Cash and refinancing loans secured by mortgage

Cash and refinancing loans with no currency clause and mortgage collateral:

LOAN

CASH AND REFINANCING LOANS WITH NO CURRENCY CLAUSE AND MORTGAGE COLLATERAL

 

CUSTOMERS OF THE BANK

LOAN AMOUNT

Depending on the applicant’s credit worthiness

AGREED CURRENCY

Local currency loan

LOAN INDEXING CRITERIA

Up to 77 months

REPAYMENT TERM

6M BELIBOR + 6.75%

NOMINAL INTEREST RATE

p.a. floating

Adjustment of interest rate is carried out twice a year, each six months, from the date of

transferring the loan into the repayment process by applying the value of 6M EURIBOR

which is defined on the market two working days prior to the adjustment date

ADJUSTMENT OF BELIBOR TIED INTEREST RATE

2% of loan amount

COLLATERAL

- Two blank promissory notes from the borrower;

- 1st or 2nd class mortgage on the real-property (residential or commercial property located within the city area) in favour of Komercijalna Banka in minimum 1:2 value ratio

- Real property insurance in favour of the Bank

LOAN REPAYMENT

Monthly in Dinars


In all cases were the loan is secured by mortgage, costs are involved when granting the loan relating to value assessment, obtaining certificates, licences, statements and decision of the competent authorities, the costs of constituting a mortgage etc. Representative example contains the costs referred to above. 

EXAMPLE:

LOAN

CASH AND REFINANCING LOANS WITH NOT CURRENCY CLAUSE WITH MORTGAGE COLLATERAL    

 LOAN AMOUNT

RSD 500.000

REPAYMENT TERM

77 months

AGREED CURRENCY

Local currency loan

NOMINAL INTEREST RATE;

p.a. floating

6M BELIBOR + 6.75%

BANK’S FEE   

(2% of loan amount )

RSD 10.000,00

MONTHLY ANNUITY

RSD 7.160,47 – the first 36 months

RSD 7.088,93 – after 36 months

COLLATERAL        

-Two promissory notes from the borrower

- 1st or 2nd class mortgage

- Real property insurance

 

MORTGAGE REGISTRATION FEE 

RSD 20.000,00

PREPARATION AND VERIFICATION OF LIEN LETTER BY NOTARIES PUBLIC

RSD 10.080,00

ANNUAL PROPERTY INSURANCE

EUR 40,00 (RSD 4.918,42)

COST OF TITLE DEED ISSUE

EUR 10,00 (RSD 1.229,60)

COST OF REAL-ESTATE VALUE ASSESSMENT

 EUR 100,00 (RSD 12.296,07)

COST OF EVALUATING THE REAL ESTATE THAT IS MORTGAGED
(every 3 years)

 

Max EUR 80,00 (Max RSD 9.836,85)

COST OF OBTAINING CREDIT BUREAU REPORT

 

RSD 246,00

COST OF BOND ISSUE

RSD 100,00

TOTAL AMOUNT OF LOAN WITH INCURRED INTEREST

RSD 704.379,51

EFFECTIVE INTEREST RATE

15,60%


Value of 6M BELIBOR on 30.05.2016. came to 3,54%
Calculated on 01.06.2016.


Cash and refinancing loans secured by mortgage:

type of loan

CASH LOANS AND LOANS FOR REFINANCING WITH CURRENCY CLAUSE SECURED WITH MORTGAGE

 

bank’s clients

loan amount

Up to creditworthiness of the loan applicant

CURRENCY OF THE LOAN AGREEMENT

Dinar loan indexed in EUR

CRITERIA FOR LOAN INDEXATION

EUR – middle exchange rate of NBS

REPAYMENT PERIOD

Up to 10 years

NOMINAL INTEREST RATE

PER ANNUM

from 4,95% to 5,45% fixed, the first 36 months

from 4,95% to 5,45% + 6M EURIBOR – after 36 months

Margin level from 4,95% to 5,45% is fixed

ADJUSTMENT OF INTEREST RATE LINKED TO EURIBOR

The first adjustment of interest rate is performed upon expiry of the fixed period, including the period of calculation of interim interest, and then every six months by applying the value of 6M EURIBOR, which is defined in the market two working days prior to the date of adjustment

BANK’S FEE

1% - 2% of the loan amount

COLLATERAL

- Two blank bills of exchange of the loan beneficiary

- I or II rank mortgage on real estate (residential or office building located in city area) in favour of Komercijalna banka in minimum ratio 1:2

- Real estate insurance assigned in favour of Bank

LOAN REPAYMENT

On monthly basis in dinar equivalent of EUR at middle exchange rate of NBS applicable as of the date of payment of monthly annuity

FX DEPOSIT

30% of the loan amount

In all cases where the collateral for loan is the mortgage on real estate, at the time of approval of the loan the costs will incur that refer to valuation, insurance, obtaining of certificates, permits, statements and decisions of authorities, as well as the costs of establishing the mortgage and alike. The above stated costs are included in the representative example.


EXAMPLE:

type of loan

CASH LOANS AND LOANS FOR REFINANCING WITH CURRENCY CLAUSE SECURED WITH MORTGAGE

LOAN AMOUNT

EUR 10.000,00

REPAYMENT PERIOD

120 months

currency of the loan agreement

Dinar loan indexed in EUR

CRITERIA FOR INDEXATION OF LOAN

EUR – middle exchange rate of NBS

NOMINAL INTEREST RATE;

PER ANNUM

5,45% fixed, the first 36 months

5,45% + 6M EURIBOR – after 36 months

Margin level of 5,45% is fixed

DEPOSIT (MIN 30%)

EUR 3.000,00

BANKS’ FEE

(2% OF LOAN AMOUNT)

EUR 200,00 (RSD 24.660,96)

MONTHLY ANNUITY

EUR 108,28 –the first 36 months

EUR 107,74 – after 36 months

COLLATERAL

- Two bills of exchange of the loan beneficiary

- I or II rank mortgage

- Real estate insurance

FEE FOR MORTGAGE REGISTRATION 

RSD 20.000,00

drafting and certifying the lien statement

with public notary

RSD 10.080,00

annual real estate insurance

EUR 40,00 (RSD 4.918,42)

costs of issuance of the real estate folio in the land register

EUR 10,00 (RSD 1.229,60)

COSTS OF REAL ESTATE VALUATION

EUR 100,00 (RSD 12.296,07)

COSTS OF VALUATION OF THE REAL ESTATE THAT IS MORTGAGED
(EVERY 3 YEARS)

Max EUR 80,00 (Max RSD 9.836,85)

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

COSTS OF BILLS OF EXCHANGE ISSUANCE

RSD 100,00

TOTAL LOAN AMOUNT WITH INTEREST

EUR 12.948,24

EFFECTIVE INTEREST RATE

15,53%

 

Value of 6M EURIBOR on 30.05.2016 is -0,151%
Calculation performed on 01.06.2016

 

 

*Representative example is calculated for regular clients of the Bank.

**Specific terms 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.