Type of loan

Housing loan for residential property purchase

Loan currency

EUR

Criteria for indexing

Dinar equivalent per NBS middle exchange rate on the date of loan disbursement

Period for which the loan is granted

From 181 to 360 months

Loan amount

From 10.000 EUR - to 80% from the amount of the purchase and sales value of real estate purchased from the loan or its estimated value (lower value is taken) or estimated value of real estate when the mortgage is being constituted on the real estate purchased from the loan

Participation

Minimum 20% from the purchase and sales value of the real estate
(if the value of another registered real estate over which the mortgage is being constituted is higher than the loan amount for a minimum of 30%, the participation is not required)

Interest rate
(on an annual basis)

When the downpayment is 30% or the amount of the loan is maximum up to 70% of the estimated value of the real estate over which the mortgage is registered: From 2,73% to 2,87% (3M EURIBOR + from 3,15% to 3,29%), variable*

When the downpayment is less than 30% or the amount of the loan is maximum up to 80% of the estimated value of the real estate over which the mortgage is registered: From 2,73% to 3,02% (3M EURIBOR + from 3,15% to 3,44%), variable*

The fee for processing the loan application

From 0,5% to 1% of loan amount

Promissory notes

3 (three) blank single name promissory notes, signed by the Beneficiary/joint debtor

Property insurance

Insurance policy for the mortgaged immovable property against basic risk and the additional risk of water leakage from the installations at “the first risk”, to the full construction value, with vinculation in favor of the Bank

For facilities under construction - a copy of the investor’s insurance policy, valid until the end of the construction

Mortgage

“Executive out-of-court mortgage” of the 1st (first) rank in favor of the Bank. For the registered immovable property, the loan is disbursed before submitting the Decision on the Mortgage Registration

For facilities under construction where a mortgage has already been established in favor of a bank that finances the investor, an “Executiove out-of-court mortgage" of the 2nd (second) rank in favor of the Bank, on condition that after repayment of the loan, the mortgage relating to the investor’s funding shall be released, and the mortgage relating to the housing loan shall become the 1st (first) rank mortgage. The loan is disbursed based on the Decision on the Registration of the 2nd rank Mortgage

Life Insurance (optional, according to Client’s selection)

Life insurance policy with vinculation in favor of the Bank