OTP banka has made the decision to increase interest rates on mortgage loans, car purchase loans, some housing loans, and some cash loans, and fixed interest rates on savings in euros have also been increased.
Interest rates on housing loans for young people in euros, kunas, and š Swiss francs for amounts greater than 15,000 euros have been increased to 6.25 percent (up from 5.49 percent), while for other housing loans in euros and kunas, the rate has been increased to 6.75 percent (from 6.25 percent). The interest rate on mortgage loans in euros has been increased to 11.49 percent, and the interest rate on car purchase loans in euros, kunas, and š Swiss francs has been increased to 8.49 percent.
The interest rate on cash loans based on an approved housing loan in kunas has been increased by 0.50 percent. OTP banka offers loan users whose interest rates changed in 2008 the option to extend the loan repayment period without a fee, as stated in the announcement. OTP banka has increased fixed interest rates on savings in euros for 6 months to 4.5 percent and for 12 months to 5 percent. For amounts above 25,000 euros, there is an option to negotiate an additional, particularly favorable interest rate. (H)
