Renovation and adaptation loans
Arrange your home at your own taste, without much effort. Enjoy in the renovation of your new home.
Special offer with lower interest until March 31, 2025
Features of a renovation loan
Loan structure comprises 70% of the loan amount covered by a pro-forma invoice and 30% of cash disbursement. Cash disbursement provides you with a possibility of paying for construction works and other services in case these are not covered by a pro-forma invoice.
- Loan amount from 20.000 EUR
- Repayment period: from 96 to 180 months
- Fixed interest rate from 4,75% – 4,85%
- Insurance of real estate
- Fee for loan processing: 0% of the loan amount
- Down payment 0%
- Administrative ban
It is required that the requested loan amount is covered by bill of quantities verified by an authorized person.
The bank reserves the right to make a decision on the loan approval, as well as to request additional documents and guarantees.
Representative example
| Representative example of a renovation loan | |
| Property value | 37.500 EUR |
| Client down payment | 7.500 EUR |
| Bank loan amount | 30.000 EUR |
| Repayment period | 15 years |
| NIR annually | 0.0475 |
| Monthly instalment | 233 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 | 5,47 % |
| Total amount of loan (principal, interest and costs) | 43.428 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
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 renovation and refurbishment loan
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
Joint debtors:
- one joint debtor allowed
- joint debtor must be a close family member
- debtor and joint debtor must reside in the apartment which is a subject of renovation
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 on real estate
- Administrative ban
Additional benefits
You can take life and property insurance in each 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.
Please submit the application via our online contact form, and we will contact you
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