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Renovation and adaptation loans

Arrange your home at your own taste, without much effort. Enjoy in the renovation of your new home. Special offer with lower interest until June 30, 2024 and 0% loan disbursement fee.

Features of a renovation loan

Loan structure comprises 70% of the loan amount covered by a pro-forma invoice and 30% of cash disbursement. Cash disbursement provides you with a possibility of paying for construction works and other services in case these are not covered by a pro-forma invoice.

It is required that the requested loan amount is covered by bill of quantities verified by an authorized person.

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

  • Wondering why it is important to insure your life during the repayment of housing loan? Housing loan is a life project. It lasts 15-20 years on average. In the event of unforeseen life circumstances it might happen that heirs cannot repay loan instalments for mortgaged apartment. In order to secure your family, it is important to get insurance. The insurance company will reimburse the outstanding loan amount and the bank will clear the mortgage. It all depends on you.


Representative example

Representative example of a renovation loan
Mortgage value60.000 EUR
Loan amount30.000 EUR
Repayment period15 years
NIR annually until 31.12.20241,10% + three-month EURIBOR
Monthly instalment until 31.12.2024237 EUR
NIR annually after 31.12.20243,25% + three-month EURIBOR
Monthly instalment after 31.12.2024271 EUR
Fee for loan processing (0% of the loan amount)0 EUR
Expenses related to loan approval, known at the moment 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 RSD in RSD equivalent
Mortgage registration20.000 RSD
EIR annual7.69%
Total loan amount ( (principal, interest and costs)49.794 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.

Calculate your instalment on the assumption of the variable part of the interest 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.

Additional information on applying for a renovation and refurbishment loan

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

Joint debtors:

  • one joint debtor allowed
  • joint debtor must be a close family member
  • debtor and joint debtor must reside in the apartment which is a subject of renovation

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

Additional benefits

You can take life and property insurance in each 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 od required documents


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

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