Softer housing loans as of November 20

Serbian Minister of Finance Mladjan Dinkic and Director of the National Corporation for Housing Loan Insurance Aleksandar Jovic today signed with President of the Managing Board of Banca Intesa Draginja Djuric an agreement on the bank’s inclusion in the programme of state-subsidised housing loans.

Dinkic said at a press conference held after the signing of the agreement that the state-subsidised loans will be approved to citizens below 45 years of age, with a 25-year repayment period, with a down payment of 30%, of which 20% is provided by the state from the budget, and 10% by the loan holder. The remaining 70% of the loan’s value will be financed by the bank, with a 4.76% interest rate, the Minister said.

He underlined that Serbia has achieved a significant macro economic stability and announced that for that reason, the state will provide more favourable conditions for housing loans as of November 20, enabling citizens to pay a down payment of only 5%.