Housing loans

Make your dream come true as soon as possible, with minimum procedure and maximum support!

  • With the longest repayment period of up to 30 years.

 

Housing loans are approved to Bank’s clients with regular payment of salaries / pensions to the current account opened with the Bank.

 

Minimum terms that the loan applicant must fulfil:

  • Permanent employment of minimum 6 months with the current employer
  • Total years of service of minimum 12 months

 

Loans for Home Furnishing and Related Expenses

This type of loan is intended to clients who opt for any type of housing loan with the Bank and shall be applied to newly-approved housing loans.
 
The Bank enables the utilization of grace period of up to 12 months with interest accrued to principal debt. Utilization of grace period is not mandatory.

 

RSD loans for home furnishing and related expenses, terms and example

DINAR LOAN FOR FURNISHING A FLAT AND COVERING ATTENDANT COSTS

LOAN AMOUNT

Up to RSD 1,000,000.00 – 1,500,000.00

LOAN CURRENCY

Dinar loans

REPAYMENT PERIOD

Up to 99 months

GRACE PERIOD

Up to 12 months

NOMINAL INTEREST RATE,

between 11.50% and 13.50%, fixed

PER YEAR

– for the first 36 months of repayment

between 6.95% and 8.95% + 6M BELIBOR , variable – after 36 months

Margin between 6.95% and 8.95% is fixed

ADJUSTING INTEREST RATE AFTER 36 M.

First adjustment of interest rate is made after the expiration of the fixed period, including the period of accruing interim interest; afterwards, it is adjusted every six months by applying the value of 6M BELIBOR from two working days before the adjustment date

THE BANK’S FEE

No fee

LOAN COLLATERAL

Two blank promissory notes from the borrower

LOAN REPAYMENT

Monthly in dinars

SPECIAL CONDITION

The loan can be granted only as an accompanying loan to a housing loan.

EXAMPLE:         

DINAR LOAN FOR FURNISHING A FLAT AND COVERING ATTENDANT COSTS

LOAN AMOUNT

RSD 300,000.00

REPAYMENT PERIOD

60 months

NOMINAL INTEREST RATE,

PER YEAR

13.50%, fixed

– for the first 36 months of loan repayment

6M BELIBOR + 8.95%, variable – after 36 months

Margin of 8.95% is fixed

THE BANK’S FEES

No fee

MONTHLY INSTALLMENT

RSD 6,902.95 – for the first 36 months

RSD 6,831.71 – after 36 months

TOTAL LOAN AMOUNT INCL. INTEREST

RSD 412,467.24

EFFECTIVE INTEREST RATE

14.25%

OTHER EXPENSES THAT ARE INCLUDED IN THE CACLULATION OF EFFECTIVE INTEREST RATE

COST OF ISSUING PROMISSORY NOTES

RSD 100,00

6M BELIBOR on 07.03.2016 is 3.50%
Calculation as of 09.03.2016

 

* The example shows a calculation valid for persons who are already clients of the Bank.

** Actual lending conditions depend on internal client segmentation in the Bank. Please consult the Bank’s nearest branch for an actual loan offer.

 

Loans for home furnishing and related expenses with FX clause, terms and example

LOANS FOR HOME FURNISHING AND RELATED EXPENSES WITH CURRENCY CLAUSE

LOAN AMOUNT

Up to RSD 800.000,00

currency of the loan agreement

Dinar loan indexed in EUR

CRITERIA FOR INDEXATION

EUR – middle exchange rate of NBS

REPAYMENT PERIOD

Up to 84 months

GRACE PERIOD

Up to 12 months

NOMINAL INTEREST RATE,

PER ANNUM

from 10,95% to 11,55% fixed

BANK’S FEE

Without fee

collateral

Two blank promissory notes of the loan beneficiary

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

FX DEPOSIT

30% of the loan amount

SPECIAL CONDITION

Loan is approved exclusively along with the approval of housing loan

EXAMPLE:

 

LOANS FOR HOME FURNISHING AND RELATED EXPENSES WITH CURRENCY CLAUSE

LOAN AMOUNT

EUR 5.000,00

REPAYMENT PERIOD

84 months

NOMINAL INTEREST RATE,

PER ANNUM

11,55% fixed

DEPOSIT (MIN 30%)

EUR 1.500,00

BANK’S FEE

Without fee

MONTHLY ANNUITY

EUR 87,06

TOTAL LOAN AMOUNT WITH INTEREST

EUR 7.313,04

EFFECTIVE INTEREST RATE

22,67%

OTHeR COSTS THAT ARE INCLUDED IN CALCULATION OF EFFECTIVE INTEREST RATE

COSTS OF PROMISSORY NOTES ISSUANCE

RSD 100,00

Calculation performed on 09.03.2016

 

*Representative example is calculated for the regular customers 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 with respect to loan calculation.