Most favorable housing loans
The first free digital platform for housing loans in Serbia
Conditions for housing loans
Employment
You need to be in permanent employment
Income
Income that is 2–3 times higher than the monthly installment
Down Payment
Collected funds for a down payment of 10 to 30%
Credit History
A clean credit history with no delays in the last two years
Work Experience
A minimum of one year of work experience
Non-standard housing loans
There are several types of non-standard loans in Serbia. Send us an inquiry for more information.
| Loans | Number of banks offering these loans |
|---|---|
| Housing loans for lawyers and other lump sum taxpayers | 3 |
| Housing loans for the diaspora and non-residents | 3 |
| Construction housing loans | 2 |
Documentation for housing loans
Client documentation
- Application for the loan product, obtained from the Bank or can be found on the bank's website
- AZ form – Administrative attachment, usually in two copies (obtained from the Bank or can be found on the bank's website). It is certified in the employer's financial department
- Employer's certificate of employment, income level, obtained from the employer's payroll department
- Calculations, payslips for the last 3 or 6 months (depending on the bank), (obtained from the financial department; from the employer)
- ID card, passport (client's identification document)
- Application for loan insurance at NKOSK (obtained from the Bank or can be found on the website)
Documentation related to the property
- Preliminary/sales contract for the real estate between the seller and the buyer
- Cadastral excerpt for the specific property (ownership certificate) obtainable through the Real Estate Cadastre Service (usually not older than 15 days)
- Appraiser's report for the property by an authorized appraiser (from the expert list approved by the bank where the loan is being requested), for the assessment of the market value of the property
- Seller's identification document (ID card, passport) and personal documents of the spouse if the property is marital property
- Pledge statement
- Mortgage registration certificate
Maximum loan amount and monthly installment relative to income level
| Monthly income | Regenerate | Maximum housing loan amount |
|---|---|---|
| €500 | €250 | €41.958 |
| €600 | €300 | €49.950 |
| €700 | €350 | €57.945 |
| €800 | €400 | €67.932 |
| €900 | €450 | €75.924 |
| €1.000 | €500 | €83.916 |
| €2.000 | €1000 | €168.000 |
| €3.000 | €1500 | €251.000 |
Down payment for a housing loan
According to the decision of the National Bank of Serbia from 2020, the minimum down payment for housing loans in Serbia is 10%. However, most banks still require a down payment of 20%
In addition, with many banks, there is a possibility for the down payment to be 0-10% if the collateral for the loan is a property whose value is 130% of the loan
| Loan Type | Minimum down payment in the market |
|---|---|
| Housing loans in major cities (e.g., Belgrade, Novi Sad, Kragujevac, Niš) | 10-20% |
| Housing loans outside Belgrade | 30% |
| Other standard housing loans | 20% |
| Non-standard housing loans | 30-50% |
How long does the approval of a housing loan take
If you are buying a property in a new building, you may need to wait until the building is 80% complete according to the credit policies of the banks, which can further extend the process. Below are illustrative examples of the duration of the approval process for housing loans.
| Step | Existing Building |
|---|---|
| Collecting offers through the Kredium application | 1 day |
| Collecting documentation required for approval | 7 days |
| Approval of the loan by the bank | 7-10 days |
| Collecting documentation required for disbursement | 5-10 days |
| Loan disbursement by the bank | 5 days |
| Total | 25-35 days |
| Step | New Building |
|---|---|
| Collecting offers through the Kredium application | 1 day |
| Collecting documentation required for approval | 15 days |
| Approval of the loan by the bank | 7-10 days |
| Collecting documentation required for disbursement | 15-20 days |
| Loan disbursement by the bank | 5 days |
| Total | 45-60 days |
Housing loan approval costs
| Costs | Amount for a loan of €100,000 |
|---|---|
| Loan processing fee, varies by bank | 0-1% |
| Property insurance costs annually | €50 (annually) |
| Property ownership registration | €47 |
| Mortgage registration | €466 |
| Property list | €8 |
| Cadastral fees total | €521 |
| Sale contract notarization | €256 |
| Mortgage statement notarization | €171 |
| Certificate of payment of the purchase price with an intabulandi clause | €49 |
| Cadastral fees total | €476 |
| Property Appraisal | €150 |
| Credit Bureau Report in Serbia | €2 |
| Promissory Notes | €1 |
| Cadastral Fees Total | €153 |
| Total | €1,200 |
NKOSK Insurance and Other Insurances
| Type of Insurance | Subject of Insurance | Is Insurance Mandatory? |
|---|---|---|
| Property Insurance | Real Estate | Mandatory |
| NKOSK (state insurance) | Housing Loans | Varies by bank |
| Life Insurance | Life / Housing Loans | Varies by bank |
| Private Insurance | Housing Loans | Optional |
Costs of NKOSK Insurance
The costs of the insurance premium with NKOSK range from 1.5% to 3.5%. The calculation and amount of the NKOSK insurance premium depend solely on:
- Loan-to-Value (LTV) ratio (you can read more about the LTV ratio calculation here)
- Property registration
- Life insurance policies
- Maximum loan indebtedness
Total interest amount for a €100,000 loan
The total interest amount you will pay during the loan repayment period depends, among other factors, on:
The interest rate
The loan term
| Interest rate | Loan term | |||
|---|---|---|---|---|
| 15 years | 20 years | 25 years | 30 years | |
| 5.76% | €49.570 | €68.637 | €88.913 | €110.315 |
| 6.26% | €54.434 | €75.563 | €98.086 | €121.892 |
| 7.19% | €63.707 | €88.819 | €115.684 | €144.120 |
| 7.24% | €64.214 | €89.545 | €116.649 | €145.339 |
| 7.28% | €64.620 | €90.127 | €117.422 | €146.316 |
| 7.42% | €66.045 | €92.170 | €120.139 | €149.748 |
| 7.48% | €66.658 | €93.049 | €121.307 | €151.224 |
| 7.51% | €66.964 | €93.489 | €121.892 | €151.964 |
| 8.48% | €77.042 | €107.974 | €141.164 | €176.299 |
Early repayment of a home loan
- Most banks charge a fee for early loan repayment of 1% for early repayment amounts exceeding €10,000
- In situations where there is a high probability that clients will be able to repay the loan early in the near future (due to receiving bonuses, dividends, etc.), banks typically charge a commission for early repayment
- However, in individual cases, they may reduce or waive it
| Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
|---|---|---|---|---|---|---|
| Loan Amount | €100.000 | €80.000 | €60.000 | €40.000 | €20.000 | €0 |
| Early Repayment | €0 | €20.000 | €20.000 | €20.000 | €20.000 | €20.000 |
| Amount of Early Repayment Subject to 1% Fee | €0 | €10.000 | €10.000 | €10.000 | €10.000 | €10.000 |
| Amount of Early Repayment Fee | €0 | €100 | €100 | €100 | €100 | €100 |
Frequently Asked Questions
Which bank offers the most favorable home loan?
What are the requirements for applying for a home loan?
Can I get a home loan without a down payment?
Can I get a home loan with a 10% down payment?
- The property you're purchasing must be your first property.
- The property must be located in the broader city center.
- Your monthly income must be greater than 60,000 RSD.
Feel free to reach out to our experienced loan advisors, and we'll assist you completely free of charge with the home loan application process and finding the most favorable offer.
What is the maximum income burden for a home loan?
Simply register on our website, and we will find the most favorable personalized home loan offer for you.
What is the age limit for home loans?
Can I buy property abroad with a loan?
Is Kredium a bank?
Are Kredium services free?
Contact us
TC Galerija, Bulevar Vudroa Vilsona 14, 11000 Beograd