WHAT ARE NON-PURPOSE LOANS? Non-purpose loans are loans without a defined purpose (banks do not require proof of the purpose of loan use) where loan funds are most often paid into the borrower's current account (which allows the borrower to use the funds according to their personal needs).

It is good to know: what are the ADVANTAGES of non-purpose loans?

- free disposal of funds
- payment on current account
- fast loan processing
- possibility of online requests

In the case of non-purpose loans, the conclusion of insurance instruments depends on the loan amount and maturity period. Types of non-purpose loans: - cash loans - without insurance instruments or collateral - pledge loans - pledging collateral such as a pledged savings account. It is most often concluded by customers who need cash funds, but want to maintain pledged savings and agreed savings contributions in the form of interest. - hypothecary loans – pledging a pledge right on a property (hypothecation), with the possibility of a larger loan amount and a longer maturity period When agreeing on any type of loan, the bank or intermediary will create an analysis of your financial situation in order to determine whether you are creditworthy and how much you can repay the loan on time. Depending on your needs, but also your financial capabilities, the bank or intermediary will offer you the type of loan that is most suitable for you.

It is good to know: how to choose a TYPE of loan?

Non-purpose loans are usually granted for a shorter maturity period and with a higher interest rate compared to specific-purpose loans. ADVICE before making a decision on a loan Carefully consider whether you need a loan. Check your current financial capabilities (current and throughout the entire term of the contract). Get informed about the loan conditions for the same or similar type of loan at multiple banks or from a credit intermediary and request additional clarifications if needed.

It is good to know: RIGHT TO WITHDRAWAL

- After signing the loan agreement you can reconsider in a period of 14 days from the date of signing the agreement.

For more information, feel free to contact our team. Opereta credit intermediation Phone: +38513820050 Email: office@opereta.hr Author Martina Mataić Škugor diplom. iur.

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