For renovation and reconstruction for a period from 13 to 180 months
Make your living space more functional, comfortable and more beautiful with Banca Intesa loans for renovation and reconstruction of residential property. With more favorable interest rate and no participation you may enjoy more comfortable and better living space.
All additional information and advice related to this and other housing loans may be received in specialized Intesa Casa centers.
- Loan Features
- Representative example
| Minimum conditions for employment and receipt of salary | Full-time employment and receipt of salary through the account opened with Banca Intesa, at the latest by loan disbursement |
| Type of loan |
Housing loan for renovation and reconstruction of residential property without insurance at the National Mortgage Insurance Corporation (NKOSK) from13 to 180 months |
| 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 13 to 180 months |
| Loan amount |
From 5.000 EUR – up to 70% 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 Method of loan disbursement |
No participation The funds are transferred in maximum of 4 tranches namely:
|
| Interest rate (on an annual basis) |
From 2,45% to 2,70% (3M EURIBOR + from 2,99% to 3,24%), variable* |
| The fee for processing the loan application | From 0,5% to 1% of loan amount |
| Minimum security instruments | |
| 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 |
| 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 |
| Life Insurance (optional, according to Client’s selection) | Life insurance policy with vinculation in favor of the Bank |
*Harmonization of interest rate with the level of 3M EURIBOR on a quarterly basis (March 30, June 30, September 30 and December 30), and the level of interest rate at loan disbursement corresponds to the interest rate established for the current quarter. For loans approved until 30th in month, the intercalary interest shall be calculated from the date of loan disbursement to the date of transfer in repayment, at the interest rate equaling the contracted interest rate. The intercalary interest shall be charged upon the expiration of the utilization period on 30th in month. The value used for the calculation was 3M EURIBOR as of 30.12.2020 amounting -0,54%. The loan shall be repaid in accordance with the NBS middle exchange rate ruling for EUR on the date of maturity of annuity. A change of EUR exchange rate against RSD may lead to significant change of total amount in RSD which is subject to repayment.
Other calculations related to this product can be taken over at Intesa Casa centers and larger Bank’s branches.
| Type of loan |
Housing loan for renovation and reconstruction of residential property without insurance at the National Mortgage Insurance Corporation (NKOSK) from 13 to 180 months |
|
| Loan currency | EUR | |
| Criteria for indexing |
Dinar equivalent per NBS middle exchange rate on the date of loan disbursement |
|
| Real estate purchase and sales price | 30.000 EUR | |
| Participation | No participation | |
| Repayment period | 180 months | |
| Monthly installment | 201,25 EUR | |
| Interest rate (on an annual basis) |
2,55% (3M EURIBOR + 3,09%), variable.* | |
| Calculation example without life insurance | Calculation example with life insurance | |
|
Effective Interest Rate (on an annual basis)The total loan amount that user has to pay against the loan |
3,20% 37.513,32 EUR |
3,81% 39.013,32 EUR |
| Costs which are borne by the user, that are known at the time of publication | ||
| The fee for processing the loan application | 1% of loan amount | |
| Bills of exchange (three) | 150 RSD | |
| Basic credit bureau report | 246 RSD** | |
| Certification of pledge statement | 10.080 RSD** | |
| Property insurance - annually | 40 EUR** | |
| Issuance of real estate folio | 10 EUR** | |
| Property evaluation | 100 EUR** | |
| The fee for registration of mortgage | 22.020 RSD** | |
*Harmonization of interest rate with the level of 3M EURIBOR on a quarterly basis (March 30, June 30, September 30 and December 30), and the level of interest rate at loan disbursement corresponds to the interest rate established for the current quarter. For loans approved until 30th in month, the intercalary interest shall be calculated from the date of loan disbursement to the date of transfer in repayment, at the interest rate equaling the contracted interest rate. The intercalary interest shall be charged upon the expiration of the utilization period on 30th in month. The value used for the calculation was 3M EURIBOR as of 30.12.2020 amounting -0,54%. The loan shall be repaid in accordance with the NBS middle exchange rate ruling for EUR on the date of maturity of annuity. A change of EUR exchange rate against RSD may lead to significant change of total amount in RSD which is subject to repayment.
Other calculations related to this product can be taken over at Intesa Casa centers and larger Bank’s branches.
** Costs to be borne by the Beneficiary, included in the calculation of effective interest rate, on which the Bank has no influence. Please note that this concerns framework (average) amounts on which the Bank has no influence, and which depend on court taxes and fees, Republic Geodetic Authority, premium insurance of Insurance Companies and the like.