household debt

Serbian Banks Compete for Lower-Income Customers Through Preferential Loan Terms

Serbia’s targeted lending measures for employees and pensioners with lower regular incomes have created a distinct segment of retail banking, with participating institutions offering reduced borrowing costs on selected loans and refinancing products. The measures, introduced, applied to customers with regular monthly income of up to RSD 100,000, equivalent to approximately €853. Banks could extend eligibility beyond that income threshold, and the eligible products included cash loans, consumer loans, refinancing loans and mortgages for first-home purchases. Preferential Rates and Reduced…