If you need a higher amount of cash, for a longer repayment period (up to as much as 20 years*), and you own a high-quality property that is suitable for establishing a pledge, we can offer you a mortgage loan.
A mortgage loan is a long-term loan granted by the Bank to natural persons, and it is specific in that mortgage on immovable property is used as a security instrument.
For loans secured by immovable property collateral (real estate), it must be adequately valued by an appraiser authorized to conduct appraisals in accordance with the positive regulations of Republic of Croatia. The final market value appraisal report must contain at least the elements specified in the document Important elements of the real estate appraisal (listed in the documentation attached to this product).
*The repayment period depends on the client's business relationship with the Bank and the assessment of its credit risk.
Benefits
- higher loan amounts compared to a cash loan
- loan repayment with a fixed interest rate
- the possibility of financing personal projects for which specific purpose loans are not granted
- the possibility of full early repayment of the loan without paying the fee
Conditions
Any natural person who meets the requirements of creditworthiness of the Bank can be a borrower.
Loan amount: from EUR 24,000 to EUR 150,000*
Repayment period: from 5 to 20 years*
*The repayment period depends on the client's business relationship with the Bank and the assessment of its credit risk.
Prices
Interest rate: 4.50%, annualy, fixed
Typical example: For a loan in EUR, a fixed interest rate of 4.50 %, a repayment period of 10 years (120 monthly instalments), repayment in annuities with the cost of appraisal of the property included, property fire insurance, the loan user’s personal accident insurance and current account operating fee, the effective interest rate for a housing loan in the amount of EUR 60,000 is 4.97 %. A monthly annuity is EUR 621.84. The total amount to be repaid by the client is EUR 75,976.40.
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