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Telenor Bank: Cash Loans With no Additional Fees

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Telenor Bank is offering cash loans for citizens without additional fees, such as the Credit Bureau fee, credit administration fee, processing fees or the fee for promissory notes that the client pays. Cash loans have just one interest rate and can be used for refinancing.

This is the first time that nominal and effective interest rates have been equalised on the Serbian market, which will provide clients with clear insight into the actual price of credit. This cash credit option can also be used for refinancing debts to other banks, such as card or current account overdraft and cash credits.

A credit request can be filed simply, through an online application, with no need to visit a Telenor retail outlet. The interest rate starts from a fixed rate of 11.6% for a one-year repayment period, while the interest rate is fixed for cash credits with 36-month maturity.

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