If anyone is considering a new or used car, does not have negative entries in the registers and can submit their income, they can apply for a Personal Loan from bank. It is not a special-purpose car loan, but a low-interest, non-purpose loan that can be used to finance the purchase of both new and old cars.
The loan from bank is a classic loan with a low interest rate and a long repayment period. The loan is non-purpose and for higher amounts clients can take advantage of credit collateral. The bank prides itself on the speed of credit approval.
If the client delivers all the necessary documents and fulfills the terms of the loan, the loan will be confirmed within 30 minutes. On the bank’s website, anyone interested in a loan can calculate how much he would pay monthly in installments.
Bank lends to its clients and new entrants CZK 30,000 to 2.5 million for anything. The loan is advantageous in that it can be arranged online and at a branch and clients can set the amount and date of the monthly payment themselves. In addition, they can pay the entire loan at any time without fees. If candidates prefer a personal meeting, they can arrange a meeting with the banker on a specific day and time.
The maximum maturity of the loan is 8 years and the condition for obtaining it is to open a current account with KB. With the account, bank clients will receive notification internet banking and mobile banking. They will find all the information about active loans. Payments are debited from the current account on the 10th, 15th or 20th day of the month. Change of installments is possible at the branch and clients should set the due date so that the installment date follows the payout date.
Sometimes it happens that the debtors do not send the installment on time. The bank will notify them by SMS or e-mail. If the clients pay the missing amount, they will avoid registration in the registers, reminders and possible sanctions. In case of loss of employment and other loss of income, clients can contact the bank and agree with them to postpone payments. For these cases, bank also offers repayment insurance. Applicants will pay a few hundred crowns for processing and evaluating the loan. This fee is charged by the bank only if the client has approved the loan.
• Any person who has Czech citizenship or permanent residence or residence permit in the Czech Republic and has reached the age of 18 may apply for a personal loan. Applicants must submit to the Bank two identity documents and a receipt or a tax return with proof of payment. However, the loan is not for business activities, only for private individuals. It is not accessible to people who do not receive regular income and have negative records in debtors’ registers.