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Housing loans from this program are approved for the following purposes:
- purchase, construction, renovation, reconstruction, refurbishment and upward extension on residential building
TYPE OF LOAN HOUSING LOANS INSURED WITH THE NMIC WITH CURRENCY CLAUSE LOAN AMOUNT Up to creditworthiness of the loan applicant CURRENCY OF THE LOAN AGREEMENT Dinar loan indexed in EUR CRITERIA FOR INDEXATION EUR-middle exchange rate of NBS NOMINAL INEREST RATE PER ANNUM From2,70% to 2,90% fixed From 2,70% to 2,90%+ 6M EURIBOR, variable- after 36 months of loan repayment PER ANNUM Margin level from 2,70% to 2,90% is fixed The value of 6M EURIBOR is applied, which is defined in the market two days prior to 31.05. and to 30.11. ADJUSTMENT OF INTEREST RATE Adjustment of interest rate is performed twice a year, on 31.05. and on 30.11. REPAYMENT PERIOD Up to 30 years GRACE PERIOD Up to 12 months , with accrual of calculated interest to the main debt, or payment of interest on monthly basis in grace period BANK’S FEE Without fee BANK’S FEE FOR REFINANCING OF LOANS OF OTHER BANKS Without fee ONE-TIME FEE IN FAVOUR OF NMIC EUR 30,00 INSURANCE PREMIUM WITH NMIC* From 1,50% to 2,50% on the amount of Bank’s Loan COLLATERAL - Two blank promissory notes of the loan user - I or II rank mortgage when the i rank mortage is established as collateral in favour of komercijalna banka on real estate that is financed or on another real estate in favour of komercijalna banka provided that the loan amount does not exceed 80% of the real estate value, reduced for the amount of other claims secured by higher-ranking lien on the same real estate - Insurance of real estate assigned in favour of komercijalna banka with the insurance companies - Loan insurance with the national mortgage insurance corporation LOAN REPAYMENT On monthly basis in dinar equivalent of EUR at middle exchange rate of NBS applicable on the date of payment of monthly annuity DOWN PAYMENT Min 20% of the real estate purchase/sale price, and/or extended/estimated bill of quantities if the same real estate is financed and pledged or without down payment if the collateral is another real estate whose value exceeds the loan amount by minimum 30% EARLY REPAYMENT Purchase of real estate: 1% of the amount of early repaid principal if the period between the early repayment of the loan and final maturity date is longer than one year, or 0,5% if the stated period is shorter provided that the amount of early repayment over the period of 12 months exceeds RSD 1.000.000,00 *The cost of the loan insurance premium at NKOSK is increased in the following cases: 1. if loan beneficiary does not have life insurance vinkulated in favour of the Bank - add 0.25% 2. if the object of the mortgage is "facility under construction" - add 0.50% 3. if the object of the mortgage is "the facility legalized in according to the Law on Planning and Construction", based on the minimum technical documentation - add 0.15% 4. if the level of credit indebtedness of the loan user and co-debtor (the ratio of total monthly loan liabilities and monthly net income minus the value of the minimum consumer basket for the first adult household member according to the latest published data of the Republic Statistical Office): equal to or greater than 60% - add 0.50%, equal to or greater than 70% - add 1.00%. In all cases where loan collateral is a mortgage, when approving a loan, there are some related expenses included, such as the costs of estimation of property value, insurance, obtaining certificates, permits, statements of authorities, the costs of the mortgage registration, etc. These costs are shown in a representative example EXAMPLE: TYPE OF LOAN HOUSING LOANS WITH CURRENCY CLAUSE INSURED WITH THE NMIC - WITHOUT LIFE INSURANCE REAL ESTATE PURCHASE/SALE VALUE EUR 37.500,00 DOWN PAYMENT EUR 7.500,00 LOAN AMOUNT EUR 30.000,00 REPAYMENT PERIOD 360 months CURRENCY OF THE LOAN AGREEMENT RSD indexed in EUR CRITERIA FOR INDEXATION EUR – loans indexed in EUR NOMINAL INTEREST RATE PER ANNUM 2,90% fixed 6M EURIBOR+2,90% variable BANK’S FEE Without fee MONTHLY ANNUITY EUR 124,87 – first 36 months TOTAL AMOUNT OF LOAN WITH INTEREST EUR 43.796,52 EFFECTIVE INTEREST RATE 3,43% OTHER EXPENSES INCLUDED IN CALCULATION OF EFFECTIVE INTEREST RATE MORTGAGE REGISTRATION FEE RSD 22.210,00 PREPARATION AND VERIFICATION OF LIEN STATEMENT BY NOTARIES PUBLIC RSD 10.080,00 ANNUAL REAL ESTATE INSURANCE EUR 40,00 (RSD 4.709,68) COSTS OF IMMOVABLE PROPERTY CERTIFICATE ISSUANCE*** EUR 10,00 (RSD 1.177,42) COSTS OF REAL ESTATE VALUATION EUR 100,00 (RSD 11.774,21) COSTS OF EVALUATING THE REAL ESTATE THAT IS MORTGAGED (EVERY 3 YEARS) Max EUR 80,00 (RSD 9.419,37) INSURANCE PREMIUM WITH NMIC (2,75% OF THE LOAN AMOUNT + EUR 30,00) EUR 825,00 (RSD 97.137,23) EUR 30,00 (RSD 3.532,26) COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU RSD 246,00 COSTS OF PROMISSORY NOTES ISSUANCE RSD 100,00 Calculation performed on 05.08.2019. Value of 6MEuribor as of 29.05.2019 is -0,245% *Representative example is calculated for the regular customers of the Bank. **Specific term of lending depend on internal segmentation of Bank’s clients. Please approach the nearest branch or sub-branch of the Bank for further information regarding loan calculation. *** Cost of issuing the property list is presented for the issuance of one document. The cost may be increased depending on number of property lists, required in the process of loan approval. As at the day of loan realization, the property list must not be older than 30 days from the date of issuing the same.
– first 36 months of loan repayment
– first 36 months of loan repayment
-after 36 months
EUR 121,30 – after 36 months