No loan processing fee for clients who request a loan online

Zagreb, 12 March 2015 – Erste&Steiermärkische Bank d.d. (Erste Bank) no longer charges a processing fee for all clients who request cash loans via the online application available at the Bank’s website. This benefit includes all types of cash loans offered by the Bank requested this way. Apart from saving time, clients also save 1% of loan amount (up to HRK 600) on the fee for regular processing of a loan request.

A credit application can be filled out at any time. After entering the wanted amount, payment period in months, selecting the currency (EUR or HRK) and the branch to close the loan, it is necessary to enter information about the applicant, their job and personal income. The application is then sent to the selected Erste Bank branch. Upon receiving the application, credit advisor contacts the applicant to agree on further steps in closing the loan.  

Erste Bank offers a number of cash loan types, such as the HRK cash loan, EUR cash loan, cash loan with a mortgage, or cash loan intended for pensioners. Among other options, clients can choose a HRK cash loan with the payment period of three to ten years. The loan amount ranges between HRK 15,000 and HRK 228,000, with the possibility of a fixed interest rate between 8.70% and 9.55% for loans up to 5 years, or a variable interest rate of 8.42-9.32% for loans up to 10 years. The variable rate for HRK loans is tied to 6m NRS2.

In 2014 Erste Bank recorded a growth in cash loans by 11% year-on-year to almost HRK 2.3 billion.