Purpose:

For purchase of real estate – flat/house or business premises under purchase pre-agreement submitted.

MAXIMUM AMOUNT:

Depending on the real estate value under purchase pre-agreement/agreement reduced by own participation amount.

OWN PARTICIPATION:

25% own participation / possibility of participation free with a proportion 2/1 against the mortgage value, of which purchased real property is mandatory / own participation is not required for refinancing loans.

REPAYMENT PERIOD:

- up to 360 months;

Application costs

• MKD 700.00

Commission for approved loan -

• 1% to the approved amount

Prepayment fee:

• commission free for prepayment up to 20% of the remaining portion of the loan principal in the current month;
• 3% of prepaid loan principal for amounts over 20% of the remaining portion of the loan principal.

• Creditworthiness 55% annuity/salary
• Possibility of inclusion one or more co-borrowers
• Age limit – maximum 75 years of age on the date of the loan maturity
• Mandatory transfer of salary through the Bank

COLLATERAL INSTRUMENTS

Draft and draft endorsement, attachment of salary/standing order for pensioners, insurance policy of the real estate assigned in favor of the Bank and one of the two options offered:

1/ participation of at least 25% and mortgage on the flat or house or business premises (subject to purchase);

2/ mortgage on the real estate in proportion 2:1 against the loan value, , of which purchased real property is mandatory).

PROMOTIONAL WITHOUT ASSESSMENT COSTS

2.90% fixed interest rate in the first three years (annually) in case of regular repayment, i.e. not later than 30 days of the maturity date of the annuity;

3.90% fixed interest rate in the fourth and fifth year (annually) in case of regular repayment, i.e. not later than 30 days of the maturity date of the annuity;

5.90% fixed interest rate from the sixth to tenth year (annually) in case of regular repayment, i.e. not later than 30 days of the maturity date of the annuity;

6.95% adjustable interest rate after the tenth year, it the borrowers regularly service their loan obligations, i.e. not later than 30 days of the maturity date of the annuity;

7.632% adjustable interest rate, if the loan is not regularly repaid, i.e. the borrower is in delay of one or more annuities.

MANDATORY ADDITIONAL PRODUCTS:

• credit card with overdraft limit of at least 1 salary;
• allowed overdraft on a transaction account of at least 1 salary.