• Reward for due repayment.
• You can choose the date and amount of your payment.
• Any paperwork, including communication with former creditors, will be handled for you.
• Insurance against the inability to pay with a choice of insured risk.
• One single visit to the bank is all you need to take out a loan.
• Drawdown directly to your account immediately upon signing the contract.

Who the product is intended for

• If you are over 18, residing and receiving income in the Slovak Republic, not in a probationary or notice period, and with telephone contact details, then nothing stands in the way of you applying for a loan.   

Do you know how you would repay your PRESTO Loan if you fell ill or lost your job? Insurance on the ability to pay the loan is one solution. The insurance policy covers death, disability over 70% or award of the ŤZP (severe health disability requiring a guide) card, incapacity for work, involuntary loss of a job or cancer.

What you get:

• lower price than that of individual life insurance policies,

• possibility of taking out insurance covering cancer.

Product parameters

The insurance on the ability to repay the loan protects you in the event of distressing circumstances such as the loss of your regular income, i.e., the inability to pay your liabilities arising from the consumer credit agreement.

Who is the product intended for?

For all PRESTO Loan applicants who meet the following conditions:

• younger than 60 years of age,

• healthy,

• not retired due to disability,

• no ŤZP (severe health disability requiring a guide) card awarded,

• not in regular medical care or under regular medical supervision as a result of established chronic illness with the permanent use of medicines (no diabetes, but may have e.g. allergies),

• not incapacitated for work.

If at risk of involuntary loss of a job, the client shall also meet the following conditions:

• in an employment relationship or the service relationship, even for a definite period of time, or actively engaged in self-employment (i.e., not interrupted self-employment),

• not in probationary period,

• neither given nor received notice of termination of employment, not immediately terminated employment with employer, not received a proposal from the employer to terminate the employment contract by agreement or sent the same to said employer,

If at risk of serious disease, the client shall also meet the following conditions:

The client confirms that he/she has never been diagnosed with cancer.

The benefits for the client are as follows:

• protecting the client and his/her family,

• possibility of taking out insurance covering cancer,

• no medical examinations,

• fast and simple conclusion of a policy, clients need only to agree with the Framework Insurance Policy.

Insurance package types

Choose from these packages:

BASIC

Insurance in the event of death, disability over 70% or award of the ŤZP (severe health disability requiring a guide) card.

STANDARD

Insurance in the event of death, disability over 70% or award of the ŤZP (severe health disability requiring a guide) card, incapacity for work.

FULL

Insurance in the event of death, disability over 70% or award of the ŤZP (severe health disability requiring a guide) card, incapacity for work, loss of a job and cancer.

What documents need to be presented?

ID card

What fees will I pay?

• 50 EUR for arranging the loan

Do I need a co-applicant?

For loans over EUR 25,000 we may require a co-applicant. 

Why should I take out insurance against the inability to pay?

Insurance protects you in the event of unexpected life situations. 

Useful documents

• Pricelist of Bank Services for Individuals - Non-Entrepreneurs
• Certificate of Income from Employment
• Product Business Terms and Conditions for Loans