Favorable interest rate, fixed monthly installment in the first three years, no loan processing fee are the advantages offered by Komercijalna banka that make this loan the right choice for everyone who wishes to own a flat.

 

Loans are granted for the purchase of flats from the of mass government residential construction project for members of the security forces of the Republic of Serbia and only members of the security forces may apply for these loans, all in accordance with the Law on special terms for implementation of the residential construction project for members of the security forces. Republic of Serbia is the developer or a company founded by the Republic of Serbia.

 

Construction of flats for members of the security forces is planned in seven locations in Serbia:

  • Belgrade – location Zemun
  • Novi Sad – location Jugovićevo
  • Niš – location of the business-residential compound "Tesla"
  • Kragujevac – location „Denino brdo“
  • Kraljevo – location „Voćareve livade“
  • Vranje – location „Asambair“ (near Peta škola)
  • Sremska Mitrovica – location „Kamenjar“

 

The right to purchase flats under more favorable terms is granted to members of the security forces who:

1. have a registered permanent residence on the territory of the Republic of Serbia and have a full-time job in:

  • Ministry of the Interior,
  • Serbian Army,
  • Security Intelligence Agency,
  • Ministry of Defense,
  • Ministry of Justice – Administration for Enforcement of Penal Sanctions,
  • Past members of the security forces who have earned a pension in one of the government bodies, veterans, families of deceased veterans, disabled war veterans and disabled peacetime veterans,

2. do not have a permanently resolved housing issue or have inadequately resolved housing issue,

3. are on the list of persons who may exercise a right to purchase a flat under more favorable terms,

4. meet the following condition from the Bank:

  • Regular monthly income from salary or pension

 

 

Special benefits for housing loans insured at the NMIC:

-        A security instrument may be a mortgage on a property in initial stages of construction. These loans are insured without the obligation to pay administrative cost for the application to be processed by the NMIC (EUR 30) and with a decrease in the total insurance premium of 30%.

 

Tab – Documentation required:

  1. https://www.kombank.com/pdf/stambeni-krediti-i-krediti-za-refinansiranje-stambenih-kredita-osiguranih-kod-nacionalne-korporacije-sa-deviznom-klauzulom.pdf
  2. https://www.kombank.com/pdf/stambeni-krediti-i-krediti-za-refinansiranje-stambenih-kredita-sa-deviznom-klauzulom-neosigurani-kod-nacionalne-korporacije.pdf

 

 Additional information:

If you are interested in purchasing a flat using a housing loan of Komercijalna banka, feel free to contact the following employees who will provide you support and facilitate your effort in buying a flat.

All our branches are at your disposal.

 

TYPE OF LOAN

INSURED AT THE NATIONAL MORTGAGE INSURANCE CORPORATION (NMIC) WITH A CURRENCY CLAUSE

UNINSURED AT THE NMIC WITH A CURRENCY CLAUSE

LOAN USERS

BANK’S CLIENTS, MEMBERS OF SECURITY FORCES*

 AMOUNT OF LOAN

Up to the applicant’s creditworthiness

DOWNPAYMENT

Minimum 10% of the amount of the purchasing price

LOAN CURRENCY

Dinar loan indexed in EUR

INDEXING CRITERIA

EUR- NBS mid-market rate

NOMINAL INTEREST RATE PER YEAR

2.50% fixed

- for the first 36 months of loan repayment

2.50% + 6M EURIBOR, variable – after 36 months of repayment

Margin is 2.50% - fixed

6M EURIBOR value applies that is defined in the market two business days before 31.05. and 30.11.

2.70% fixed 
-for the first 36 months of loan repayment

2.70% + 6M EURIBOR, variable – after 36 months of loan repayment

Margin of 2.70% - fixed

6M EURIBOR value applies that is defined in the market two business days before 31.05. and 30.11.

INTEREST RATE ADJUSTMENT

Interest rate is adjusted twice a year, 31.05. and 30.11.

REPAYMENT PERIOD

up to 30 years

up to 32 years

BANK’S FEE

No fee

ONE-OFF FEE IN FAVOR OF NMIC

No one-off fee

-

INSURANCE PREMIUM WITH NMIC**

From 1.05% to 2.45% of the loan amount

-

SECURITY FOR THE LOAN

- Borrower’s blank promissory note;

- Mortgage in favor of Komercijalna banka for the property financed regardless of the level of completion of property;

- Optionally, as an additional security instrument, apart from mortgaging the financed property, 1st ranking mortgage in favor of Komercijalna banka for a property that is not being financed (level of completion of the property min. 80%0, on condition that the rate of loan to the mortgage valuation is at least 1:1.3;

- Insurance of property assigned in favor of the Bank with an insurance company acceptable for the Bank;

- Loan insurance at the National Mortgage Insurance Corporation (NMIC)

- Borrower’s blank promissory note;

- Mortgage in favor of Komercijalna banka for the financed property, regardless of the level of completion of the property;

- Optionally, as an additional security instrument, apart from mortgaging the financed property, 1st ranking mortgage in favor of Komercijalna banka for a property that is not being financed (level of completion of the property min. 80%0, on condition that the rate of loan to the mortgage valuation is at least 1:1.3;

- Insurance of property assigned in favor of the Bank with an insurance company acceptable for the Bank;

LOAN REPAYMENT

Monthly in dinar equivalent of the EUR at the NBS mid-market rate on the date of payment of monthly installment.

EARLY REPAYMENT

1% of the amount of prepaid principal if the period between the prepayment of the loan and the final maturity date is longer than a year or 0.5% if this period is shorter, on condition that the amount of prepayment in the period of 12 months is higher than RSD 1,000,000.00

       

 

*Members of the security forces are defined in the Law on special terms for implementation of the residential construction project for members of the security forces.

 

**Cost of insurance premium at NMIC is increased in the following cases:

  1. If the borrower does not have life insurance assigned in favor of the Bank, this premium is increased by 0.175%.
  2. If the mortgaged property is not entered into the land registry or it is in the construction stage, the premium increases by 0.35%.

 

 

In all cases where the loan is secured by a mortgage, when approving a loan there are expenses related to property valuation, insurance, obtaining certificates, licenses, statements and decisions from the competent bodies, etc. these expenses are covered in the representative example.

Housing loans are approved to the Bank’s clients who are members of the security forces with regular salaries* / pensions paid into a current account opened with the Bank.

 

Representative example for a one and a half bedroom apartment with 43 m2 of floor area and gross purchasing price of 550 EUR per m2 (price shown inclusive of VAT)

TYPE OF LOAN

INSURED WITH THE NMIC WITH A CURRENCY CLAUSE

UNINSURED WITH THE NMIC WITH A CURRENCY CLAUSE

LOAN USERS

 BANK’S CLIENTS, MEMBERS OF THE SECURITY FORCES*

PURCHASING VALUE OF THE PROPERTY

EUR 23.650,00

DOWNPAYMENT

EUR 2.365,00

LOAN AMOUNT

EUR 21.285,00

REPAYMENT PERIOD

360 months

LOAN CURRENCY

RSD indexed in EUR

INDEXING CRITERIA

EUR – loans indexed in EUR

NOMINAL INTEREST RATE PER YEAR

2,50% fixed 
- for the first 36 months of repayment

6M EURIBOR + 2,50% variable  
- after 36 months

2,70% fixed

-         For the first 36 months of repayment

6M EURIBOR + 2,70% variable
- after 36 months

BANK’S FEE

No fee

MONTHLY INSTALLMENT

EUR 84,10 – first 36 months
EUR 82,67 – after 36 months

EUR 86,33 – first 36 months
EUR 84,88 – after 36 months

TOTAL AMOUNT OF LOAN INCLUDING INTEREST

EUR 29.812,68

EUR 30.610,00

EFFECTIVE INTEREST RATE

3,08%

3,04%

OTHER EXPENSES INCLUDED IN THE CALCULATION OF EFFECTIVE INTEREST RATE

PREPARATION AND VERIFICATION OF A PLEDGE STATEMENT WITH THE NOTARY PUBLIC

RSD 10.080,00

ANNUAL PROPERTY INSURANCE

EUR 20,00 (RSD 2.351,36)

COST OF PROPERTY VALUATION

EUR 100,00 (RSD 11.756,79)

COST OF VALUATION OF THE MORTGAGED PROPERTY (EVERY 3 YEARS)

EUR 80,00 (RSD 9.405,43)

INSURANCE PREMIUM WITH NMIC

EUR 633,23 (RSD 74.447,37). Insurance premium is shown for a case where the client does not have life insurance and the mortgaged property is in the construction stage.

COST OF OBTAINING A REPORT FROM THE CREDIT BUREAU

RSD 246,00

COST OF ISSUING A PROMISSORY NOTE

RSD 50,00

 

Calculation made as of 30.10.2020.

Value of 6M Euribor as of 28.05.2020 is -0.142%

 

*Representative example is given for the Bank’s clients.

 

Terms for granting this type of housing loans are of informative nature. Please visit the nearest branch of our bank for further information regarding this loan.