Housing loan
About housing loan
Adriatic Bank housing loan is intended for the purchase of a new flat or a flat under construction, for reconstruction or adaptation of property (house or flat) with a maturity of 1 to 10 years. Another advantage of Adriatic Bank housing loan is approval without life insurance policy of any loan participants if the last annuity is due before the age of 65.
Most convenient method of calculating interest
Maturity from 6 to 120 months
Even for flats under constructions without additional collateral
Conditions for Loan Approval
Loan user should have permanent Labour Contract, opened and active account in Adriatic Bank
Client must be a person older than 18 years, and the repayment of the last annuity should be completed before the age of 67
Loan amount: Minimum 15,000.00€
Depending on the amount and maturity of the loan, the loan processing fee ranges from €225 to €947
Property insurance policy - assigned in favor of the Bank/p>
For clients under the age of 65, life insurance policy is not needed in the moment of final installment maturity
For clients whose loan is due after the age of 65, the life insurance policy is mandatory in the amount of ½ of the approved loan.
First rank mortgage registered on the property in favor of the Bank
Necessary documentation
Duly fulfilled and signed Loan application form
Verified and signed income confirmation
Two administrative ban orders verified by the client's employer (if verified and executed by the employer)
Signed consent for inquiry into Credit register
Real estate purchase agreement with a clearly indicated seller's account, verified in the Court/or by Notary office if the real estate loan is approved.
Evidence of paid fee for application in the Credit register
Bill of exchange that may be bought at the Bank's teller and bill of exchange authorization
A copy of passport or ID card with phone numbers and address (original document to be presented)
Title deed on which the lien is registered, not older than 7 days from the day of documents delivery.
Pro forma invoice for construction material or works if housing loan is approved for renovation
Credit calculator
Loan amount
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Detailed data
| Housing loan Loan | |
|---|---|
| Annual nominal interest rate (NIR) | 4.95 % – 6.95 % (depending on Borrower’s category) |
| Annual effective interest rate (EKS) | 5.41% |
| Loan processing fee (charged one-off upon loan disbursement) | Depending on the amount and maturity of the loan, the loan processing fee ranges from €225 to €947 |
| Fee for data use from the CBCG credit register | 3.00 € |
| Annual penalty interest | Nominal increased for 50% |
| Maturity period | Up to 120 months |
| Representative example | For a housing loan amounting to € 50,000.00 and with a repayment term of 120 months, the nominal interest rate (NIR) is 4.95%, while the effective interest rate (EIR) is 5.65%. The calculation of the effective interest rate (EIR) includes the nominal interest rate, a one-time loan processing fee of € 750, a fee for 2 bills of exchange (€ 4.00), a fee for an inquiry to the Credit Register of the CBCG – RKB (€ 3.00), the cost of the life insurance policy € 221.26 (The amount of the premium is paid once and depends on the client’s state of health), the cost of making a pledge statement (€ 250), the cost of the fee for obtaining proof of ownership of real estate (€ 5.00), the cost of registration pledges on real estate (€ 31.50), cost of property insurance policy (€ 174.73), cost of real estate appraisal (€ 80), (Total: € 1,519.49). The total amount that the client needs to pay is € 64,697.55, while the amount of the monthly annuity is € 526.45. The total amount paid by the client represents the sum of principal, total interest and other fees in connection with the loan approval. The amount of the life insurance policy premium is paid once and depends on the health condition of the client. The entrance age taken in the example is 35 years, gender male. The area of the residential building taken in the example is 34 m², construction value € 700 per m². |