Loan is granted to the client who meets the following conditions:
Loans are approved for the following purposes:
Loan amount from EUR 15,000 to EUR 500,000 (up to 70% of the estimated market value of real estate located in an urban area).
Repayment period:
From 24 to 240 months
Housing loan is repaid in equal monthly annuities in EUR, which are due on the last day of the month.
Minimum 30% of the purchase value of the real estate.
Bank calculates and charges interest on the amount of the approved housing loan for non-residents at a variable interest rate:
Adjustment of the said interest rate is performed according to 6M Euribor, every 6 months, counting from the day of expiry of the first 36 months following the loan disbursement date, until the end of the repayment period.
On the due date of the thirty-sixth annuity, the loan beneficiary pays the contracted annuity formed on the loan disbursement date. After that, the bank will form a new annuity for the next six-month repayment cycle, according to the 6M Euribor valid on the due date of the previous annuity.
Interest is calculated using the proportional method.
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.
For the period from the loan disbursement date until the date on which the loan repayment starts (last day of the month), the Bank calculates intercalary interest rate equal to the contracted regular interest rate. Intercalary interest is charged at the moment the loan repayment starts.
Costs borne by the client are known at the time of publishing and are included in the calculation of the effective interest rate.
*Costs borne by the client, which are included in the calculation of the effective interest rate, and over which the Bank has no influence. Please note that these are approximate (average) amounts over which the Bank has no influence, and which depend on the fees and charges of notaries/courts, the Geodetic Authority, insurance premiums issued by insurance companies, etc.
In order to secure the collection of the loan by the Bank, the Client shall provide the following instruments for securing the collection of the loan:
The obtained loan security instruments can, at the Bank's discretion, be replaced with other security instruments acceptable to the Bank.
The loan is realized by a one-time transfer of the funds of the approved loan to the foreign currency current account of the loan beneficiary, upon certification of the report on the specific loan approval by the National Bank of Serbia.
Immediately after receiving the payment of the loan funds, the transfer is made from the foreign currency current account of the loan beneficiary to the seller's foreign currency account in accordance with the purchase and sales contract.
Early and partial loan repayment is free of charge.
Documentation to be submitted by the client (certified translation into Serbian language):
Documentation from the Republic of Serbia:
If necessary, the Bank may request additional documentation required to determine the client's creditworthiness.
Representative example as of 26 May 2022.
Representative example as of 26 May 2022