Most convenient method of calculating interest
Maturity from 6 to 120 months
Mortgage loans are intended for those who would like to invest in their own business, refinance existing loans or simply need more cash. They can also be used to buy or build a new home.
Client has a permanent working relationship, open 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€.
Loan processing fee from 0,50% to 2,00%.
For clients under the age of 65 at the time of maturity of the final installment no life insurance policy is needed.
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,
Property insurance policy - assigned in favor of the Bank.
Duly filled and signed application form for overdraft loan;
Verified and signed confirmation on salary;
Two administrative wage/salary withholding orders stamped by the employer with whom the client works (if the employer verifies them);
Signed consent for application in the Credit department;
Proof of paid fee for application in the Credit department;
Title deed on which the lien is registered, not older than 7 days from the date of delivery of documents.
A copy of passport or ID card with phone numbers and address (original document to be presented);
Bill of exchange, which can be bought at the bank counter, and the bill of exchange authorization;
Other documentation as necessary.
Annual nominal interest rate (NIR)
Fixed: 7,95 % - 9,95 % (depending on debtor's category)
Variable: 6,95 % - 8,95 % + 6M EURIBOR (depending on loan borrower category)
Loan processing fee (it is charged once during loan disbursement)
0,50 % - 2,00 %
Commission for using data from Credit Register/Bureau of CBM
Fee for premature repayment of the loan
1,00 % of the amount of the loan that is prepaid if the period between the prepayment and maturity date is longer than 12 months and only for amounts higher than EUR 10.000,00
0,50 % of the amount of the loan that is prepaid if the period between the prepayment and maturity date is not longer than 12 months and only for amounts higher than EUR 10.000,00
Annual default interest
Nominal increased by 50 %
Up to 120 months
For mortgage loan amounting to 50.000,00 EUR and repayment period of 60 months, nominal interest rate (NIR) shall amount 8,95 %, while effective interest rate (EIR) shall amount 9,83%.
The calculation of the effective interest rate (EIR) includes the nominal interest rate, one-time fee for loan processing of 0.50% of the loan amount (EUR 250.00), fee for 2 bills of exchange (EUR 4.00), fee for inquiry in the Credit Register of MN (EUR 3.50), cost of life insurance policy in amount of EUR 267,87. (Premium amount is paid once and depends on the client's health condition), cost of creation a pledge statement (EUR 250), cost of obtaining the proof of ownership over real estate (EUR 5.00), the cost of inscribing a pledge on real estate (EUR 31.50), the cost of a property insurance policy (EUR 39.40), the cost of real estate evaluation (EUR 80),
(Total amount: 931,27 EUR).
Total amount which client shall pay is 62,616.28 EUR, while monthly annuity amounts to EUR 1.028,30. Total amount which client shall pay represents sum of the principal, total interest and other fees concerning the loan approval.
•The amount of the premium of the life insurance policy is paid once and depends on the health condition of the client. The age is taken in the example where gender is male, 40 years.
•The surface of the residential building taken as the example is 34m2, with construction value of 700 EUR po m2.