Example of a Home Loan Indexed in EUR with a Variable Interest Rate:
- Loan Amount
- Payment Period (months)
- Total Payment after 360 Months
- Monthly Payment
- Nominal Interest Rate (variable)
- Effective Interest Rate
- Home Loan in EUR
- 2,78%* (3,05% + 6M Euribor)
The stated loan amount of EUR 170.557 does not include the mandatory 20% participation, which together with the loan amount comprises the full price of the apartment which is EUR 211.888.
The value of 6M Euribor which the Bank applies as of 2 July 2018 amounts -0.270%. The interest rate of 3.05% + 6M Euribor is valid for the clients with income of EUR 1,500 and more. EIR as of 2 July 2018 is calculated.
*Representative example for housing loans indexed in EUR: loan amount EUR 170.557,00, loan repayment tenor 360 months (30 years), NIR 2.78% (variable); EIR 2.90%; amount of monthly annuity; EUR 699,00 according to the middle NBS exchange rate on the day of payment. Total loan repayment after 360 months (30 years) is EUR 251.640,00.
Costs borne by the beneficiary: cost of bill of exchange RSD 50; cost of obtaining Credit Bureau Report RSD 246; cost of issuing Land Register RSD 10 EUR/1.180,10, cost of annual property insurance premium RSD 6.340,001 cost of assessment of real-estate value EUR 100 EUR/11.801, 00, cost of public notary (certification of pledge statement) RSD 25.200,00 mortgage registration fee RSD 52.439,00.
Representative example is valid only for the particular case, when the loan is approved for the particular amount and tenor, approved as of 02 July 2018, when calculation of all data from the representative example is made.
1Note: The amount of insurance premium of real-estate assigned to the bank can be calculated only based on the building value of the building, according to the assessment of the authorized appraiser of the bank. Since that there is no data on the building value of the building, we cannot provide exact data on the amount of premium. For the purpose of informative calculation, we have used the building value of EUR 650/m 2 . Each deviation from the used building value shall influence the change of the amount of premium.