Three banks—Unicredit, NLB Komercijalna and Poštanska štedionica—are offering loans for young people with only a 1% down payment. While Unicredit and NLB Komercijalna have not yet shared details on their websites, Poštanska štedionica has already disclosed the approval of four loans and provided conditions on its website.
The loans are aimed at young people purchasing their first property, with eligibility for individuals aged 20-35. Poštanska štedionica offers a loan for up to 80,000 euros, with a fixed 1.5% interest rate for the first six years, after which the interest rate becomes variable, calculated by adding a 2% margin to the six-month Euribor (currently at 2.386%, making the rate 4.386%).
For example, for a property worth 80,000 euros, the borrower initially pays 219.52 euros per month. After six years, when the interest rate becomes variable, the installment increases by approximately 49%, jumping to 327 euros.
The loan period is between 72 and 480 months, with a maximum repayment term ending before the borrower turns 70. The loan covers residential real estate only, including apartments, houses, and land with a building permit for residential construction.
Poštanska štedionica also requires the borrower to have an open dinar account with the bank and conducts a financial check. The bank charges some fees, such as 200 dinars for bills of exchange, 246 dinars for the Credit Bureau report, and 100 euros for real estate valuation.
The loan is secured by a first-order mortgage, promissory notes, and insurance. The law prohibits the sale or rental of the property for six years after receiving the loan, except in the case of forced collection.
Poštanska štedionica has already approved four loans, and the government is supporting this initiative to help young people purchase their first homes.
