Zaba Offers More Favorable Interest Rates for Housing Loans

Zagreb Bank has reduced interest rates on new housing loans in kuna, as well as on housing loans with a currency clause in EUR.

The new interest rates apply to loans with fixed and variable interest rates, as well as to loans with a combination of fixed and variable interest rates. Interest rates have been reduced by an average of up to 0.8%, and they apply from March 21 on newly approved loans.

Loans with a currency clause in EUR
New, more favorable interest rates on EUR housing loans with a fixed interest rate are:
– 4.50% per annum for a repayment period of 5 years
– 4.70% per annum for a repayment period of 7 years
– 4.90% per annum for a repayment period of 10 years
 
For EUR housing loans with a variable interest rate with a repayment period of up to 30 years, the new interest rate is:
– 4.70% for clients (the variable part is 6MNRS1 for EUR(2.14) + 2.81 p.p.)

For Green Loans, the new variable interest rate is:
– 4.60% for clients (the variable part is 6MNRS1 for EUR(2.14) + 2.71 p.p.)
    
For EUR housing loans in a combination of fixed and variable interest rates with a repayment period of up to 30 years, the new fixed interest rates are:
– 4.50% (fixed period of 5 years)
– 4.70% (fixed period of 7 years)
– 4.90% (fixed period of 10 years)
while the new variable interest rates in all three cases amount to 4.70% for clients (the variable part is 6MNRS1 for EUR(2.14) + 2.81 p.p.)

Loans in kuna
New, more favorable interest rates on kuna housing loans with a fixed interest rate are:
– 4.80% per annum for a repayment period of 5 years
– 5.00% per annum for a repayment period of 7 years
– 5.20% per annum for a repayment period of 10 years
 
For kuna housing loans with a variable interest rate with a repayment period of up to 30 years, the new interest rate is
– 4.95% for clients (the variable part is 6MNRS1 for HRK (1.47) + 3.73 p.p.)

For Green Loans, the new variable interest rate is
– 4.80% for clients (the variable part is 6MNRS1 for HRK (1.47) + 3.58 p.p.)
    
For kuna housing loans in a combination of fixed and variable interest rates with a repayment period of up to thirty years, the new fixed interest rates are
– 4.80% (fixed period of 5 years)
– 5.00% (fixed period of 7 years)
– 5.20% (fixed period of 10 years)
while the new variable interest rates in all three cases amount to 4.95% for clients (the variable part is 6MNRS1 for HRK (1.47) + 3.73 p.p.)

The maximum loan amounts (up to 250,000 EUR or up to 2 million kuna)   as well as repayment periods (from 3 to 30 years) remain the same. Until June 30, 2016, housing loans are approved without charging a processing fee, and the property valuation is also free of charge.