based on the provided data, the attached documentation and Credit Bureau report data, the Bank will make a decision on loan approval and inform you about it.


Step 4. After your loan application has been approved, visit the point of sale to open a current account without a monthly fee and payment card issuance fee. After your account has been opened, you can learn about the offered terms and conditions using the Bank's mobile or web app. 


Step 5. You will conclude the loan agreement at the Bank's point of sale, at which point you will provide the original documentation.


Step 6. After the original documentation has been submitted, the Bank will obtain the necessary information about the loan obligations at another bank that you will be refinancing, on your behalf, and based on the Authorization.


Step 7. Based on the data received from the other bank, the loan will be disbursed, and we will notify you about this by SMS and email.

 
 
 

Required documents

 

Full-time employees

  • Authorization for granting a loan for refinancing loans at another bank
  • The monthly bank account statements from the bank where you have been receiving your salary for the past 3 months in PDF, showing the last three salaries paid in. You usually receive your statements by email or you can download them using internet or mobile banking, or
  • Certificate of employment and amount of income issued in soft copy and signed with a digital certificate by the employer. 

If the employer does not issue a certificate certified by a digital certificate, you can attach a certificate stamped and signed.

An example of correctly completed Certificate verified with the stamp and signature is presented below.

  • PPDG5/PPDG2R – Certificate of personal income tax return for taxpayers of this type of tax
 
Employment type and income verification document Sample employment type and income verification document Authorization for granting a loan for refinancing loans at another bank (PDF). Example of a properly filled in Authorization for granting a loan for refinancing loans at another bank (PDF).
 

Pensioners

RSD pension

  • Authorization for granting a loan for refinancing loans at another bank
  • The monthly bank account statements from the bank where you have been receiving your pension for the past 3 months in PDF, showing the last three pensions paid in. You usually receive your statements by email or you can download them using internet or mobile banking, or
  • Pension checks for the last three months, or
  • Certificate on the amount of pension issued by the RS Pension and Disability Insurance Fund

Foreign currency pension

  • Authorization for granting a loan for refinancing loans at another bank
  • A copy of the decision issued by the competent pension fund – the document needs to be translated by a certified court interpreter. The translation will not be required for foreign currency pensioners who receive their pension cheques from Croatia, Bosnia and Herzegovina or Montenegro
  • The monthly bank account statements from the bank where you have been receiving your foreign currency pension for the past 6 months in PDF, showing the last six pensions paid in. You usually receive your statements by email or you can download them using internet or mobile banking

Authorization for granting a loan for refinancing loans at another bank (PDF). Example of a properly filled in Authorization for granting a loan for refinancing loans at another bank (PDF).
 

Who can apply

Loan payoff