Mortgage loans in RSD without NMIC insurance
If you want to buy a new appartment or readjust the existing one, KBC Banka offers mortgage loans in RSD. These loans can also be used for financing of construction of real estate or for refinancing of an existing mortgage loan under the favorable terms.
| Example for mortgage loan in RSD without NMIC insurance | |
|---|---|
| Real estate price | 4.300.000 RSD |
| Loan amount | 3.000.000 RSD |
| Downpayment | 1.300.000 RSD |
| No of monthly installments | 120 |
| NIR on annual level* | (6M BELIBOR + 4,75)% = 15,89 % |
| EIR on annual level** | 18,88% |
| Monthly installment | 50.486 RSD |
| Costs included in calculation of EIR | |
| One-off loan processing fee | 30.000 RSD |
| Annual loan administration fee | 0,3% on the amount of the remaining debt |
| 2 bills of exchange | 100 RSD |
| Basic CB report | 246 RSD |
| Notarization of pledge | 550 RSD |
| Insurance of real estate | 40 EUR |
| Life insurance | 100 EUR |
| Issuance of real estate list | 10 EUR |
| Appraise of real estate | 100 EUR |
| Establishing mortgage | 8.000 RSD + 60 EUR |
| * NIR is variable, calculated according to the proportional method. ** EIR is calculated as at 01.04.2013. based on 6M BELIBOR on 28.03.2013. which is 11,14%. |
|
Loan terms
- Loan amount: up to 10.000.000 RSD
- Loan repayment term: up to 10 years
- Downpayment:
- minimum is 25% of purchase-selling price if real estate under mortgage is subject of buying and selling
- without downpayment, if the mortgage is established on real estate which is not subject to loan with value of at least 30% higher than the amount of the mortgage loan
- Mode of repayment: monthly installments
- Interest rate: NIR 15,89% (6M BELIBOR + fixed margin 4,75)% annually, variable, calculated according to proportional method, EIR 18,88% annually
EIR is calculated on 01.04.2013. on the basis of the representative example for the amount of 3.000.000 EUR and the repayment period 120 months and 6M BELIBOR which is 11,14%. The calculation includes the following costs:
- 2 bills of exchange: 100 RSD
- basic credit bureau report: 246 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
- establishing mortgage: (0,2% + 8.000 RSD) 60 EUR + 8.000 RSD, in RSD countervalue according to the middle exchange rate of NBS
- Loan processing fee: 1% from loan amount + annual administration fee
- Annual loan administration fee for mortgages: 0,3% annually on the amount of the remaining debt
- Early loan repayment fee: up to 1% of prepaid credit, if the period between the date of early repayment and fulfilling obligations under the credit agreement is longer than one year; if period is shorter, this fee may not exceed 0,5% of the prepaid credit. The fee is charged if amount of early repayment in period of 12 months is more than 1.000.000 RSD.
Collateral instruments
- Right of pledge - first rank mortgage pursuant to the Mortgage Law on the property being purchased or any other suitable property, or second rank mortgage if a higher rank mortgage is already registered in favor of KBC Banka as collateral for a mortgage loan
- Basic insurance of the construction value of the mortgaged property with additional flood insurance in the favor of the Bank
- 2 bills of exchange
- Life insurance policy of the borrower to the amount of approved loan with policy issued in favor of the Bank, optional
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