Residential Complex Paunov breg
Owing to cooperation between OTP bank and CPI Group, your new address may be located in a modern block Paunov breg, in quiet area of Banjica.
Calculate your instalment on the assumption of the variable part of the interest rate change and/or exchange rate change
Do you have any additional questions?
Types of housing loans
Within its offer OTP bank provides you with possibility to choose between two interest rate models:
- Loans with combined interest rate
- Loans with variable interest rate
Basic conditions and features of housing loan
Offer valid till 31.12.2020.
- Minimum loan amount: 10.000 EUR
1
- Client’s down payment: from 10% to 20% of the requested loan amount2
- Repayment period up to 30 years
- Optional grace period: 6 months
- Fixed interest rate of 2,55% during the first three years of loan repayment, and after three years variable interest rate of 2,95% + six-month EURIBOR3
- Loan insured by NMIC
- Variable interest rate: 2,95% + six-month EURIBOR4
- Life insurance for a loan beneficiary5
- Fee for loan processing : 0% of the loan amount
The bank reserves the right to make a decision on the loan approval, as well as to request additional documents and guarantees.
Housing loans are indexed in EUR. Amounts expressed in EUR are calculated in RSD equivalent at the NBS middle exchange rate on the day of placement of funds. The Bank adjusts the outstanding loan amounts indexed in EUR with variations in NBS middle exchange rate for EUR each last day of the month, by applying the exchange rate valid on the respective date against the exchange rate that was in effect on the last day of the previous month, except for the first month when adjustment is made according to the exchange rate that was in effect on the day of loan disbursement.
Down payment is not required if another registered property is mortgaged, the value of which exceeds the value of the loan amount by 30%.
For loan with combined interest rate
For loan with variable interest rate
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 examples
Paunov breg - housing loan
| Property value | 75.000 EUR |
| Client down payment | 15.000 EUR |
| Bank loan amount | 60.000 EUR |
| Repayment period | 25 years |
| NIR annually over the first 3 years | 0.0255 |
| Monthly instalment over the first 3 years | 272 EUR |
| NIR annually after the first 3 years | 2,85% + six-month EURIBOR |
| Monthly instalment after the first 3 years | 270 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 exchange | 50 RSD |
| Credit Bureau basic report | 246 RSD |
| Certification of pledge statement | 10.080 RSD |
| Property insurance - annually | 40 EUR in RSD equivalent |
| Life insurance - annually | 100 EUR in RSD equivalent |
| Issuing of real estate folio in the land register | 10 EUR in RSD equivalent |
| Real estate valuation | 100 EUR in RSD equivalent |
| NMIC cost (insurance premium and application processing) | 480 EUR in RSD equivalent |
| Mortgage registration | 20.000 RSD |
| EIR annually | 3,26% |
| Total amount of loan (principal, interest and costs) | 85.337 EUR |
| EIR calculated on | 02.10.2019. |
The calculation of the effective interest rate contains the amount of life insurance and property insurance policies for the entire period of loan repayment. EUR-indexed loans are contracted in RSD equivalent at the NBS middle exchange rate on the day of submitting the application. The Bank adjusts the outstanding loan amounts indexed in EUR with variations in NBS middle exchange rate for EUR each last day of the month, by applying the exchange rate valid on the respective date against the exchange rate that was in effect on the last day of the previous month, except for the first month when adjustment is made according to the exchange rate that was in effect on the day of loan disbursement. The interest rate is variable and consists of a reference rate - six-month EURIBOR as a variable rate, and Bank’ margin as a fixed rate, in accordance with Bank’s Tariffs. Variable interest rate is adjusted on the first business day of each month in accordance with changes in the reference EURIBOR rate which, on the day of calculations for the sake of this representative example, i.e. on 02.10.2019. stood at -0,337. This offer is for guidance purposes only. For a personalized offer we are at your disposal at our branches.
Additional information on applying for a housing loan
Loan applicant:
- Permanent employment of indefinite duration, minimum 6 months with loan beneficiary’s current employer at the time of applying for a loan
- Transfer of personal income to the current account held with OTP Bank
Loan collateral instruments:
- Endorsed life insurance and immovable property policies
- Bill of exchange and promissory note authorization
- Second-class mortgage over property
You can take life and property insurance in each OTP 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
7 steps to purchasing an apartment
Purchasing of an apartment is considered one of our most important life decisions. In order to make this “sweet torment” as easy as possible and gathering of documents smooth, take 7 steps to circumvent the process of applying for a housing loan and purchasing of future property.
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