Refinancing

Terms and conditions of refinancing with a fixed or a variable (floating) interest rate

• Type of loan: refinancing loan
• Loan currency:  RSD
• Indexing criteria: no criteria
• Loan amount: from RSD 200,000 to RSD 5,850,000   
• Downpayment: none
• Repayment period: 12 - 71 months
• Interest rates on refinancing:

Special offer valid until December 31st 2025. for clients who have not received earnings to their current account at ProCredit Bank in the previous 3 months and who will transfer their earnings to their current account at ProCredit Bank

• Collateral:
  - for loan amounts up to RSD 1,200,000: without a bill of exchange or Attachment of Salary
  - for loans from RSD 1,200,001 to RSD 3,500,000 it is necessary to provide bills of exchange and an Attachment of Salary;
  - for loans exceeding RSD 3,500,001 bills of exchange, Attachment of
• Salary and the borrower is required to have property in their name (not mortgaged)
• Loan application processing fee: 0.00%
• Additional expenses: Bill of exchange RSD 50, Credit Bureau Report RSD 246, Total Package maintenance fee RSD 150
• No maintenance fees. Disbursement in line with the Loan Agreement.
• All examples are provided with the transfer of salary to an account held at ProCredit Bank and under our Basic Package.
• The above information is of an informative nature.
  
  *The bank reserves the discretionary right to request additional documentation from the client on the grounds of the credit risk assessment
   

For loans from RSD 1,000,000

• Type of loan: Terms and conditions of refinancing with a fixed interest rate
• Loan currency:  RSD
• Indexing criteria: no criteria
• Loan amount: RSD 1,000,000.00
• Downpayment: none
• Repayment period: 71 months
• NIR (per annum, fixed): 7.25%
• EIR: 7.94%
• One-off loan processing fee 0.00%.
• Monthly instalment: RSD 17,415.32
• Total loan amount the borrower returns after the repayment period of 71 months: RSD 1,236,487.95
• Collateral:                                                                         
  •    for loan amounts up to RSD 1,200,000: without a bill of exchange or Attachment of Salary 
  •    for loans from RSD 1,200,001 to RSD 3,500,000 it is necessary to provide bills of exchange and an Attachment of Salary
  •    for loans exceeding RSD 3,500,001 bills of exchange, Attachment of Salary and the borrower is required to have property in their name (not mortgaged)
• Additional expenses: Total Account Package maintenance fee - RSD 150, 2 bills of exchange at RSD 50/each, Credit Bureau Report - RSD 246.
• The example provided pertains to a salary exceeding RSD 60,000
• Examples are provided with the transfer of salary to an account held at ProCredit Bank and under our Basic Package.
• *The bank reserves the discretionary right to request additional documentation from the client on the grounds of the credit risk assessment
  You can calculate the exact amount for your desired loan and repayment term using our refinancing loan calculator
   

Vrsta kredita: Kredit za refinansiranje potrošačkih i gotovinskih kredita

Uslovi:

• Kamatna stopa: 7,50 %
• Ročnost: 12 - 71 mesec
• Valuta: RSD
• Iznos: Makismalno do iznosa ukupnih obaveza po osnovu potrošačkih i gotovinskih kredita
• Prenos primanja: Da, minimum u iznosu ukupnih mesečnih obaveza po kreditima kod Banke
• Sredstva obezbeđenja: za iznose kredita preko 1.200.000 - menica i administrativna zabrana

Reprezentativni primer:

• Iznos kredita: 1.000.000 RSD
• Valuta kredita: RSD
• Kriterijum za indeksiranje: nema
• Učešće: nema
• Period otplate: 71 meseci
• NKS (godišnja, fiksna): 7,50%
• EKS:  8,21 %
• Naknada za obradu kredita 0,00%
• Mesečna rata: 17.732,24 RSD
• Ukupan iznos kredita koji će korisnik vratiti nakon 71 meseca: 1.241.263,83 RSD
• Sredstva obezbeđenja: nema 

Ponuda važi od 15.09.2025. do 15.09.2026. godine.

Loan refinancing means replacing an existing loan with a new loan, usually under better conditions. 

You can refinance your loan if you want to:

• Lower your interest rate – This is the most common reason for refinancing, as it reduces the amount of interest paid over the loan term.
• Reduce your monthly instalment – If your current instalment is too high and you want to free up part of your budget for other needs, refinancing your existing loan allows you to extend the repayment term and lower your monthly instalment.
• Shorten the repayment term – If you want to pay off the loan faster, you'll pay less interest overall.
• Consolidate multiple loans into one – Refinancing allows you to merge several loans into one, including credit card debts and overdraft obligations, with the option to take out additional cash if needed.
• Change loan terms such as the due date of instalments or the type of interest rate (fixed or variable).
  
   

If you've reviewed the terms and conditions of the refinancing loan and decided to proceed, these are the steps you can expect: 

1. For start,  calculate your desired monthly instalment and submit an online loan application.
2. Our advisor will contact you and inform you to certify the Confirmation of Income or Attachment of Salary at your company, as well as to provide your pay slips and account statements, if you haven't already attached these documents when filling out the online application.
3. The bank will provide you with an Authorisation for Obtaining Refinancing Data*, which you need to fill out, sign, and submit to the bank in its original form.
4. Our bank will send a request to the bank whose loan you are refinancing to obtain information on the remaining debt – meaning you don't need to visit your previous bank.
5. If all conditions are met, the bank will approve and disburse your loan. 

*By signing the Authorisation for Obtaining Refinancing Data, you give our bank permission to access information from your previous bank on your behalf, obtain a debt confirmation, and submit a request for early repayment – eliminating the need for you to personally visit your previous bank.

It's important to know that refinancing an overdraft or credit card debt from another bank will not automatically close those services at the previous bank – you must visit the bank in person to close them, if you wish to do so.

There is no restriction on the number of months after which a loan can be refinanced. If you believe you need a lower monthly instalment or a longer repayment period, you can submit a loan refinancing application at our bank. 

In some situations, refinancing can be very beneficial, while in others it may be unnecessary or even counterproductive. 

Here are the key factors to consider when deciding on loan refinancing:

• Interest rate difference - This is the most important factor. The larger the difference between the interest rate on your current loan and the rate on the new loan, the more likely refinancing will pay off — even small differences of 0.5%-1% can lead to significant savings if the loan has a long repayment period.
• Remaining loan repayment period - Refinancing is more profitable the longer the remaining repayment period. In the early stages of repayment, a larger portion of the instalment consists of interest, which means you'll potentially save more with a longer remaining repayment period.
• Loan amount - Larger loans generate greater savings through refinancing, as the lower interest rate applies to a higher amount.
• Repayment period – Extending the repayment period can reduce the monthly instalment, but it will increase the total interest paid. Shortening the repayment period has the opposite effect.
• Type of interest rate (fixed or variable): A fixed interest rate provides security, while a variable (floating) interest rate may be lower but carries the risk of rising in the future.
• Personal financial situation: If you're struggling to repay your existing loan, refinancing can help lower your monthly instalment and make it easier to repay the remaining loan balance.
   

Yes, a refinancing loan can be refinanced again.

There are no restrictions on when, how, or how many times you can refinance a loan.

There is no fixed time frame for refinancing a loan, but certain situations make the most sense for refinancing:

• When market interest rates decrease – the most common reason.
• When your financial situation improves – if you've received a raise, started a new job with a higher salary, or reduced other debts, refinancing could allow you to take out additional cash or repay existing debts faster.
• When you want to change loan terms and conditions – to extend the repayment period and lower the monthly instalment or shorten the repayment period to pay off the loan faster.
• When you want to consolidate all debts into one loan – if you have multiple loans with different interest rates and repayment terms, refinancing enables you to merge all debts into one loan with a single monthly instalment.
• When you're having difficulty repaying your current loan – refinancing can help lower your monthly instalment and make it easier to repay the loan.

There is no limit to how many times you can refinance a loan.

In theory, you can refinance a loan multiple times as long as you meet the bank's requirements and it remains financially beneficial.

Of course! Refinancing a loan with the same bank is possible and often much easier than switching to another bank, as your current bank already has insight into your financial history and creditworthiness.

Advantages of refinancing with your current bank:

• Simplified process – the bank already has your information, so less documentation is required.
• Familiar relationship with the bank – which can be an advantage when negotiating loan terms.
• Faster disbursement – the bank has insight into your financial situation and can make a decision more quickly.

However, if you're a client of another bank and wish to refinance your loan with our bank, you can do so without visiting your current bank. Simply calculate your instalment and submit your application online, and we will handle the rest with your current bank on your behalf.
 

With a refinancing loan, you can refinance the following obligations with your previous bank:

• loan
• overdraft
• Credit card debt

It’s important to note that refinancing an overdraft or credit card debt will not automatically close these services with the previous bank — you must personally close them by visiting the bank if you wish to do so.