Splitska banka Societe Generale Group

Eligible borrowers are Croatian citizens of age with a permanent job in the Republic of Croatia or receiving a retirement pension in the Republic of Croatia.

Parties to the transaction

• Main debtor - loan applicant 
• Co-debtor
• spouse is the mandatory co-debtor if the liability is secured by transfer of ownership of the real estate to the Bank
• if the debtor’s creditworthiness is inadequate, one or two guarantors are co-debtors are necessary, of which only one may be a retiree
• Guarantors – depending on the type of loan and other collaterals:
• no guarantors needed:
• with various combinations of fiduciary transfer of ownership and life, risk and accident insurance policies or investment fund shares
• lombard loans – deposit equalling the loan amount, fixed term deposited for the loan repayment term    
• The aggregate of each party's age and the repayment period must not exceed 70
• Each party's monthly income must be at least HRK 2,000.00
• If the loan applicant is older than 60, the aggregate of the co-debtor's age and the loan period must not exceed 60

Creditworthiness of the parties
(coefficient = monthly net income / instalment) 

• 2,5 for a borrower applying for a cash, student or consumer loan
• 2 for a borrower with monthly income exceeding HRK 6,000.00 or a target client  
• 2 for a borrower applying for a loan to be secured by a fiduciary transfer of ownership of, or a mortgage on, real estate
• 3 for a borrower applying for an automobile loan or a vessel loan
• 3 for a borrower together with his/her co-debtors
• 3 for the guarantors jointly or each guarantor individually

The maximum instalment is the result of dividing the net monthly income with the coefficient, decreased by any other monthly payment liabilities (other loans, statutory support costs). Creditworthiness is additionally assessed with respect to the statutory minimum salary amount (1,700 kuna). According to the Bank’s rules, the maximum monthly instalment is 3,000 kuna if the net income exceeds 6,000 kuna or if the loan applicant is a target client. The difference between the net monthly income and all liabilities (including the loan applied for) must not be lower than the specified amounts.  

Collaterals

• Certified Statements on consent with the pledge of all accounts (pursuant to Articles 187 and 183 of the Execution Act) issued by all participants
• Repayment to be effected by salary withholding pursuant to the Account Pledge Statements for all participants delivered by the Bank to their employers 
• Two bills of exchange, jointly signed by all parties to the transaction, accompanied by the written authorizations issued by each participant to fill out the blanks in such bills of exchange    

Documentation

• Bank forms:
• Loan Application Form
• Basic Information Form, containing basic loan participant details 
• Employer's Certificate Form, to be certified by the Employer or, for the retired and self-employed (in such case, containing information on the last three months' wages), Hrvatski zavod za mirovinsko osiguranje (Croatian Pension Fund)
• Copy of valid identification document (ID Card, Passport) for all participants

Documentation required for the assessment of creditworthiness 

• Permanently employed applicants: 
• PK-1 form for the current year, sealed and signed by the employer
• Salary lists certified by the employer (at the Bank’s request) 
• Employees of a craft business or a company unknown to the Bank:
• PK-1 form for the last two years and the current year, certified by the Tax Administration
• Confirmation issued by REGOS (Central Registry of Insured Persons) on the salary base, confirming that taxes and contributions have been duly paid
• Original BON or SOL form (credit standing/solvency information) for the company or business, not older than 15 days
• Registration certificate for the company or business
• Retirees:
• Decision on the Retirement Pension and pension payment slips for the last three months or bank notice containing withholding information
• Company owners (if acting as loan co-debtors or guarantors) 
• Original BON or SOL form, not older than 15 days 
• Registration certificate for the company 
• Balance sheet and income statement for the previous and current year 
• Owners of a craft business or self-employed persons (if acting as loan co-debtors or guarantors) 
• Original BON or SOL form, not older than 15 days 
• Registration certificate of the business or Decision on Business Activity issued by the competent ministry   
• Tax assessment for the previous year
• Confirmation on tax liabilities for the current year

Marine officers as a special client group

• Work contract with a domestic or foreign shipping company
• At least 3 years of service (as evidenced by the sailors service record)
• At least 12 months spent at sea in the last 2 years
• Last stay on land not longer than 6 months (confirmed by the Work Contract and Land Stay Confirmation)
• Monthly income received through a Bank account for the entire loan period
• Creditworthiness is assessed based on the salary information as contained in the Work Contract or the income statement issued by the employer for the last 12 months (including land stay periods)
• Debenture bond on the entire income for the borrower or one guarantor of adequate creditworthiness

Miscellaneous

• Real estate valuation to be prepared by an expert acceptable to the Bank, if the loan is to be collateralized by fiduciary transfer of ownership of, or a mortgage on, the real estate
• Insurance policy in the required form signed with insurance companies acceptable to the Bank and assigned to the Bank
• Life insurance policy (the percentage of the minimum insured amount varies depending on the type of loan) 
• Accident insurance policy in the amount of the loan
• Risk insurance policy in the amount of the loan
• Comprehensive automobile physical damage and collision insurance policy
• Real estate fire and other perils insurance policy, with the insured amount depending on the value of the real estate, to be renewed yearly until the full repayment of the loan
• The Bank approves special conditions to self-employed clients (craftsmen, private company owners)  
• Default interest charged at the rate of 14%
  

Eligible borrowers are Croatian citizens of age with a permanent job in the Republic of Croatia or receiving a retirement pension in the Republic of Croatia.

Parties to the transaction

• Main debtor - loan applicant 
• Co-debtor
• spouse is the mandatory co-debtor if the liability is secured by transfer of ownership of the real estate to the Bank
• if the debtor’s creditworthiness is inadequate, one or two guarantors are co-debtors are necessary, of which only one may be a retiree
• Guarantors – depending on the type of loan and other collaterals:
• no guarantors needed:
• with various combinations of fiduciary transfer of ownership and life, risk and accident insurance policies or investment fund shares
• lombard loans – deposit equalling the loan amount, fixed term deposited for the loan repayment term    
• The aggregate of each party's age and the repayment period must not exceed 70
• Each party's monthly income must be at least HRK 2,000.00
• If the loan applicant is older than 60, the aggregate of the co-debtor's age and the loan period must not exceed 60

Creditworthiness of the parties
(coefficient = monthly net income / instalment) 

• 2,5 for a borrower applying for a cash, student or consumer loan
• 2 for a borrower with monthly income exceeding HRK 6,000.00 or a target client  
• 2 for a borrower applying for a loan to be secured by a fiduciary transfer of ownership of, or a mortgage on, real estate
• 3 for a borrower applying for an automobile loan or a vessel loan
• 3 for a borrower together with his/her co-debtors
• 3 for the guarantors jointly or each guarantor individually

The maximum instalment is the result of dividing the net monthly income with the coefficient, decreased by any other monthly payment liabilities (other loans, statutory support costs). Creditworthiness is additionally assessed with respect to the statutory minimum salary amount (1,700 kuna). According to the Bank’s rules, the maximum monthly instalment is 3,000 kuna if the net income exceeds 6,000 kuna or if the loan applicant is a target client. The difference between the net monthly income and all liabilities (including the loan applied for) must not be lower than the specified amounts.  

Collaterals

• Certified Statements on consent with the pledge of all accounts (pursuant to Articles 187 and 183 of the Execution Act) issued by all participants
• Repayment to be effected by salary withholding pursuant to the Account Pledge Statements for all participants delivered by the Bank to their employers 
• Two bills of exchange, jointly signed by all parties to the transaction, accompanied by the written authorizations issued by each participant to fill out the blanks in such bills of exchange    

Documentation

• Bank forms:
• Loan Application Form
• Basic Information Form, containing basic loan participant details 
• Employer's Certificate Form, to be certified by the Employer or, for the retired and self-employed (in such case, containing information on the last three months' wages), Hrvatski zavod za mirovinsko osiguranje (Croatian Pension Fund)
• Copy of valid identification document (ID Card, Passport) for all participants

Documentation required for the assessment of creditworthiness 

• Permanently employed applicants: 
• PK-1 form for the current year, sealed and signed by the employer
• Salary lists certified by the employer (at the Bank’s request) 
• Employees of a craft business or a company unknown to the Bank:
• PK-1 form for the last two years and the current year, certified by the Tax Administration
• Confirmation issued by REGOS (Central Registry of Insured Persons) on the salary base, confirming that taxes and contributions have been duly paid
• Original BON or SOL form (credit standing/solvency information) for the company or business, not older than 15 days
• Registration certificate for the company or business
• Retirees:
• Decision on the Retirement Pension and pension payment slips for the last three months or bank notice containing withholding information
• Company owners (if acting as loan co-debtors or guarantors) 
• Original BON or SOL form, not older than 15 days 
• Registration certificate for the company 
• Balance sheet and income statement for the previous and current year 
• Owners of a craft business or self-employed persons (if acting as loan co-debtors or guarantors) 
• Original BON or SOL form, not older than 15 days 
• Registration certificate of the business or Decision on Business Activity issued by the competent ministry   
• Tax assessment for the previous year
• Confirmation on tax liabilities for the current year

Marine officers as a special client group

• Work contract with a domestic or foreign shipping company
• At least 3 years of service (as evidenced by the sailors service record)
• At least 12 months spent at sea in the last 2 years
• Last stay on land not longer than 6 months (confirmed by the Work Contract and Land Stay Confirmation)
• Monthly income received through a Bank account for the entire loan period
• Creditworthiness is assessed based on the salary information as contained in the Work Contract or the income statement issued by the employer for the last 12 months (including land stay periods)
• Debenture bond on the entire income for the borrower or one guarantor of adequate creditworthiness

Miscellaneous

• Real estate valuation to be prepared by an expert acceptable to the Bank, if the loan is to be collateralized by fiduciary transfer of ownership of, or a mortgage on, the real estate
• Insurance policy in the required form signed with insurance companies acceptable to the Bank and assigned to the Bank
• Life insurance policy (the percentage of the minimum insured amount varies depending on the type of loan) 
• Accident insurance policy in the amount of the loan
• Risk insurance policy in the amount of the loan
• Comprehensive automobile physical damage and collision insurance policy
• Real estate fire and other perils insurance policy, with the insured amount depending on the value of the real estate, to be renewed yearly until the full repayment of the loan
• The Bank approves special conditions to self-employed clients (craftsmen, private company owners)  
• Default interest charged at the rate of 14%