Loans for legalization
KBC Banka approves loans for legalization of illegally constructed facilities (apartments, houses, business premises) for physical persons with mandatory decision of competent authority which allows legalization.
Loan terms
- Loan amount: from 25.000 RSD
- No deposit
- No guarantors needed for loans up to 1.000.000 RSD
- Interest rate:
- For clients with regular earnings inflow in KBC Banka: NIR 17,10% annually, variable, calculated according to the prorata method, EIR starting from 19,91%
- For other clients: NIR 25,00% annually, variable, calculated according to the prorata method, EIR starting from 29,83%
- Loan repayment term: up to 60 months
- Mode of repayment terms: equal monthly annuities, minimal installment is 1.000 RSD
- Loan Processing Fees: 2% from loan amount, minimum 1.000 RSD, fixed
- Early loan repayment fee: 2% of the early repaid amount, variable
Additional information
- The owner of the property can apply for and implement this loan, as well as the members of the nearest family (spouse, parents, children)
- In case that the loan applicant is not the owner of the property, it is necessary to prove kinship with the excerpt from the birth / marriage certificate
Collateral instruments
- For loans up to 1.000.000 RSD:
- 2 bills of exchange for loan beneficiary
- Bill of exchange for the owner of the real estate (only if loan beneficiary is not the owner of the real estate)
- Administrative order on salary
- Owner’s statement that the real estate will not be sold or estrange till loan repayment
- 1 creditworthy guarantor
- For loans above 1.000.001 RSD:
- 2 bills of exchange for loan beneficiary
- Bill of exchange for the owner of the real estate (only if loan beneficiary is not the owner of the real estate)
- Administrative order on salary
- Statement of pledge on the object of legalization
Requested documentation
- Loan application form (Bank form)
- Deed of property over real estate (proprietary rights, sales contract...)
- Approval for legalization, document with the payment amount and account number in wich this amunt will be paid
- Certified data on the loan applicant (Bank’s form)
- Certified wage slips for the applicant for the last three months and current account statement from the relevant bank, if requested (and guarantor)
- Certified data on the guarantor (Bank’s form)
- Administrative order on salary
- Photocopy of the ID card of the loan applicant and guarantor
- Photocopy of health insurance card (and guarantor)
| Example for clients with regular earnings inflow in KBC Banka | |||
|---|---|---|---|
| amount | 300.000 RSD | 500.000 RSD | 1.000.000 RSD |
| number of installments | 60 | 60 | 60 |
| NIR per year | 17,10% | 17,10% | 17,10% |
| EIR per year | 19,91% | 19,91% | 19,91% |
| deposit | no | no | no |
| monthly installment | 7.515 RSD | 12.524 RSD | 25.049 RSD |
*EIR as of 01.04.2011. |
|||
| Example for other clients | |||
|---|---|---|---|
| amount | 300.000 RSD | 500.000 RSD | 1.000.000 RSD |
| number of installments | 60 | 60 | 60 |
| NIR per year | 25,00% | 25,00% | 25,00% |
| EIR per year | 29,83% | 29,83% | 29,83% |
| deposit | no | no | no |
| monthly installment | 8.874 RSD | 14.790 RSD | 29.579 RSD |
*EIR as of 01.04.2011. |
|||
General Terms and Conditions for Retail Loan Approval
For additional information please call KBC Info telephone number (011) 30-50-575 any work day from 9:00 until 18:00 or visit our nearest branch office