Home loan calculator
With our mortgage calculator you get
- An overview of the entire loan amount
- The monthly instalment amount
- An estimate of your expenses when purchasing a property
- Recurring annual expenses
- Additional expenses
- An estimate of the loan interest you pay back
How to Use The Mortgage Calculator
This link will take you to an impact calculator with projected variations of the nominal interest rate and/or the Serbian dinar exchange rate
NBS CalculatorFrequently asked questions
How to use the mortgage calculator?
Enter the property value, down payment amount, interest rate, and repayment period into the calculator. It will calculate the monthly installment and total loan costs.
What is required to obtain a mortgage?
To obtain a mortgage, you usually need to provide documentation such as proof of income, an employment contract, and documentation of the property you wish to purchase.
How does the interest rate affect my loan?
The interest rate directly affects the monthly installments and the total loan costs. A higher interest rate means higher monthly installments and a greater total amount to be paid over the loan's duration.
Can I refinance my mortgage?
Yes, you can refinance your mortgage if you find better terms at another bank. Refinancing can reduce your monthly installments or the total costs of the loan.
What is the required down payment for a mortgage?
The down payment amount varies depending on the bank's policy and the property's value. It typically ranges between 10% and 20% of the property's value.
What is the loan repayment period?
The loan repayment period is the time over which you will repay your loan. It can vary, but it typically lasts from 15 to 30 years.
Difference between nominal interest rate (NIR) and effective interest rate (EIR)
The nominal interest rate (NIR) represents only the interest applied to the loan amount without including additional costs and fees. It is often expressed annually and used as a starting point for calculating monthly interest. The effective interest rate (EIR), on the other hand, represents the actual loan cost as it includes all additional costs and fees charged along with the base interest. EIR takes into account: Nominal interest rate Loan processing fees Insurance (if mandatory) All other fees and costs associated with the loan