Long-term mortgage loans for professional army personnel of the Serbian army
KBC Banka approves long-term mortgage loans for professional army personnel for buying or construction of a residential building.
LOAN TERMS
- Loan amount: up to 100.000 EUR
- Participation: 14% - 25% of the retail real-estate price / requested loan amount provided from the Budget of the Republic of Serbia in form of long-term mortgage loan
- Interest rate:
- 0,1 % annually on the part of the loan provided from the Budget of the Republic of Serbia
- NIR 4,56% (6M EURIBOR + 3,50)%, annually, variable, calculated by proportional method on the part of the loan approved by the Bank; EIR 5,31%
EIR is calculated on 11.04.2012. on the basis of the representative example for the amount of 30.000 EUR and the repayment period 360 months. The calculation includes the following costs:- 2 bills of exchange: 100 RSD
- basic credit bureau report: 205 RSD
- notarization of pledge: 550 RSD
- insurance of real estate: 40 EUR, annually, in RSD countervalue according to the middle exchange rate of NBS
- life insurance: 100 EUR, annually, in RSD countervalue according to the middle exchange rate of NBS
- issuance of real estate list: 10 EUR, in RSD countervalue according to the middle exchange rate of NBS
- appraise of the real estate: 100 EUR, in RSD countervalue according to the middle exchange rate of NBS
- NMIC premium: (1,75% + 30 EUR) 555 EUR, in RSD countervalue according to the middle exchange rate of NBS
- establishing mortgage: (0,2% + 8.000 RSD) 60 EUR + 8.000 RSD, in RSD countervalue according to the middle exchange rate of NBS
- statement of the loan applicant, notarized in court, that he/she doesn't owe real estate: 550 RSD
- statement of the loan applicant's spouse, that he/she doesn't owe real estate (i.e. notarized statement of the loan applicant, that he/she is not married): 550 RSD
- Repayment term: up to 360 months
- up to 300 months for the part of the loan approved by the bank
- up to 60 months for the part of the loan provided from the Budget of Republic of Serbia
- Grace period: maximum of 300 months for the loan provided from the Budget of the Republic of Serbia; there is no grace period for the loan approved by the bank
- Repayment mode:
- Bank collects whole loan amount in annuities, in line with repayment plan
- One-off fee for approval and administrative costs: 0,5% from the loan amount approved by the Bank
- Insurance premium at NMIC: the client pays insurance premium at NMIC from his own assets
- Early repayment: the early repayment can be made only after 5 years. Partial early repayment is allowed only if the loan is proportionally repaid to both the Bank and the Republic of Serbia
Basic conditions
- The loan user has to have status of a professional army personnel
- Age limit for repayment of the last installment is 70 years of age
- Loan Beneficiary / his spouse does not own a residential building entirely
- If the Loan Beneficiary owns a real-estate property he can get a mortgage loan for buying a new real estate in the amount of variance value of the real-estate he owns and the real-estate he intends to buy
- The Loan Beneficiary / his/her spouse does not have another active loan
- The Loan Beneficiary (or his co-debtor if any) has to open a current account in KBC Banka and to transfer his salary to this account. This obligation is active during the whole period of repayment.
Collateral instruments
- Right of pledge – First-rank mortgage to the real-estate that is being bought or any other adequate real-estate proportionally in favour of the Bank (for the whole amount of Bank’s loan) and in favour of the Republic of Serbia (for the whole amount of the loan provided from the Budget of the Republic of Serbia)
Note: Mortgaged real-estate has to be registered in the real-estate land registry, or Real estate Cadastre, i.e. registered according to the rules of title-deed system where there is no land registry or Real estate Cadastre. If the real-estate is not registered in the land registry it will be accepted as a collateral instrument in the following cases: - Real-estate insurance for its construction value, from construction risks and additional flood risks issued in favour of the Bank and the Republic of Serbia
- General terms and conditions for granting mortgage loans for professional army personnel
- Required documentation
KEEP IN CLOSE TOUCH WITH YOUR MONEY WHEREVER YOU ARE
Most contemporary Online Banking service of KBC Banka enables you to monitor repayment of your mortgage loan at any time and at any place!
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