Loan Terms:
- Maximum loan amount: 100.000EUR
- Loan maturity: 180 months / for diaspora 120 months
- Client participation 20% – minimum 5.000€
- Administrative fee 1%
- Apartment bought can be left as mortgage
Interest rate for buying an apartment:
For all professionals (doctors, lawyers, notary) and for BKT salary receivers:
- Interest rate starting from 3.49%
- Effective interest rate starting from 3.70%
For rent receivers through the bank:
- Interest rate starting from 5.49%
- Effective interest rate starting from 5.79%
For diaspora:
- Interest rate starting from 6.00%
- Effective interest rate starting from 6.40%
Required documentation
- Copy of valid ID or passport
- Work contract
- Business certificate and status of ATK for costumers with business income
- Administrative fee (if the client receives the salary through BKT)
- Lease contract
- Account balance (minimum for the last 6 months)
- Public invoice
- Sale and purchase contract
EXAMPLES AND EXPLANANTIONS:
| Home loan | 50,000 € | 50,000 € | 50,000 € |
| Variable interest rate* | 3.49% | 5.49% | 6.00% |
| Effective interest rate | 3.70% | 5.79% | 6.40% |
| Loan Maturity | 180 | 180 | 120 |
| Monthly payment | 357.28 € | 408.43€ | 555.28€ |
| Administrative fee | 1% | 1% | 1% |
| Total amount of loan to be repaid by the end of contractual term* | 64.310.76 € | 73,516.56 €
| 66.633.65€
|
*Variable interest rate means the interest rate expressed as a variable percentage applied on an annual basis to the approved loan amount.
*The total cost does not include notary costs, insurance, property valuation and utility costs.
