Individuals, whose age will not exceed the 75th year at the end of the loan period.

Mortgage Loan New Start is available for:

• purchase, construction, completion, renovation or repair of a residence
• purchase of a plot of land for the construction of a residence, with a valid building permit

Maximum loan amount up to 80% of the appraised value of the financed property and up to 100% of the price of the purchase contract

In case of construction, renovation or repair of property, the loan amount can be up to 100% of the work budget.

Fixed for 3, 5, 10 years and then Variable based on 3-month Euribor, plus margin which remains fixed throughout the duration of the loan.

- The above interest rates are subject to the levy of Law 128/75, currently 0.12%.
- In case the Euribor rate takes a negative value, for as long as this lasts, a zero-reference rate will be applied.
- Amortization basis is 365 days.

Indicative Example of Mortgage Loan with combination of Fixed and Variable rate and levy of Law 128/75 0.12%

AAPR (Actual Annual Percentage Rate) for a 30-year loan, with 3 years fixed and 27 years variable interest rate – Total Actual Annual Percentage Rate: 4.83% on 13/09/2024

• Loan amount: €100,000
• Loan duration 30 years (360 months)
• Loan-to-value ratio (LTV): up to 60%
• Fixed interest rate for the first 3 years and then variable
• Fixed interest rate for 3 years: 2.70% (plus levy of Law 128/75, 0.12%)
• Fixed installment amount: €411.96 fixed for 36 installments
• Then, variable interest rate equal to 4.872% (consisting of Euribor 3m of 13/09/2024 equal to 3.472% plus spread 1.40% plus levy of Law 128/75, 0.12%)
• Indicative Variable installment: €525.10 for the following installments
• One-off Fee for Research, Application & Approval of New Start mortgage loan €0.00, Legal-Technical Audit Fee €0.00, total other one-off expenses: €445 and total insurance expenses: €4,500

Total repayment amount:€189,908.16

Indicative Example of Mortgage Loan with combination of Fixed and Variable rate for a property of energy class A and levy of Law 128/75 0.12%

AAPR (Actual Annual Percentage Rate) for a 30-year loan, with 3 years fixed and 27 years variable interest rate and property of energy class A – Total Actual Annual Percentage Rate (AAPR): 3.94% on 13/09/2024

• Loan amount: €100,000
• Loan duration 30 years (360 months)
• Loan-to-value ratio (LTV): up to 60%
• Fixed interest rate for the first 3 years and then variable
• Fixed interest rate for 3 years: 2.70% (plus levy of Law 128/75, 0.12%)
• Fixed installment amount: €411.96 fixed for 36 installments
• Then, variable interest rate equal to 4.842% [consisting of Euribor 3m of 13/09/2024 equal to 3.472% plus spread 1.25% (1.40% minus 0.15% discount due to property energy status) plus levy of Law 128/75, 0.12%]
• Indicative Variable installment: €463.41 for the following installments
• One-off Fee for Research, Application & Approval of New Start mortgage loan €0.00, Legal-Technical Audit Fee €0.00, total other one-off expenses: €445 and total insurance expenses: €4,500

Total repayment amount: €169,921.32

The above indicative AAPR examples have been calculated with the following assumptions:
- The year is calculated in 365 days 
- The interest rate remains unchanged throughout the repayment period of the loan 
- Loan installments are paid on time 

You do not incur any costs for the examination and approval of your application.

Legal-Technical control costs are zero for loan applications that will be submitted during the period from 18.09.2024 to 31.12.2024, the financing amount is up to €300,000 and the estimated value of the property is up to €600,000*

Other costs of Legal-Technical control and pre-notification registration are borne by the borrower in accordance with the currently applicable Commission Rates.

------------------------------------------
*Regards the legal and technical control of a property. In case an inspection of another property is required, or a re-inspection of the same property, the relevant costs are collected.

The repayment of the loan is carried out in monthly interest-bearing installments debiting the deposit account you hold at the Bank.

You can repay all or part of your loan before the agreed date without any charge.

• Series A’ Mortgage Note on property accepted by the Bank, at a rate of 120% of the granted loan.
• Personal guarantees may also be requested during the evaluation of the application.

Compulsory fire-earthquake insurance on the property, the cost of which is determined based on the construction value of the insured property and is borne by the borrower.

We provide you with the possibility to ensure the smooth repayment of your loan in case of an unforeseen event through the Borrower’s Life insurance program which covers loss of life from any cause and Total Permanent Disability (TPD).