Housing Loans

Purpose
• To buy or build a residence

Loan Amount
• Depending on the value of the collateral provided by the customer 

Collateral
• Mortgage or other security

Coverage Potential
• Up to 70% of the property’s value according to a valuation carried out by a certified valuer

Repayment Period
• Up to 35 years

Repayment Method
• Standing order from a bank account

No Initial Bank Charges
 
No semi annual compound interest

Insurance
• Life Insurance Policy; starting from 2,40‰ on a yearly basis, calculated on the loan balance
• Fire Insurance Policy; 1,65‰ calculated on the value of the mortgaged property

Beneficiaries
• Individuals

Grace Period
• Up to 2 years during which only the loan interest is paid

Gradual disbursement of the loan
• The interest is calculated on the disbursed amount of the loan