Completely adjusted to you, private owners with the creation of the repayment model in seasonal months when the income from renting accommodation facilities (annual loan principle is payable in three Summer Season Installments at the end of each month).
Purpose of the loan:
- Purchase, construction, renovation, furnishing apartments, rooms or holiday houses
- The construction of the swimming pools
- Refinancing the existing loan obligations
- Refunding of own invested funds
Characteristics:
- Combined interest rate
- Up to 300.000,00 EUR
- Repayment period up to 15 years
- Fee of 0,00%
Representative example of the calculation and the assumptions for the calculation of the EIR:
| Loan currency |
EUR |
| Loan amount |
100.000,00 EUR |
| Interest rate* |
5,20% fixed first 3 year, after that a variable** consisting of fixed part of 0,02% and variable part that is linked to 6M EURIBOR which currently amounts to 3,707% |
| Loan term |
10 |
| Fee |
no fee |
| Cost of real estate appraisal |
220,00 EUR |
| The cost of the real estate insurance premium (annually) |
50,00 EUR |
| Maintenance fee for account |
1,59 EUR monthly |
| Fee for payment transactions |
13,27 EUR one-time |
| Annuity amount |
1.070,46 EUR |
| EIR*** |
5,48% |
| Total amount |
128.454,84 EUR |
*For the calculation example, the nominal interest rate valid for clients who achieve or will achieve Client Status within 60 days of the loan disbursement, and for repayment in equal monthly annuities, was used.
** The variable interest rate is defined as the sum of the fixed part in the amount of 0,02% and 6M EURIBOR for EUR
***EIR is calculated on the stated amount of the loan, with the stated repayment period, with the monthly cost of keeping accounts in the amount of EUR 1.59, the cost of real estate assessment in the amount of EUR 220.00, the annual premium for real estate insurance in the amount of EUR 50.00, withoutloan processing fees, intercalary interest for the whole month and payment transaction costs in the amount of EUR 13.27.
****The total amount to be repaid includes the principal amount of the loan, and the interest calculated until the end of the loan repayment increased by the amount of the intercalary interest for the whole month, assuming that the specified variable interest rate is valid until the end of the loan repayment, along with the monthly cost of keeping the account in the amountEUR 1.59, real estate appraisal cost in the amount of EUR 220.00, annual real estate insurance premium in the amount of EUR 50.00, excluding credit processing fee and payment transaction costs in the amount of EUR 13.27.
Intercalary interest is equal to regular interest, it is calculated on the used part of the loan until the loan is put into repayment, and it is charged immediately when the loan is disbursed.
Before credit will paid out the user will be given European standardized information form (ESIS form) with the exact total amount to be paid and the calculation of EIR.