Subsidized mortgage loans insured in NMIC
KBC Banka grants mortgage loans with subsidized interest rate from the budget of the Republic of Serbia.
Credit conditions
- Credit amount: up to 100.000 EUR EUR in RSD counter value, on a day of disbursement Bank's participation in loan up to 75.000 EUR (75% of purchase/selling price for real estate / requested loan amount). Loan amount from the budget of RS 20% of purchase/selling price for real estate / requested loan amount.
- Repayment term: up to 360 months. Repayment term for Bank's loan 300 months (25 years). Repayment term for loan from budget of RS 60 months (5 years). Funds from the budget of RS loan beneficiary is repaying after expiration of the repayment term for the Bank's loan, the latest from 25 to 30 year after loan disbursement.
- Grace period: maximum up to 300 months for credit from the budget of the Republic of Serbia; for credit approved from assets of the Bank, no grace period
- Downpayment: minimum 5% of sales prices of real estate / requested credit amount
- Way of repayment: monthly installments in RSD counter value, calculated at NBS middle rate valid on the day of loan reimbursement
- Interest rate:
- for loan from Bank’s funds NIR 5,91% (6M EURIBOR + 4,50)%, on the annual level, calculated according to the method, EIR 6,55% annual level
- 0% on the annual level on the credit from the budget of the Republic of Serbia, without charging intercalary interest rate for the period of repayment of the Bank's loan.
EIR is calculated on 03.02.2012. 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
- mortgage registration: (0,2% + 8.000 RSD) 60 EUR + 8.000 RSD, in RSD countervalue according to the middle exchange rate of NBS
- Loan processing fee: 0,5% of the credit amount
Basic conditions
- Credit Beneficiary is not younger than 20; age limit 70 years of age for repayment of last credit instalment
- Credit Beneficiary / spouse does not own residential building in full
- If the Credit Beneficiary owns real estate in ownership, he can obtain the credit for purchase of new real estate in the extent of difference of value of real estate it owns and new real estate
- Credit Beneficiary / spouse does not have mortgage loan in use except for the credit for adaptation
- Monthly salary does not exceed maximum net amount of 150.000 RSD per Credit Beneficiary, i.e. spouse of Credit Beneficiary
- Credit Beneficiary (and his co-debtor if any) is obligated to open the current account in KBC Banka and transfer the receipt of salary to that account. Obligation to receive salary exists in course of total credit repayment period
Collateral instruments
- Right of pledge - I rank mortgage on real estate which is purchased or other adequate real estate in the proportional manner in favour of the Bank (for the entire credit amount of Bank) and in favour of the Republic of Serbia (for the entire credit amount of the Republic of Serbia)
- 2 bills of exchange
- Insurance of real estate on construction value from basic risks and additional risk for water discharge, in favour of the Bank and the Republic of Serbia
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