Green Euribor mortgage loan for individuals

3-35 years

Note:

The age of the borrower at loan maturity cannot exceed 75 years.

• On top of Interest rates Levy of Law 128/1975 is charged, currently set at 0.12% for residential properties.
• The fixed interest rate and the floating rate spreads are calculated during the loan application assessment according to the bank's current Credit Policy framework, taking into account factors such as credit history, type of collaterals, loan amount and loan tenor.
  The 0.15% discount on the interest rate is offered, provided that the property falls under one of the following energy efficiency categories: A+, A, B +
• If the loan has been granted for the purpose of construction/repair and according to the certification of the bank's engineer after completion of the work, the house belongs to an energy efficiency category other than A+, A, B+, from that moment on, the discount is terminated and the interest rate/spread of the loan is charged with an extra of 0.15%.
• For loans with floating interest rate, the installment amount may vary, according to the fluctuation of the interest rate of the loan.
• In the case of not insuring for the risks of Life/Permanent Total Disability, there may be an increase in the aforementioned spread.

For a loan amount of €100,000, with property pre-notation, tenor 35 years thus 420 monthly installments, floating interest rate of Euribor 1M (3,13% on 31/10/2024), plus margin of 2.80% (plus l. 128/75, 0.12% levy), application fee: €0, legal check cost: €50, technical check cost: €150, the following apply:

• Monthly installment: €573.55
• Total credit amount: €100,000
• Total credit cost: €141,235.83
• Total amount to be paid: €241,235.83
• APR: 6.24%

• The APR, monthly installment, and total amount payable are mentioned exclusively for example purposes and are derived only under the precondition that the aforementioned data will exist.
• The APR has been calculated on the assumption that the floating interest rate remains at the same level for the entire term of the contract.
• We emphasize that the insurance of the pre-notated property against the risks of Fire/Earthquake is mandatory for an insured capital equal to the property's reconstruction value. There is the option to join a group insurance policy that the bank contracts with an insurance company of its choice or to submit an individual insurance policy from an insurance company of your choice, according to the bank's policies and procedures.
• The above example does not include insurance policy costs for property and life protection of the borrower.

In monthly installments covering:

• Interest, capital and insurance costs
• Insurance costs, if there is a grace period

Information about your loan installment

• The installments are paid automatically from your linked bank account.
• Each installment is paid on the same date of each calendar month, and its amount is calculated based on the prevailing interest rate and the number of installments.
• The amount of the installment may change, depending on the fluctuation of the lending rate.
• The interest is calculated based on a calendar year of three hundred sixty-five (365) days.
• The number of installments is determined according to the customer's chosen duration of the loan.
• Non-compliance with obligations from the loan contract may have legal or financial consequences for the borrower.

Depending on the purpose of the loan:

• Lump sum for the purchase of a ready-made property
• Partial disbursements based on the progress of the construction for purchase under construction, completion, radical repair

• Compulsory Fire and Earthquake Insurance for insured capital equal to the value of the property reconstructing
• Life and permanent total disability insurance for one of the borrowers, for an insured capital equal to the approved loan amount

Note:
In case of your inclusion for the coverage against the above-mentioned risks in the group insurance policy offered by the bank, the insurance costs are charged every month along with your loan installment.