Refinancing housing loans
Refinance housing loans of other banks and reduce so your interest and instalment.
Special offer with lower interest until March 31, 2025
Loan Types for Refinancing of Housing Loans
Our Bank is offering you the possibility to choose between two types of interest
- Refinancing loans with fixed interest
- Refinancing loans with combined interest
Extend the repayment term without any initial costs.
Basic conditions and features of loans for refinancing housing loans
- Minimum loan amount: 20.000 EUR
- Down payment: 0%
- Repayment period up to 30 years
- Fixed interest rate until the end of repayment from 4,75% to 4,85%
- Fixed interest rate 4,75% do 4,85% during the first three years of loan repayment, and after three years variable interest rate from 2,25% to 2,30% + three-month EURIBOR
- Possibility to combine earnings of debtor and joint debtor
- Insurance of real estate
- Administrative ban
- Fee for loan processing : 0% of the loan amount
The bank reserves the right to make a decision on the loan approval, as well as to request additional documents and guarantees.
Refinance your credit obligations with another bank quickly and easily – without going to that bank. The National Bank of Serbia’s instructions enable you to simply switch the bank and refinance all your credit obligations by taking a loan from the bank whose conditions best suit your needs. We take over all communication with the bank whose loan you want to refinance, until the loan has been closed.
Representative example
Representative example
| Representative example of a loan for refinancing housing loans with fixed interest rate, without down payment | |
| Property value | 37.500 EUR |
| Client down payment | 7.500 EUR |
| Bank loan amount | 30.000 EUR |
| Repayment period | 20 years |
| NIR annually | 4,75% |
| Monthly instalment | 194 EUR |
| Fee for loan processing (0% of the loan amount) | 0 EUR |
| Costs associated with loan approval, known at the time of publishing | |
| Bill of exchange | 100 RSD |
| Credit Bureau basic report | 246 RSD |
| Certification of pledge statement | 10.080 RSD |
| Property insurance - annually | 40 EUR in RSD equivalent |
| Issuing of real estate folio in the land register | 10 EUR in RSD equivalent |
| Real estate valuation | 100 EUR in RSD equivalent |
| Mortgage registration | 27.36 |
| EIR annually | 5,41 % |
| Total amount of loan (principal, interest and costs) | 48.354 EUR |
| EIR calculated on | 14.02.2025. |
EUR-indexed loans are contracted in RSD equivalent at the NBS middle exchange rate. The interest rate is fixed.EIR was calculated on 14.02.2025.. Nominal interest rate from the representative example is valid for Privilege clients who receive salary/pension on current account in OTP bank. Represented example is calculated on loan amount of 30.000 EUR with average cost value at the expanse of loan User on which Bank has no influence and which are included in calculation of EIR (all in line with recommendation of the Association of Serbian Banks). This offer is for guidance purposes only. For a personalized offer we are at your disposal at our Bank's branches.
Do you have any additional questions?
If you have any questions or concerns, our experienced bankers are at your disposal.
Calculate your instalment on the assumption of the variable part of the interest rate change and/or exchange rate change
Access the calculator of the National Bank of Serbia here
Do you have any additional questions?
If you have any questions or concerns, our experienced bankers are at your disposal.
Additional information on applying for a housing loan refinance
Loan applicant:
- permanent employment of indefinite duration minimum 6 months with the current employer
- transfer of personal income to the current account held with our Bank
Loan collateral instruments:
- Enclosed real estate insurance policy
- Enclosed life insurance policy optionally at the client’s request
- Bill of exchange and bill of exchange authorization
- First-class mortgage if a mortgage is established on another property
- Second tier mortgage if the first tier mortgage is already registered in favor of the bank whose loan is being refinanced
- Administrative ban
You can take life and property insurance in each of Bank’s branch and thus complete the entire process easily and in one place. Regular payment of insurance premium is provided through standing order which is free of charge and exempt from payments fee.
Frequently asked questions
In order to take a housing loan, it is necessary that you have been employed full-time with the same employer for 6 months, that you open a current account with our Bank and transfer your salary.
The housing loan requires a mandatory 20% minimum down payment.
Yes, it is possible to conclude a contract based on which you will provide down payment that is larger than the minimum.
The down payment is not a deposit and cannot be returned once the loan is fully repaid because it is a portion of money by which you are paying the real estate bought with the housing loan.
A housing loan may encumber a salary to a maximum of 50%, meaning that the instalment amount may not exceed one half of your salary.
The Housing Loan Application is submitted based on the Sales/purchase Agreement which is concluded by and between the Real Estate Seller and Buyer. However, besides this there are also other certificates one is required to obtain so that the housing loan would be approved. Since this is an important life investment, documentation for this loan type is different and in more detail than for other loans. Your banking advisor will provide you with the entire list of required documentation.
In our offer we have housing loans with variable interest rate and combined housing loans, as well as RSD housing loans that are not pegged to the EUR exchange rate.
The difference between the loan with variable interest and combined loans is that when it comes to combined housing loans, you have the possibility to choose whether you will repay the loan with fixed or with a variable interest rate and to periodically change the interest type.
Should you opt for a RSD housing loan, then your instalment will not be adjusted with the EUR exchange rate. Other housing loan types are adjusted with the EUR rate.
Yes, it is possible to join income with a joint debtor who must also be credit worthy and open a current account with our Bank. The salary of the joint debtor may be encumbered to a maximum of 50% with this loan. The joint debtor may be your spouse or common-law partner or a family member.
A property insurance policy provided in favour of the Bank, as well as life insurance of the loan beneficiary is mandatory with a housing loan.
A mortgage is used as collateral of a housing loan, which can be registered over the real estate that is the subject of housing loan, or it can be registered over another corresponding real estate.
It is possible that you take a housing loan along with the cash loan, which depends on the amount of your income and credit worthiness.
A regular beneficiary of Retirement and Disability Insurance services may be a housing loan beneficiary. The conditions he/she should meet is that at the moment of repaying the last loan instalment, the housing loan beneficiary is not older than 70 years of age.
At the moment of applying for the loan, a client may not be younger than 21 years of age.
Also, at the moment of repaying the last loan instalment, a client may not be older than 70 years of age.
Applying for the loan implies submission of several different certificates that are collected, as for example the pledge statement, property insurance policy provided in favour of the bank or Credit Bureau Report. You may advise your Credit Advisor regarding the entire documentation and costs for obtaining thereof.
A housing loan has a procedure that requires detailed checks of the entire submitted documentation. From the moment you apply for a housing loan, you will be in touch with your Credit Advisor who will timely inform you of the realisation procedure and outcome of your application.
In order to exercise the condition to apply for a housing loan, it is necessary that you transfer your salary to the current account opened with our Bank.
A mortgage means a loan collateral. In the event a client is not able to repay his/her credit liabilities, the Bank as the mortgagee has the possibility to activate the mortgage and collect its receivables through selling the real estate. The mortgage can be registered over the real estate that is the subject of the Sale/purchase Agreement or over another corresponding real estate.
A housing loan is not intended for purchasing an office space.
An office space is not accepted as the mortgage subject for a housing loan.
You can either partially or fully effect early repayment of the loan at any time.
Please submit the application via our online contact form, and we will contact you
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