Consumer loan with mortgage

  • Product description
  • Representative example
Consumer loan with mortgage
Type of loanConsumer loans for financing the education of SMATSA Aviation Academy students, secured by mortgage on registered real estate
Loan currencyEUR
Criteria for indexingDinar equivalent per NBS middle exchange rate
Loan amountfrom 5,000 - 40,000 EUR
ParticipationMinimum 30% of participation of the amount on the pro forma invoice / invoice (possibility of participation payment in tranches)
Repayment period• With a grace period of 24 or 36 months, repayment period of 48 to 120 months
• Without a grace period, repayment period of 24 to 120 months
Interest rate (on an annual basis)*
first 24 months5.01%, fixed
after the expiration of a period of 24 months6M EURIBOR + 5%, variable**
Manner of usingThree tranches
Security instruments3 (three) bills of exchange with a "no protest" clause; guarantor student. The mortgage on registered real estate (LTV 50)***
Costs which are borne by the user, are known at the time of publication and are included in the calculation of the effective interest rate
The fee for processing the loan application0.5% of the loan amount, single payment, in advance
3 bills of exchange150 RSD
Credit bureau fee246 RSD
Costs borne by the user and are not known at the moment of publication
Real estate valuation, Costs of obtaining documentation, Certification of pledge statement, Application for registration of a mortgage, Property insurance, Cost of managing the current account (if a loan user does not have an open current account with the Bank)

* Individual who receives salary through a current account at Banca Intesa

**The interest rate is adjusted on May 25th and November 25th with the value of 6M EURIBOR on the last day of the previous month (April/October) and it is applied for the following six-month period. The size of the interest rate during loan disbursement is determined on the basis of 6M EURIBOR value, which is applied for the current six-month period. When stating the interest rate, 6M EURIBOR on 31.10.2015. was used, which amounts to 0.01%.
- Interest is charged monthly for the duration of the grace period.
- Certificate or school's confirmation regarding the studies are submitted to the Bank each year

*** Maximum loan amount is up to 50% of the appraised value of the real estate on which the mortgage is established.

Representative example
The amount on pro forma invoice (price of education)40.000 EUR
Participation 12.000 EUR
Loan amount28.000 EUR
Repayment period120 months
TrancheI II
Tranche amount14.000 EUR14.000 EUR
Participation amount6.000 EUR6.000 EUR
Number of annuities8484
Grace period3624
Monthly instalment (by tranche)197.20 EUR (up to 58.09 EUR within the grace period)197.20 EUR (up to 58.09 EUR within the grace period)
Interest rate (on an annual basis)5.01% first 24 months fixed, and thereafter 6M EURIBOR + 5%, variable**

Effective interest rate

(on an annual basis)
5.13%
Costs which are borne by the user, are known at the time of publication and are included in the calculation of the effective interest rate
The fee for processing the loan application140 EUR
3 bills of exchange150 RSD
Credit bureau fee246 RSD
Repayment yearIIIIIIfrom IV up until the end of repayment
The amount of monthly obligationsup to 58.09 EURup to 116.18 EURup to 116.18 EUR296 EUR

Other calculations related to this product can be obtained in branches that are listed on this page