Housing loans and loans for refinancing of housing loans with currency clause not insured with the National Corporation

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


- purchase, construction, renovation, reconstruction, rehabilitation and upward extension of the residential building/unit

TYPE OF LOAN

HOUSING LOANS WITH A CURRENCY CLAUSE UNINSURED BY THE NMIC

LOAN AMOUNT

Up to the applicant’s creditworthiness

LOAN CURRENCY

Dinar loan indexed in EUR

INDEXING CRITERIA

EUR – NBS middle exchange rate

REPAYMENT PERIOD

Up to 32 years

GRACE PERIOD

Up to 12 months; interest is accrued to the main debt

NOMINAL INTEREST RATE, PER ANNUM, VARIABLE*

From 3,00% to 3,40% fixed

– first 36 months of loan repayment

From 3,00% to 3,40%+ 6M EURIBOR, variable- after 36 months

Margin level from 3,00% to 3,40% is fixed

INTEREST RATE ADJUSTMENT

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

THE BANK’S FEE

Without fee

LOAN COLLATERAL

-       Two blank promissory notes from the borrower

- first ranking mortgage or second ranking mortgage, when the first ranking mortgage has been taken as a collateral in favour of Komercijalna banka on a property that is being financed or another property in favour of Komercijalna banka, on condition that the loan amount does not exceed 80% of the value of property reduced by the amount of other receivables secured by a higher ranking lien right on the same property

- property insurance assigned in favour of Komercijalna banka

LOAN REPAYMENT

Monthly in dinar equivalent of the EUR at a middle NBS exchange rate on the day monthly instalment is paid

DOWNPAYMENT

Min 20% of the sales price of property or the bill of quantities if the same property is being financed or is pledged, or without downpayment if the collateral is another property whose value is at least 30% greater than the loan amount

EARLY REPAYMENT

Purchase of property

1% of the early repaid principal if the period between the early repayment of the loan and its final due date is longer than one year, or 0.5% if the this period is shorter, on condition that the early repaid amount in the period of 12 months is greater than RSD 1,000,000.00

 

EXAMPLES:

 

 

 

TYPE OF LOAN

HOUSING LOANS WITH A CURRENCY CLAUSE UNINSURED AT THE NMIC

SALES VALUE OF PROPERTY

EUR 37,500.00

DOWNPAYMENT (MIN 20%)

EUR 7,500.00

LOAN AMOUNT

EUR 30,000.00

REPAYMENT PERIOD

360 months

LOAN CURRENCY

RSD indexed in EUR

INDEXING CRITERIA

EUR – loans indexed in EUR

NOMINAL INTEREST RATE PER ANNUM

 

3,40% fixed

– first 36 months of loan repayment

6M EURIBOR+3,40% variable

-after 36 months

THE BANK’S FEE

 Without fee

MONTHLY INSTALLMENT

 

EUR 133,04 – first 36 months
EUR 128,92 – after 36 months

MORTGAGE REGISTRATION TAX

RSD 20,000.00

PREPARATION AND VERIFICATION OF LIEN STATEMENT AT THE NOTARY BUBLIC

RSD 10,080.00

ANNUAL PROPERTY INSURANCE

EUR 40,00 (RSD 4.730,40)

COST OF ISSUING PROPERTY FOLIO***

EUR 10,00 (RSD 1.182,60)

COST OF VALUING A PROPERTY

EUR 100,00 (RSD 11.825,99)

COST OF VALUING A PROPERTY THAT IS MORTGAGED (EVERY 3 YEARS)

Max EUR 80,00 (Max RSD 9.460,79)

COST OF OBTAINING A REPORT FROM THE CREDIT BUREAU

RSD 246.00

COST OF ISSUING PROMISSORY

RSD 100.00

TOTAL AMOUNT OF LOAN INCL. INTEREST

EUR 46.590,69

EFFECTIVE INTEREST RATE

3,68%

Calculation performed on 19.03.2018.

Value of 6MEuribor as of 29.11.2017 is -0,276%

 

*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 same 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.