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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 From EUR 12.000 to EUR 300.000 CURRENCY OF THE LOAN AGREEMENT Dinar loan indexed in EUR CRITERIA FOR INDEXATION EUR-middle exchange rate of NBS NOMINAL INEREST RATE PER ANNUM From 2,89% to 3,49% + 6M EURIBOR variable PER ANNUM Margin level from 2,89% to 3,49% is fixed Applied value of 6M EURIBOR 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 From 8 to 30 years 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 - 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 purchaseprice 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 2,38% variable (6M EURIBOR+2,89%) BANK’S FEE Without fee MONTHLY ANNUITY EUR 116,69 TOTAL AMOUNT OF LOAN WITH INTEREST EUR 42.038,16 EFFECTIVE INTEREST RATE 3,11% 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 4.702,48) COSTS OF IMMOVABLE PROPERTY CERTIFICATE ISSUANCE* EUR 10,00 (RSD 1.175,62) COSTS OF REAL ESTATE VALUATION EUR 100,00 (RSD 11.756,19) COSTS OF EVALUATING THE REAL ESTATE THAT IS MORTGAGED (EVERY 3 YEARS) Max EUR 80,00 (RSD 9.404,95) INSURANCE PREMIUM WITH NMIC (2,75% OF THE LOAN AMOUNT + EUR 30,00) EUR 825,00 (RSD 96.988,57) EUR 30,00 (RSD 3.526,86) COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU RSD 246,00 COSTS OF PROMISSORY NOTES ISSUANCE RSD 100,00 Calculation performed on 15.07.2021. Value of 6MEuribor as of 27.05.2021. is -0,509% * Cost of issuing the property list is presented for the issuance of one document. The cost may be increased depending on number of pages, as well as the 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. A representative example is calculated for regular customers of the Bank.
The conditions for approving this type of housing loan are of an informative nature. For the possibility of submitting a request and more detailed information regarding this loan product, we invite you to contact the nearest branch of the Bank. Specific lending conditions depend on the internal segmentation of the Bank’s clients.
Housing loans are granted to the Bank’s clients with regular earnings / pensions on account opened with the Bank.
Minimum conditions for employees:
• Permanent employment
• Minimum 3 months of employment with the current employer or 6 months for employees of the entrepreneur
• Total length of service minimum 12 months