Housing loans and loans for refinancing of housing loans insured with the National Mortgage Insurance Corporation with currency clause

Housing loans from this program are approved for the following purposes:

- purchase, construction, renovation, reconstruction, refurbishment and upward extension on residential building

Housing loans insured with NMIC with currency clause, terms and examples:

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

from 4,15% to 4,65% + 6M EURIBOR, variable

PER ANNUM

Margin level from 4,15% to 4,65% 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

from 0,5% to 1,50% , of the loan amount

BANK’S FEE FOR REFINANCING OF LOANS OF OTHER BANKS

Without fee

ONE-TIME FEE IN FAVOUR OF NMIC

EUR 30,00

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 1.000.000,0

 

 

 

 

EXAMPLE:

 

TYPE OF LOAN

HOUSING LOANS WITH CURRENCY CLAUSE INSURED WITH THE NMIC

REAL ESTATE PURCHASE/SALE VALUE

EUR 43.000,00

DOWN PAYMENT

EUR 13.000,00

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, VARIABLE

6M EURIBOR + 4,65%

BANK’S FEE (1.50% OF THE LOAN AMOUNT)

EUR 450,00

MONTHLY ANNUITY

EUR 152,02

TOTAL AMOUNT OF LOAN WITH INTEREST

EUR 54.727,20

EFFECTIVE INTEREST RATE

5,34%

 

OTHER COSTS THAT ARE INCLUDED IN CALCULATION OF EFFECTIVE INTEREST RATE

MORTGAGE REGISTRATION FEE

RSD 20.000,00

PREPARATION AND VERIFICATION OF LIEN STATEMENT BY NOTARIES PUBLIC

RSD 10.080,00

ANNUAL REAL ESTATE INSURANCE

EUR 40,00 (RSD 4918,42)

COSTS OF IMMOVABLE PROPERTY CERTIFICATE ISSUANCE

EUR 10,00 (RSD 1.229,60)

COSTS OF REAL ESTATE VALUATION

EUR 100,00 (RSD 12.296,07)

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

Max EUR 80,00 (RSD 9.836,85)

INSURANCE PREMIUM WITH NMIC (1,75% OF THE LOAN AMOUNT + EUR 30,00)

EUR 525,00 (RSD 64.554,36)

EUR 30,00 (RSD 3.688,82)

COSTS OF OBTAINING THE REPORT FROM CREDIT BUREAU

RSD 246,00

COSTS OF PROMISSORY NOTES ISSUANCE

RSD 100,00

Calculation performed on 01.06.2016.

Value of 6m EURIBOR as of 29.03.2016 is -0,134%

 

*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.