The right to purchase apartments under more favorable conditions is granted to:
Loans are approved for the purchase of apartments built within the state mass housing construction project for members of security forces of the Republic of Serbia.
Minimum loan amount
Maximum loan amount
From 36 to 360 months with the option of a grace period of up to 12 months, which is included in the loan repayment period.
Loan is repaid in equal monthly annuities due on the last day of the month.
A minimum of 10% of the purchase value of the real estate if mortgage is constituted on the real estate that is the subject of the loan.
Down payment is not required if mortgage is constituted on another real estate (which is not the subject of the loan), if the value of that real estate exceeds the loan amount by at least 30%.
Down payment is not required if the housing loan is refinanced with other banks.
Bank calculates and charges interest on the amount of the approved housing loan at the following rate:
For EUR-indexed loans:
For RSD loans:
Change in the interest rate described in the manner referred to in paragraph 1, item 2 of this Article is made twice a year, by calculating the newly determined interest rate on the balance of the outstanding principal as of 30 June and 31 December of each year. Interest is calculated using the proportional method.
The Bank calculates default interest on all due and outstanding loan obligations at the interest rate prescribed by the Law on Default Interest, or the contracted (regular) interest rate if it is higher. Default interest is calculated using the proportional method.
In the case of loans without a grace period, the Bank calculates intercalary interest rate equal to the contracted regular interest rate during the period from the loan disbursement date until the date on which the loan repayment starts (last day of the month). Intercalary interest is charged at the moment the loan repayment starts.
In the case of loans with a grace period, during the grace period, the intercalary interest is calculated using the contracted (regular) interest rate, without charging the it. The calculated intercalary interest is capitalized, that is, added to the principal balance of the loan at the time when the loan repayment starts. Principal increased in this manner is the basis for creating an annuity plan.
Costs borne by the client are known at the time of publishing and are included in the calculation of the effective interest rate.
The bank cannot influence the amount of fees charged by other persons (NMIC, notary public, insurance company) related to the housing loan approval process.
By cashless transfer of funds to the seller's account when the subject of the loan is the purchase of residential property.