While being aware of just how important is to buy your own home, UniCredit Bank offers special terms and conditions for all clients wanting to take a mortgage loan from the bank as a part of the its celebration of 15 years of operations in Serbia.
Special terms and conditions will be valid by the end of October 2016 by which time clients can apply for mortgage loans indexed in Euros on condition that the loans are used by the end of January 2017.
During the said period, the interest rate will be significantly reduced for the period of 15 months. During this promotional period, the nominal interest rate will be fixed and will stand at 2.30% per annum. Following the 15-month-period, the nominal interest rate will be a sum of the six-month-EURIBOR plus 3% margin, which currently stands at 2.82%, while the effective interest rate will be 3.06% per annum.
For instance, if a client were to take a 50,000 Euro mortgage loan with the 30-year-payment period, the monthly installment would amount to approximately 194 Euros during the promotional period, and after the 15-month-promotional-period ends, the client would have saved one monthly installment in the amount of around 195 Euros.
The lowest mortgage loan granted by UniCredit Bank is 10,000 Euro, in the Dinar counter value, while the highest loan cannot exceed 80% of the sales price of the real estate, i.e. of the estimated value of the property that is the subject of the mortgage. The payment periods range from 5 to 30 years.
Director of the Retail Sector at UniCredit Bank, Nikola Vuletić says: “Considering that 2016 is the year when we celebrate the 15th anniversary of our successful operations in Serbia, we have secured special terms and conditions for our mortgage loans. We hope that the extremely competitive interest rate, both during and after the promotional period, will help our clients to successfully resolve their housing issues.”
UniCredit Bank Serbia a.d. is a member of UniCredit, one of the leading financial groups in Europe and the biggest international banking network in Central and Eastern Europe (CIE) which operates in 16 countries, has over 141,000 employees, and close to 7,800 branch offices while servicing millions of clients. In the CIE region, UniCredit manages the biggest international banking network with more than 2,500 branch offices. Apart from Italy, Austria and Germany, the bank also operates in Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, and Ukraine.