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Housing loan with combined interest rate

Special offer- loan with 0% application fee until June 30, 2024

Calculate the monthly installment for the loan amount requested and the desired repayment period.

0 EUR Loan
0 Fee for loan processing
0 Loan processing fee amount
* the calculator is indicative only.

Izračunajte mesečnu ratu za traženi iznos kredita i željeni period otplate.

Amount of real estate
Unesi period otplate
0 EUR Loan
0% NIR
* the calculator is indicative only.

Calculate your instalment on the assumption of the variable part of the interest rate change and/or exchange rate change

Access the calculator of the National Bank of Serbia here

Do you have any additional questions?

If you have any questions or concerns, our experienced bankers are at your disposal.

Get a new home while choosing between fixed or variable interest rates

OTP combined housing loans – when you know that „And“ is better than „Or“

Choosing a new home and housing loan is a major decision in the life of any family that is worth careful consideration for the decades ahead. Buying a home is also always a good investment.

Thanks to our housing loans offer, all that is left for you to do is to choose you future dwelling and pick the interest rate that suits you best.

OTP combined housing loans are a unique type of housing loans on our market that enable you to switch from variable to fixed interest rate or vice-versa throughout your repayment period.

At the very beginning, you may choose which interest – fixed or variable – to begin your loan repayment with. Every three years, the bank gives you the possibility either to keep the selected interest type, or to switch to the other one, free of charge.


Basic conditions and features of housing loan with combined interest rate

The bank reserves the right to make a decision on the loan approval, as well as to request additional documents and guarantees.

  • Minimum share of 10% if the mortgage is placed on some other registered objects.

  • Wondering why it’s important to insure your life while repaying a home loan? A housing loan is a life project. It lasts on average 15-20 years. In case of unforeseen life circumstances, it may happen that the heirs cannot pay the installments on the loan for the mortgaged apartment. In order for the family to be secured, it is important that you insure yourself. The insurance company will repay the rest of the debt on the loan and the bank will delete the mortgage from the apartment. It’s all up to you.


Representative example

Representative example of a combined housing loan with initial fixed interest rate over the first 3 years, switched to variable interest rate
Property value37.500 EUR
Client down payment7.500 EUR
Bank loan amount30.000 EUR
Repayment period30 years
NIR annually over the first 3 years5,03%
Monthly instalment over the first 3 years162 EUR
NIR annually after the first 3 years3,65% + three-month EURIBOR
Monthly instalment after the first 3 years207 EUR
Fee for loan processing (0% of the loan amount)0 EUR
Costs associated with loan approval, known at the time of publishing
Bill of exchange100 RSD
Credit Bureau basic report246 RSD
Certification of pledge statement10.080 RSD
Property insurance - annually40 EUR in RSD equivalent
Issuing of real estate folio in the land register10 EUR in RSD equivalent
Real estate valuation100 EUR in RSD equivalent
Mortgage registration20.000 RSD
EIR annually7.54 %
Total amount of loan (principal, interest and costs)75.424 EUR
EIR calculated on29.03.2024.

EUR-indexed loans are contracted in RSD equivalent at the NBS middle exchange rate. The interest rate is variable and consists of a reference rate - three-month EURIBOR as a variable rate, and Bank’ margin as a fixed rate, in accordance with Bank’s Tariffs. Variable interest rate is adjusted with 3M EURIBOR value on quarterly level. The 3 months EURIBOR value on the day of calculations for the sake of this representative example, i.e. on 29.03.2024. of 3.9020. Nominal interest rate from the representative example is valid for Privilege clients who receive salary/pension on current account in OTP bank. This offer is for guidance purposes only. For a personalized offer we are at your disposal at our Bank's branches.

Do you have any additional questions?

If you have any questions or concerns, our experienced bankers are at your disposal.

Additional information on applying for a housing loan with combined interest rate

Loan applicant:

  • Permanent employment of indefinite duration minimum 6 months with the current employer.
  • Transfer of personal income to the current account held with our Bank

Loan collateral instruments:

  • Enclosed real estate insurance policy
  • Enclosed life insurance policy optionally at the client’s request
  • Bill of exchange and bill of exchange authorization
  • First-class mortgage on real estate
  • Administrative ban

You can take life and property insurance in each of our Banks branch and thus complete the entire process easily and in one place.  Regular payment of insurance premium is provided through standing order which is free of charge and exempt from payments fee.

List of required documents


Frequently asked questions

What are the conditions that I have to meet in order to take a housing loan at your Bank?

In order to take a housing loan, it is necessary that you have been employed full-time with the same employer for 6 months, that you open a current account with our Bank and transfer your salary.

Is down payment mandatory and what is the minimum down payment with a housing loan?

The housing loan requires a mandatory 20% minimum down payment.

Can I provide a higher down payment than required?

Yes, it is possible to conclude a contract based on which you will provide down payment that is larger than the minimum.

Will the down payment be returned to me once I fully repay the loan?

The down payment is not a deposit and cannot be returned once the loan is fully repaid because it is a portion of money by which you are paying the real estate bought with the housing loan.

To what extent may my salary be encumbered so that I could take a housing loan?

A housing loan may encumber a salary to a maximum of 50%, meaning that the instalment amount may not exceed one half of your salary.

What documentation do I need for a housing loan?

The Housing Loan Application is submitted based on the Sales/purchase Agreement which is concluded by and between the Real Estate Seller and Buyer. However, besides this there are also other certificates one is required to obtain so that the housing loan would be approved. Since this is an important life investment, documentation for this loan type is different and in more detail than for other loans. Your banking advisor will provide you with the entire list of required documentation.

What types of housing loans do you offer?

In our offer we have housing loans with variable interest rate and combined housing loans, as well as RSD housing loans that are not pegged to the EUR exchange rate.

The difference between the loan with variable interest and combined loans is that when it comes to combined housing loans, you have the possibility to choose whether you will repay the loan with fixed or with a variable interest rate and to periodically change the interest type.

Is the housing loan pegged to the EUR exchange rate?

Should you opt for a RSD housing loan, then your instalment will not be adjusted with the EUR exchange rate. Other housing loan types are adjusted with the EUR rate.

Can I join my salary with another person in order to take a housing loan?

Yes, it is possible to join income with a joint debtor who must also be credit worthy and open a current account with our Bank. The salary of the joint debtor may be encumbered to a maximum of 50% with this loan. The joint debtor may be your spouse or common-law partner or a family member.

Is insurance with a housing loan mandatory?

A property insurance policy provided in favour of the Bank, as well as life insurance of the loan beneficiary is mandatory with a housing loan.

Is mortgage mandatory for a housing loan?

A mortgage is used as collateral of a housing loan, which can be registered over the real estate that is the subject of housing loan, or it can be registered over another corresponding real estate.

Can I take a housing loan if I am already repaying a cash loan?

It is possible that you take a housing loan along with the cash loan, which depends on the amount of your income and credit worthiness.

Can a pensioner take a housing loan?

A regular beneficiary of Retirement and Disability Insurance services may be a housing loan beneficiary. The conditions he/she should meet is that at the moment of repaying the last loan instalment, the housing loan beneficiary is not older than 70 years of age.

What is the age limit for housing loan repayment?

At the moment of applying for the loan, a client may not be younger than 21 years of age.

Also, at the moment of repaying the last loan instalment, a client may not be older than 70 years of age.

What are the total costs for a housing loan?

Applying for the loan implies submission of several different certificates that are collected, as for example the pledge statement, property insurance policy provided in favour of the bank or Credit Bureau Report. You may advise your Credit Advisor regarding the entire documentation and costs for obtaining thereof.

What is the waiting period for housing loan approval?

A housing loan has a procedure that requires detailed checks of the entire submitted documentation. From the moment you apply for a housing loan, you will be in touch with your Credit Advisor who will timely inform you of the realisation procedure and outcome of your application.

Can I take a housing loan at your Bank if I receive my salary in another bank?

In order to exercise the condition to apply for a housing loan, it is necessary that you transfer your salary to the current account opened with our Bank.

What is a mortgage?

A mortgage means a loan collateral. In the event a client is not able to repay his/her credit liabilities, the Bank as the mortgagee has the possibility to activate the mortgage and collect its receivables through selling the real estate. The mortgage can be registered over the real estate that is the subject of the Sale/purchase Agreement or over another corresponding real estate

Can I purchase an office space with a housing loan?

A housing loan is not intended for purchasing an office space.

Can an office space be the mortgage subject for a housing loan?

An office space is not accepted as the mortgage subject for a housing loan.

Is early repayment of housing loan possible?

You can either partially or fully effect early repayment of the loan at any time.

Please submit the application via our online contact form, and we will contact you

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