Let's find your consumer loan

A consumer loan, without going from bank to bank.

One request instead of ten. We pass it to a licensed lender whose terms may suit you.

What is a consumer loan?

A consumer loan is a loan for personal needs — furniture, appliances, repairs, travel, tuition or a larger unexpected expense. It is repaid in monthly instalments over an agreed term. In Macedonian it's "потрошувачки кредит", often typed as "potrosuvacki kredit".

It can be general-purpose, where you don't have to show what you spend the money on, or purpose-bound, where the loan is tied to a specific purchase.

Bank or financial company?

Both banks and financial companies offer consumer loans. Banks are licensed and supervised by the National Bank of the Republic of North Macedonia; financial companies are licensed by the Ministry of Finance.

Banks usually offer larger amounts, longer terms and lower costs, with a more detailed check. Financial companies usually decide faster and ask for fewer documents, but the loan is typically for smaller amounts and can cost more.

What drives the monthly payment?

• The amount — borrowing more means a higher payment or a longer term.
• The term — a longer term lowers the monthly payment but usually increases the total you repay.
• Interest and fees — together they are expressed as the annual percentage rate of charge (APR).
• Your assessment — income, existing obligations and credit history affect what you are offered.

A good rule: plan for a payment you could comfortably make even in a month with an unexpected expense.

What lenders usually ask for

• being of legal age and a valid ID card;
• regular income — salary, pension or other verifiable income;
• details of existing loans and instalments.

Documents and terms differ from lender to lender. If you don't have a guarantor, read what a loan without a guarantor means.

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