Month: January 2019

Get to know Agram Bank – Agram Bank

by James Ford

 

About us

 About us

Agram banka dd Zagreb is the new name under which Kreditna banka Zagreb dd Zagreb started operations as of January 1, 2019.
After more than 20 years of business, Agram Bank has opened new business horizons and, with its innovative banking services and products, as the largest domestic privately owned bank, additionally approaches its clients to both citizens and legal entities, offering a wide range of banking products and services, as well as innovative insurance products.
Agram Bank's business strategy is based on good corporate governance practice, effective risk management, a transparent internal control system and appropriate market competitiveness.

Business policy and clients

 Business policy and clients

Agram Bank offers its clients a wide range of savings and deposit, credit and other financial services. He is working intensively on expanding the sales network, developing and selling innovative banking and insurance products. All this is accompanied by a constant increase in the number of clients, individuals and legal entities.

The Bank has open accounts in renowned foreign banks and correspondent relationships with numerous world banks with which it operates for the needs of its clients.

Through the implementation of stable business policy, the introduction of new products and services, continuous improvement, a clear orientation towards individual approach to each client, Agram Bank has gained high reputation and trust of numerous clients on the market.

Organizational structure

 Organizational structure

The business of Agram banka is managed by the Management Board, which consists of Boris Zadro, President of the Management Board, and Nataša Jakić Felić, Board Member. The Management Board adopts and implements the set business goals and strategy, while the Supervisory Board actively monitors the work of the Management Board and participates in operative decisions on the business strategy.

Regarding the registered activity, Agram Bank operates through three sectors:

  • Sales Department
  • Treasury department
  • Sector of Informatics

Branches are located in Zagreb, Split, Rijeka, Osijek, Zadar and Dubrovnik, and we are also available to clients through widely distributed branch offices throughout Croatia.

Loan to Payroll Card Holders – Benefits and Features

by James Ford

 Loan to payroll card holders - benefits and features  

A loan to payroll card holders is the right conditions for borrowing money.

A loan to payroll card holders is the right conditions for borrowing money.

Today, few people get paid by hand through accounting. Most enterprises and organizations enter into contracts with banks, open payroll accounts for their own employees and transfer money to them. Cooperation with credit organizations is beneficial for both employers and employees. For example, banks willingly give credit to payroll card holders on liberal terms.

 

Procedure for applying for a loan to a payroll card holder

Procedure for applying for a loan to a payroll card holder

If a person wants to take a loan from a bank through which he receives a salary, you just need to submit an application, since the necessary information about your own client and a copy of the papers from the lender are already available. After filing a loan application, the credit institution will make a decision within 2-3 days and notify the prospective borrower of the result.

Some additional papers, the bank will require, if the client has applied for a substantial amount of the loan, the monthly payments for which will exceed 50% of salary. In this case, the client will be forced to submit to the creditor acts on the availability of property for collateral or bring guarantors.

 

Methods of issuing a loan and the amount of funds issued

Methods of issuing a loan and the amount of funds issued

As a rule, an additional card is opened to the client, to which the loan amount is transferred or issued according to the option of adding an overdraft to the salary card. Cash loan holders of salary cards are rarely issued.
The client has the right to rely on a loan of up to 10 -15 salaries. To get a larger loan, provides the bank with a pledge or leads a guarantor.

 

Restrictions for future borrowers

Restrictions for future borrowers

Sometimes, customers encounter problems in obtaining a loan, even if they are paid through this bank. First, a significant part of credit institutions do not issue loans to persons who have not reached the 21st year, without a difference in the presence of sources of income. Secondly, in order to take advantage of the preferential terms of a payroll card holder, they need at least one year of work experience.

 

Advantages of a loan to credit card holders

Advantages of a loan to credit card holders

Having issued a loan in a personal payroll bank, the client is entitled to receive the following benefits:

  • preferential terms. When receiving a salary through a bank, the borrower is entitled to rely on a loan from this bank at a percentage that is 0.5–2% less than with a standard credit line;
  • rational repayment. The borrower, if desired, automates the return of the loan and will not need to make a payment every month through the bank's cash office. Having written an application, a part of the salary will be written off every month to pay off the loan;
  • saving time. A loan package does not require a package of papers, the necessary acts are already in the bank;
    remote access. Using online banking, the borrower will receive the right to manage a personal salary and credit account, simultaneously through an online office.
  • The likelihood of approving a loan application for a payroll card holder is much higher than for other borrowers.
  • Holders of payroll cards have the right to rely on credit holidays or loan prolongation.
  • If with a consumer loan, the savings amount to 2-3 thousand rubles, while with a mortgage, this amount will reach 40-60 thousand during the crediting period.

It does not matter that the credit to the holders of payroll cards is profitable; nevertheless, the client should not neglect the credit offers of other banks. Loans from other organizations are much more profitable, despite the preferential terms of the payroll bank.