Liberte ++

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Liberte ++ is a unique product in the market which meets both of your needs: place your savings with the number one French bank with an excellent nominal interest rate of 1.20% (EIR up to 1.02%), and we will grant you a loan in dinars in the mount of 80% of your savings amount with the lowest fixed interest in the market for dinar funds!

What you get with Liberte ++?

  • Savings in EUR on highly competitive terms, with the number one French bank (NIR up to 1.20% annually, EIR up to 1.02%)
  • The Bank grants you the most affordable dinar loan in the market (NIR of just 1.5% per month)
  • The interest is calculated only for the amount of loan in use and only for the days of loan use, while the interest for savings is calculated based on the entire amount of savings over the period of 365 days
  • The use of loan is fully flexible as well as the repayment, based on your needs and ability
  • The currency you save in is most often euro, while your day to day liquidity requirements are in dinar – that is exactly what this product offers
  • With this product, there is no loss on exchange rate difference which is the case if you sell euro today to buy something and then purchase euro again as your savings (this expense is typically 2% when selling the foreign currency and additional 2% when buying foreign currency)
  • You no longer risk devaluation of dinar (in case you sell euro today and then later on wish to buy euro again, you are not faced with the risk of needing more dinars to buy the same amount of euros)
  • This product is available to all residents, irrespective of their employment status, student status, credit worthiness, as the loan is approved based on the deposit and not based on salary or pension
  • This product does not impact your indebtedness ratio (it leaves you the possibility to apply for another loan during the use of this product and to use this product while at the same time using another loan)
  • The procedure for granting this loan is very simple: The client transfers the savings to the Bank and the product is immediately activated
  • You will receive a free payment card as a gift and this card will put the granted loan at your disposal 24 hours a day, 365 days a year, regardless of where you may be
  • Type of deposit: foreign currency deposit
  • The currency in which the client makes a deposit: EUR
  • Criteria for indexing of the deposit: there are no criteria for indexing
  • The amount of funds the Bank receives as a deposit: min EUR 200
  • Term for which the deposit is received: 12 months; interest rate (fixed at annual level):
  • Maximum amount of deposit per fixed term savings product is EUR 100,000

LIBERTE ++

Amount of deposit

12 months

NIR

EIR

200

1,00%

0,85%




The effective interest rate is lower than the nominal interest rate due to the inclusion of tax on interest in the calculation of EIR.



Amount of deposit

Currency

Period

NIR

EIR

Amount with interest

3.000

EUR

12 months

1,00%

0,85%

3.030,07 EUR

15.000

EUR

12 months

1,00%

0,85%

15.150,34 EUR





²The stated amountincludes tax in capital income from interest, payment of interest on foreign currency savings is made after the deduction of taxes in accordance with the Law on Personal Income Tax, which is paid by the Bank on behalf of the Depositor.

  • The currency in which the loan is granted: RSD
  • Criteria for indexing of the loan: approved in the amount of 80% of deposit in dinar equivalent at the median exchange rate of the NBS.
  • Term for which the loan is granted: 12 months
  • Nominal interest rate: Fixed and stated at monthly level 1.5% and annual level 19.56%
  • Effective interest rate: Has an illogical value as the deposit is included in the calculation and the deposit amount is larger than the overdraft amount
Amount of loan
Period Calculated amount of interest*
Additional expences
400.000 RSD 12 months 72.191,18 RSD 246 RSD


*The above example implies the use of the entire amount of the loan granted loan over the course of 12 months.

Crédit Agricole Serbia participates in the mandatory deposit insurance system established in the Republic of Serbia.

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