According to the latest data for the RS Banking Agency, banks in the RS have placed a total of a total of 4,5 billion KM loans this year, which is an increase of two percent compared to the end of the previous year. According to the latest data for the RS Banking Agency, banks in the RS have placed a total of a total of 4,5 billion KM loans this year, which is an increase of two percent compared to the end of the previous year.
More than three billion KM refers to general consumption, of which 92.2 percent or about 2.8 billion KM of non-purpose cash loans grew by two percent compared to the end of the previous year.
These are loans that banks give mainly up to 50,000 KM, while the effective interest rate is about 7 percent.
“I need about 20,000 KM for renovation of the house. We have addressed all banks for a loan, because we can do it differently. However, we would be around 400 KM for five years of returning. It is too much and we gave up,” says one Banja Lukain.
He says that due to still high rates, the rates gave up on renovating the house. It is hoped that in the soon, the interest period will be lower, but it is fear that the value of the works will increase due to constant inflation.
After non-purpose loans, citizens in the RS are in banks mostly in charge of exceeding accounts – 93.6 million KM which is six percent growth in just three months.
Credit card debits amount to 56.5 percent, while loans for purchasing consumer goods in value of 35.2 million KM.
When it comes to the average interest rate on bank loans, the RS Banking Agencies, this year there was a slight reduction from 7.63 to 7.52 percent.
In consumer protection associations, they say that they often complain to their citizens at the amount of interest rates in banks. However, interest rates form banks on the free market and depend on macroeconomic trends.
“We are a company with a low living standard. Most citizens are every extraordinary procurement strike at home budget.
These are situations such as the procurement of firewood, preparing children in the new school year, registration of cars, including funeral. Any significant intervention in the apartment and home also requires a loan, “they say for a hairdryer in the Association for Consumer Protection Don.
In their words, they advise citizens every time they are visiting all banks if they already have to charge, and to open the eyes wide before signing the contract.
As they add, unfortunately, a significant number of citizens are unable to borrow in banks because there is no steady source of income, so they visit loans in microcredit organizations in which interest rates and 20 percent are transmitted by 20 percent, transferrings Source.
