PRESTO Loan for better living

• The possibility of repaying the entire loan or part thereof early
• The possibility of insuring the ability to repay the loan with the choice of insured risk
• You can get the loan in one single visit to the bank

• Loan from EUR 1,500 to 37,000 (up to EUR 10,000 without a co-borrower)
• Attractive interest rates
• Optional repayment period of 1 – 8 years
• Interest rate guaranteed throughout the loan repayment period

If you are over 18, residing and receiving income in Slovakia, not in a probationary or notice period, with telephone contact details, then nothing stands in your way to apply for a loan

Step 1 - Visit our branch and present the following documents:

• ID card and second form of identification
• Confirmation of income or tax return for the previous calendar year
• Document verifying your current address, e. g. telephone bill or SIPO payment bill
• Document confirming settled or narrowed joint property of spouses (if applicable)

Step 2 - We will prepare the PRESTO Loan Application with you and, with your consent, we will consult the credit registers.

Step 3 - If your application is approved, we will prepare the loan for you in accordance with your own needs; sign the PRESTO Loan Contract and the money is yours

One-off fee for provision of the loan is 50 EUR.

Do you know how you would repay your PRESTO Loan if you fall ill or lose your job? Insurance against the inability to pay offers a solution. The insurance applies to death, 3rd degree disability, incapacity for work, involuntary loss of job or hospitalisation.
You get:

• A lower price compared to individual life insurance
• The possibility of also covering the loss of your job
  

Product parameters

• Single paid insurance against the inability to pay protects clients in the event of loss of regular income, which means the inability to pay their liabilities arising from the PRESTO Loan Contract in the event of certain unpleasant life situations
• Only for new loans

For whom is the product intended?

For all applicants and co-applicants for the PRESTO Loan who comply with the following conditions:

• aged under 60
• healthy
• not on old-age or disability pension
• not in regular medical care or under regular medical surveillance due to a chronic condition with the permanent use of medication (not suffering from diabetes but only, for instance, allergies)
• not incapable for work

In the case of risk of involuntary loss of job, clients must comply with the following extra conditions:

• employed for an indefinite period of time
• employed continuously in the last 12 months and not in a probationary period
• not quitting the job and not being made redundant, not cancelling employment with the employer immediately, not receiving from the employer or sending to the employer a proposal for termination of employment by agreement
• Insurance of new loans only

What are the benefits for clients?

• Protecting the clients and their family
• A discount of 20% on the price of the co-borrower’s insurance in the event of insurance of the primary borrower and co-borrower
• The possibility of insurance against losing your job
• No medical examinations
• Prompt and simple handling - all you have to do is agree with the Framework Insurance Policy and the General Insurance Terms and Conditions

Product parameters

Choose from the following packages:

• Death, 3rd degree disability, and incapacity for work
• Death, 3rd degree disability, and loss of job
• Death, 3rd degree disability, and hospitalisation

What documents need to be presented?

• ID card

What fees will I pay?
So as to avoid increasing the price of the loan and translating it into interest rates, we have kept only the initial fee of 50 EUR for arranging the loan.
 
Do I need a co-applicant?
We may require a co-applicant for loans exceeding 10.000 EUR. In the event of joint property of spouses, a signature of declaration on word of honour by the other spouse is always required, unless he/she is already a co-applicant for the relevant loan.
 
Why should I take out insurance against the inability to pay?
Insurance protects you in the event of unexpected life situations, such as long-term hospitalisation, loss of job, etc.
 
How can I ask for postponement of instalment payment?
All you have to do is visit the bank and sign an application for postponement of instalment payment. You must do so not later than as of the last calendar day of the month in order to postpone the instalment payment the following month. The instalment payment is postponed including interest. You can ask for postponement of the instalment payment not earlier than after 10 months of due repayment. You can postpone your instalment payment up to 5 times during the repayment period free of charge.