HALKBANK approves housing loans to retail clients with regular salaries or pensions paid to a current account with HALKBANK. Loans are disbursed for the purchase, construction, extension or adaptation of residential premises.
| Amount | Depending on the borrower’s creditworthiness |
| Purpose | Purchase, construction, extension and adaptation of residential premises |
| Loan currency | RSD loan indexed in EUR |
| Indexing criterion | EUR – NBS middle exchange rate |
| Maturity | Up to 30 years |
| Grace period | Up to 12 months* |
| Down payment | - Minimum 20% |
| - No down payment if the loan amount does not exceed 80,00% of the value of real estate which is subject of mortgage | |
| Nominal interest rate | 1,1% + 6m EURIBOR until 31.12.2024. and after that 3.10% to 3.50% + 6m EURIBOR** |
| (variable, p.a.) | |
| Front-end fee | 0,50% |
| NMIC fee | Fixed fee 30 EUR |
| Percentage fee: | |
| - 1,50% with LTV ratio below or equal to 70,00 | |
| - 2,50% with LTV ratio exceeding 70,00 but lower than or equal to 80,00 | |
| - 3,50% with LTV ratio exceeding 80,00 but lower than or equal to 90,00 | |
| Fee is increased by: | |
| - 0,25% if the borrower has no life insurance; | |
| - 0,50% if mortgage is placed on so called "building in construction"; | |
| - 0,15% if subject of mortgage is a building legalized on the basis of the Law on Planning and Construction; | |
| Additionally, fees will be increased depending on the degree of credit indebtedness: | |
| - 0,50% indebtedness equal or exceeding 60% | |
| - 1,00% indebtedness equal or exceeding 70% | |
| - 1,50% indebtedness equal or exceeding 80% | |
| Collateral | - 2 blank promissory notes |
| - first mortgage on real estate in favour of the Bank | |
| - insurance of real estate for each year of loan on construction value against basic risks and additional risks of water spillage, assigning the insurance policy in favour of the Bank | |
| - loan insurance at NKOSK |
* loans for construction/adaptation of residential premises
** Monthly annuity is adjusted twice a year with 6m EURIBOR.
| Terms and Conditions | |
|---|---|
| LTV ratio up to 80% | |
| Borrower’s indebtedness with new annuity below 55% | |
| Facility registered and legalised | |
| No life insurance | |
| Fee converted in dinar equivalent at the NBS middle exchange rate as at 19.04.2023. | |
| Real estate value | 62.500,00 EUR |
| Down payment | 12.500,00 EUR |
| Loan amount | 50.000,00 EUR |
| Monthly annuity | EUR 271.59 until 31.12.2024. and after that EUR 330.83 |
| Maturity | 30 years |
| Nominal interest rate | 5.225% + 6M EURIBOR increased by a fixed margin of 1.1% until 31.12.2024. and after that 7.225% + 6M EURIBOR increased by a fixed margin of 3.10% |
| Collateral | Promissory note, mortgage, insurance |
| Front-end fee (0,50%) | 29.296 RSD (250,00 EUR) |
| NMIC fee | 3.515,00 RSD (30 EUR, fixed fee) |
| 161.127 RSD (2,75%, 1.375,00 EUR) | |
| Other costs of collateral | 246,00 RSD - Credit Bureau for borrower |
| 100,00 RSD - 2 promissory notes | |
| 11.734,00 RSD Estimation of real estate (100 EUR) | |
| 540,00 RSD Cadastral map | |
| 28.000 RSD Notarize of Sales Contract | |
| 15.120,00 RSD Registration of lien statement | |
| 22.640,00 RSD Mortgage registration | |
| 4.694,00 RSD Insurance (40 EUR) | |
| Total amount to be repaid | 118.424,07 EUR |
| Effective Interest Rate | 7,51% |
Calculated on 10.10.2023.
6M Euribor value 4,125
The National Mortgage Insurance Corporation (NMIC) is a specialized institution for insurance of loans disbursed by banks to natural persons for the purchase, adaptation and construction of real estate.
No. The Bank acts as an intermediary between the client and NMIC.
Loan-To-Value ratio is a ratio of the loan amount to the estimated market value of the real estate that is mortgaged.
EURIBOR (Euro Interbank Offered Rate) is a reference rate established by the European Interbank Market. It is a daily average on which prime European banks lend uninsured funds to one another.
