A home loan is designed for the building, purchasing or renovation of a property, intended for being used for accommodation.
|Maximum term||25 years|
|Loan amount||When buying new accommodation, the bank finances up to 80% of the accommodation cost. With Kredex guarantee – up to 85%. In case of renovation of accommodation the bank finances up to 50% of investments|
|Repayment||A loan is repaid monthly according to the payment schedule|
Calculation example keyboard_arrow_down
The initial annual percentage rate of a home loan is 4,19% on the following (example) conditions:
✓ the amount of loan of €66 000 is paid out immediately and in full
✓ interest rate of 6 months' Euribor + 4,0% per annum (as at 15.03.2019 the 6-month Euribor rate was (– 0,232%); under the terms of the contract, in case of a negative value, Euribor is considered to be equal to zero; Euribor may change every 6 months)
✓ contract fee of €660 is paid upon conclusion of the agreement
✓ the credit will be repaid as monthly annuity payments over a period of 9 years
The rate does not include costs associated with the establishing or insuring of collateral.
Show payment schedule.
* Please note, that calculations are informative
|Nr||Date||Loan Amount||Interest||Principal Payment||Total Payments||Outstanding Balance|