Type of Loan

Dinar housing loan with EUR currency clause for resident citizens of Serbia with income in the Republic of Serbia

Nominal Interest Rate*

6M EURIBOR + fixed margin of 2.00%

Effective Interest Rate*

4.47%

Currency of the Loan Agreement

Method of Indexation

EUR

In dinar equivalent of EUR according to the official middle exchange rate of NBS on the day of loan disbursement

Purchase Price of the Real Estate

100,000.00 EUR

Down Payment

20% of the purchase price – 20,000.00 EUR

Loan Amount

80,000.00 EUR

Repayment Period

240 months

Number of Installments**

240

Monthly Annuity

486.47 EUR

Total Amount Repaid by the Borrower

119,970.61 EUR

Total Cost of the Loan for the Borrower

39,970.61 EUR

Costs borne by the Borrower***

– Credit Bureau Basic Report Fee – 246.00 RSD
– Property appraisal cost – 12,000.00 RSD (every three years)
– Property insurance against basic risks and water leakage from installations – 9,000.00 RSD (annually)
– Bill of exchange costs, 4 pieces – 200.00 RSD
– Notary certification of Mortgage Statement – 18,000.00 RSD
– Fee for mortgage registration – 65,140.00 RSD
– Cost of obtaining property registry excerpt, twice – 1,080.00 RSD
– Fee for mortgage deletion – 4,500.00 RSD

Collateral

– First-rank mortgage in favor of the Bank
– Bills of exchange
– Property insurance policy for the mortgaged property, covering basic risks and additional risk of water leakage from installations, assigned to the Bank

Risks Assumed by the Borrower with a Variable Interest Rate and Currency Clause

The Borrower assumes the risk of changes in the amount of the annuity/installment depending on the movements of the variable element of the interest rate (6M EURIBOR) and the exchange rate of the dinar. In case of dinar appreciation, the monthly installment will decrease, while in case of dinar depreciation, the monthly installment in dinar equivalent will increase.