Capital Bank | Financial Inovation
Housing loan

Use of the product:

  • Purchase of an apartment, house, business premises;
  • Construction, extension, upgrading, renovation.


Approval conditions:

  • The user (the borrower) and the co-borrower should have a regular employment however in public administration, joint stock companies and private companies, acceptable for the bank, with documented monthly income;
  • The borrower and the co-borrower should be residents of the Republic of Macedonia between 18 and 64 years of age on the day of full maturity of the obligations regarding the loan;
  • The bank can also allow a co-borrower from the immediate family, who should also be a creditworthy person with documented monthly income;
  • History of regular borrower;
  • The annuity should be 1/3 of the salary, however not more than ½ of the salary.

Loan amount: Up to 150,000 Euros, where the approved amount of the loan should be 70% of the estimated value of the collater

 

Participation: 10%-30%

 

Repayment period: Up to 20 years/240 months

 

Interest rate:

  • 6,50% fixed for the first year, variable for the following years 6.50% (6M SKIBOR + 4,74%) for denar loans;
  • 3,90% fixed for the first 3 years, variable for the following years 6,00% (6M EURIBOR + 6,00%) for denar loans with exchange.

 

Grace period: 3-12 months upon client's request

 

Fee for request processing: 1.00% one-time upon approval

 

Payment: Monthly repayment with equal annuities

 

Fee for early loan repayment: 1% of the amount of the prematurely repaid loan, if the early repayment occurred in a period longer than one year from the term of the Agreement, ie not more than 0.50% of the amount of the prematurely repaid loan, if the early repayment occurred in a period not longer than one year from the term of the Agreement - only if the early repayment occurs in a period for which the interest rate is fixed.

 

Manner of payment: Cash payment, administrative ban on salary or a permanent order for salary receivers in Kapital Bank.

 

TCR: 6.86% for denar loans. The calculation is made for the amount of MKD 2.000.000, interest rate of 6.50%, period 180 months and one-time fee of 1.00%;

TCR: 5.60% for denar loans with exchange clause. The calculation is made for the amount of MKD 9,000,000 (EUR 150,000), interest rate 3,90% fixed for the first 3 years, then variable 6,00%, period 240 months and one-time fee of 1,00%.

Security:

  • Mortgage of a real estate, whereby the relation of the estimated market value of the property which will be mortgaged in regard to the approved loan should not be less than 1,5:1, depending on the quality and the location of the offered property;
  • The bank may also allow a co-borrower from the immediate family, who should also be a creditworthy person with documented monthly income.

Documents:

  • Title Deed;
  • Assessment of property by a certified appraiser;
  • Administrative ban on salary for the borrower and the guarantor/s;
  • Certification of data by the legal entity – Form ZPPOP.

 

Procedure:

  • Complete and duly filled forms – loan application / request for all other documents indicated by the loan clerk;
  • In an event of an approval, a Loan Agreement is concluded, whereby the client fills the entire remaining documentation;
  • Processing of the application in 2 working days.



For all additional information, contact the nearest branch of Capital Bank AD Skopje or contact us on the following telephone number: + 389 2 3102 568; 3102 563 or by e-mail: info@capitalbank.com.mk.


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Str.Nikola Kljusev no. 1, 1000 Skopje

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+389 02/3102-500; +389 02/3102 510


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