Car loan

Car loan conditions, EUR, fixed and variable interest rate

• Type of loan: Car loan
• Loan currency: EUR
• Criteria for indexing: indexed
• Loan amount: from 1,800 up to 50,000 EUR   
• Participation: 30%
• Repayment period: 12 - 95 months
• Credit application processing fee: 1,99%

Interest rates for Car loans in EUR:
 

Car loan conditions, RSD, fixed and variable interest rate

• Type of loan: Car loan
• Loan currency: RSD
• Criteria for indexing: none
• Loan amount: from 200.000 up to 5.850.000 RSD
• Participation: 0%
• Repayment period: 12 - 95 months

Interest rates for Car loans in RSD:
 

• Collateral:
  - for loan amounts up to RSD 1,200,000 no promissory notes and an administrative ban are required
  - for loans from RSD 1,200,001 to RSD 3.500.000 promissory notes and an administrative ban are required;
  - for loans from RSD 3,500,001 promissory notes, an administrative ban and the borrower's ownership of property (without registering a mortgage) are required
• Additional costs: Bill of exchange 50 RSD, Credit Bureau Report 246 RSD, The cost of the pledge of the vehicle in question 26.060 RSD, Maintenance cost Basic account package 150 RSD
• No cost of loan maintaining
• Payment in accordance with the loan agreement.
• All examples are given with the transfer of earnings to the account held with ProCredit Bank and with the use of the Basic package account.
• For a representative example, the value of 6m Euribor 2.063% (as of June 1, 2025).
• The adjustment to the six-month EURIBOR is carried out semi-annually, using the rates published for 1 December and 1 June, or for the first following business day if it falls on a non-business day. The new six-month EURIBOR thus determined is applied when calculating annuities due in the following six months, in relation to the months of December and June. The Bank shall provide the Clients with a Notice of Adjustment in accordance with this paragraph, with the new repayment schedule.
• For new loan disbursements, the newly established reference interest rate, as stated in the previous paragraph, shall apply starting from disbursements on December 6th and ending with disbursements on June 5th, namely the interest rate published for December 1st, or starting from disbursements on June 6th and ending with disbursements on December 5th, namely the interest rate published for June 1st.
• The above conditions are for informational purposes only.

*The Bank reserves the discretion to request additional documentation from the client on the basis of credit risk assessment
 

Car Loan example with variable interest rate, EUR

• Loan example 14,000 EUR
• Type of loan: Car loan
• Loan currency: EUR
• Criteria for indexing: indexed
• Car value: 20,000 EUR
• Loan amount: 14,000 EUR
• Participation: 30%, 6,000 EUR
• Repayment period: 60 months
• Credit application processing fee: 1.99%
• NIR (annual, variable): 3.5% + 6m Euribor
• Value of 6m Euribor used in example: 2.06%
• EIR: 6.89%
• Monthly instalment: 268.35EUR
• Total loan amount to be repaid by the beneficiary after 60 months: 16,101.21 EUR

Car Loan example with fixed interest rate, EUR

• Loan example 14,000 EUR
• Type of loan: Car loan
• Loan currency: EUR
• Criteria for indexing: indexed
• Car value: 20,000 EUR
• Loan amount: 14,000 EUR
• Participation: 30%, 6,000 EUR
• Repayment period: 60 months
• NIR (annual, fixed): 6.30%
• EIR: 7.69%
• Monthly instalment: 273,26 EUR
• Total loan amount to be repaid by the beneficiary after 60 months:  16.395,37 EUR

You can calculate an example of the loan amount you want using our loan calculator

Additional costs:

• Account management (monthly) : 150 RSD
• Bills of exchange (one-time) : 100 RSD

• Total cost of fees (one-time) : 1.99%

   

• Collateral:
  - for loan amounts up to RSD 1,200,000 no promissory notes and an administrative ban are required
  - for loans from RSD 1,200,001 to RSD 3.500.000 promissory notes and an administrative ban are required;
  - for loans from RSD 3,500,001 promissory notes, an administrative ban and the borrower's ownership of property (without registering a mortgage) are required
• Additional costs: Bill of exchange 50 RSD, Credit Bureau Report 246 RSD, The cost of the pledge of the vehicle in question 26.060 RSD, Maintenance cost Basic account package 150 RSD
• No cost of loan maintaining
• Payment in accordance with the loan agreement.
• All examples are given with the transfer of earnings to the account held with ProCredit Bank and with the use of the Basic package account.
• For a representative example, the value of 6m Euribor 2.063% (as of June 1, 2025).

The adjustment to the six-month EURIBOR is carried out semi-annually, using the rates published for 1 December and 1 June, or for the first following business day if it falls on a non-business day. The new six-month EURIBOR thus determined is applied when calculating annuities due in the following six months, in relation to the months of December and June. The Bank shall provide the Clients with a Notice of Adjustment in accordance with this paragraph, with the new repayment schedule.

For new loan disbursements, the newly established reference interest rate, as stated in the previous paragraph, shall apply starting from disbursements on December 6th and ending with disbursements on June 5th, namely the interest rate published for December 1st, or starting from disbursements on June 6th and ending with disbursements on December 5th, namely the interest rate published for June 1st.

The above conditions are for informational purposes only.

*The Bank reserves the discretion to request additional documentation from the client on the basis of credit risk assessment

For consumer loans up to RSD 1,200,000 / EUR 10,000

• Calculated installments and completed online loan application
• Consent for the Credit Bureau (submit as part of the online application)
• Bank account statement for the previous 6 months
• Supplier invoice

For consumer loans over RSD 1,200,000 / EUR 10,000

• Calculated installments and completed online loan application
• Consent for the Credit Bureau (submit as part of the online application)
• Bank account statement for the previous 6 months
• Calculation lists - previous 3 incomes (if any are missing, submit the Certificate of the amount of income from the employer)
• Administrative ban
• Supplier invoice

*The Bank reserves the discretion to request additional documentation from the client on the basis of credit risk assessment

If you have decided to buy a new car and want to buy it with a loan, these are the steps you need to follow:

• Obtain a pro-invoice from the vehicle seller
• Use loan calculator to calculate the loan installment that suits you, on our website
• Choose whether you want a loan in dinars and euros
• Complete an online loan application
• Our Client Advisors will contact you to submit the necessary documentation
• After submitting all the documentation, we inform you whether the loan has been approved
• You arrange an appointment with the advisor for signing the contract at the branch
• We disburse the loan to the seller's account, according to the pro-invoice
• You pick up the car at the dealer

Yes, it is possible to buy a new car with a loan without a down payment if you choose a loan in RSD, because no down payment is required for RSD loans.

The maximum loan amount  is RSD 5,850,000, while the maximum repayment term is 95 months.

Learn more about Car loan conditions

Of course, it is possible to take Car loans for used vehicles.

If you are buying a used car from a legal entity, you can choose a loan in EUR or RSD, as it suits you. In this case, you need a pro-invoice from the seller.

If you are buying a used car from a natural person, you can choose a loan in RSD, while for a loan in EUR you additionally need a contract with a seller, certified by a notary.

Note: For loans in EUR, it is important that you know that the proforma invoice and/or contract must be expressed in EUR. The loan is disbursed in dinars, at the middle exchange rate on the day of payment, directly to the seller's account, which is specified in the pro-invoice.