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Who can apply for a loan?
All payees of state institutions, public companies, private sector and clients with rental income.
Purpose of the loan:
Purchase of a house or apartment.
Loan terms:
The maximum loan payment term is up to 180 months.
Bank financing of 80% for the purchase of 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)
– Utility bill (electricity, water supply, garbage or telephone) proving your address (not older than 6 months)
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 plan (not older than 6 months)
– Car registration certificate (the car must not be older than 12 years)
EXAMPLE OF LOAN CALCULATION
The amount for financing the loan is €50,000
Annual interest rate for the first three years starting from: 4.08%
Annual interest rate after the first three years starting from: 4.08% + EURIBOR
Administrative expenses 0.50%
Loan maturity up to 180 months
*Effective interest rate for the first year starting: 4.23 %
*The effective interest rate after the first year cannot be calculated due to the variability of the Euribor value.
EURIBOR is the abbreviation of Euro Interbank Offered Rate and refers to the interest rate based on the cash supply and demand in the European market as well as based on daily quotes sent by the largest European banks. When clients get loans with variable interest rates linked to Euribor, they must take into account possible changes in Euribor, which TEB Bank applies every six months for the duration of the loan.
Variable Interest – the EURIBOR reference rate updated on a daily basis for the specified period of the change interval of the specific loan terms. If in the future the publication of EURIBOR is discontinued, a successor reference rate determined by the authorized administrator of EURIBOR will be used.
The offer is valid until 31.12.2023
For more information, please contact the Call Center at 038 230 000, Facebook/messenger (TEB Sh.A), Instagram (TEB Sh.A).
TEB, Bank for a changing world!
