Get mortgage loan with effective interest rate starting from 4.23% and maturity up to 180 months

Who can apply for a loan?

All payees of state institutions, public companies, private sector and clients with rental income.

Loan purpose:

Purchase of a house or apartment.

Loan conditions:

• Maximum loan repayment term is up to 180 months
• Bank financing of 80% for purchasing a house or apartment

What do you need to apply?

Receive your salary through TEB Bank or bring confirmation from your employer that your salary will be transferred to TEB.

Documents required for application:

• Valid identification document (ID card, Passport or Driving License)
• Valid employment contract
• Bank statement (last 6 months) for payees in other banks
• Utility bill (electricity, water, waste or telephone) proving your address (not older than 6 months)
• Sale and purchase contract and other documents on the property

Additional documents that may be required based on the value of loan:

• Proof of additional family income
• Co-borrower: ID / Employment contract / Bank statement (last 6 months)
• Guarantor: ID / Employment contract / Bank statement (last 6 months)
• Mortgage: Possession certificate and copy of the plan (not older than 6 months)
• Car registration certificate (the car must not be older than 12 years)

Loan calculation example

• Loan financing amount €50,000
• Annual interest rate for the first three years starting from: 4.08%
• Annual interest rate after the third year starting from: 4.08% + EURIBOR
• Administrative costs 0.50%
• Loan maturity up to 180 months
• *Effective interest rate for the first three years: 4.23%
• *The effective interest rate after the third year cannot be calculated due to the variability of Euribor value

EURIBOR is the abbreviation for Euro Interbank Offered Rate and refers to the interest rate based on the money supply and demand in the European market and based on daily quotes sent by the largest European banks. When clients take out loans with a variable interest rate linked to Euribor, they should consider possible changes in Euribor, which TEB Bank applies every six months for the duration of the loan.

Variable Interest – the EURIBOR reference rate updated daily for the period specified in the Change Interval in the Specific Credit Terms. If in the future the publication of EURIBOR is discontinued, a successor reference rate determined by the authorized EURIBOR administrator will be used.

Offer valid until 30.04.2025

For more information please contact the Call Center at 038 230 000, Facebook /messenger (TEB Sh.A), Instagram (TEB Sh.A), Web (www.teb-kos.com).

TEB, The bank for a changing world!