Product description
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
Loan calculator
Loan calculator is for information only where total repayment amount includes only interest cost. All other expenses included in the loan processing are presented within representative example.
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
- 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
- Property insurance policy - assigned 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
Detailed information
Housing loans | |
|---|---|
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 EUR |
Annual penalty interest | Nominal increased for 50% |
Maturity period | Up to 120 months |
Representative example | For a housing loan amounting to EUR 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 EUR 750, a fee for 2 bills of exchange (EUR 4.00), a fee for an inquiry to the Credit Register of the CBCG – RKB (EUR 3.00) , the cost of the life insurance policy EUR 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 (EUR 250), the cost of the fee for obtaining proof of ownership of real estate (EUR 5.00), the cost of registration pledges on real estate (EUR 31.50), cost of property insurance policy (EUR 174.73), cost of real estate appraisal (EUR 80), (Total: EUR 1,519.49). The total amount that the client needs to pay is EUR 64,697.55, while the amount of the monthly annuity is EUR 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. |