Loan repayment refers to the principal and interest amounts that the customer must pay for the loan.
If the customer fails to pay or only partially pays the principal or interest by the due date specified in the credit agreement: Overdue principal: The customer must pay overdue interest equal to 150% of the applicable interest rate at the time the loan becomes overdue, calculated on the overdue principal for the delayed period. […]
Yes. Fire insurance for houses/apartments and insurance for transport vehicles not only secure the loan for the Bank but also protect the customer’s own interests.
This is a repayment method in which the principal is paid in equal installments monthly or every 2–3 months, while interest is calculated based on the outstanding principal balance.
Customers are required to pay the collateral valuation fee, based on which MSB determines the loan amount according to the value of the collateral. This fee is paid when submitting the loan application documents to the Bank. Once the loan is approved, customers must prepare the notarization fee for the security agreement and the collateral […]
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