Housing loans in RSD - Retail | Societe Generale

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Housing loan in RSD

Replace sublet rent with instalment for your own apartment. Your roof over your head - your freedom, without need for EUR exchange rate adjustments.

Features of a housing loan in RSD

Offer valid till 31.05.2018.

The bank reserves the right to make a decision on the loan approval, as well as to request additional documents and guarantees.

  • Down payment is not required if another registered property is mortgaged, the value of which exceeds the value of the loan amount by 30%.

  • During the grace period only interest is paid.

  • Only one more, close family member who meets the same requirements as loan beneficiary, can assume the capacity of a joint debtor.

  • Wondering why it is important to insure your life during the repayment of housing loan? Housing loan is a life project. It lasts 15-20 years on average. In the event of unforeseen life circumstances it might happen that heirs cannot repay loan instalments for mortgaged apartment. In order to secure your family, it is important to get insurance. The insurance company will reimburse the outstanding loan amount and the bank will clear the mortgage. It all depends on you.

Representative example
Representative example of a RSD housing loan with variable interest rate
Property value3.000.000 RSD
Client down payment600.000 RSD
Bank loan amount2.400.000 RSD
Repayment period25 years
NIR annually 4,75% + six-month BELIBOR
Monthly instalment 18.767 RSD
Administrative fee (1% of the loan amount)24.000 RSD
Costs associated with loan approval, known at the time of publishing
Bill of exchange50 RSD
Credit Bureau basic report246 RSD
Certification of pledge statement10.080 RSD
Property insurance - annually40 EUR in RSD equivalent
Life insurance - annually100 EUR in RSD equivalent
Issuing of real estate folio in the land register10 EUR in RSD equivalent
Real estate valuation100 EUR in RSD equivalent
NMIC cost (insurance premium and application processing)480 EUR in RSD equivalent
Mortgage registration20.000 RSD
EIR annually 11,99%
Total amount of loan (principal, interest and costs)6.167.067 RSD
EIR calculated on 02.03.2018.

The calculation of the effective interest rate contains the amount of life insurance and property insurance policies for the entire period of loan repayment. The interest rate is variable and consists of a reference rate - six-month BELIBOR as a variable rate, and Bank’ margin as a fixed rate, in accordance with Bank’s Tariffs. Variable interest rate is adjusted on the first business day of each month in accordance with changes in the reference BELIBOR rate which, on the day of calculations for the sake of this representative example, i.e. on 02.03.2018. stood at 3,29. This offer is for guidance purposes only. For a personalized offer we are at your disposal at Societe Generale Bank branches.

Additional information on applying for a housing loan in RSD

Loan applicant:

  • permanent employment of indefinite duration minimum 6 months with the current employer
  • minimum 20 years of age at the time of applying for a loan
  • maximum 70 years of age at the time of maturity of the last instalment
  • transfer of personal income to the current account held with Societe Generale Bank

Loan collateral instruments

  • Endorsed life insurance and immovable property policies
  • Bill of exchange and promissory note authorization
  • First class mortgage over immovable property 

Additional benefits

You can take life and property insurance in each Societe Generale branch and thus complete the entire process easily and in one place. Regular payment of insurance premium is provided through standing order which is free of charge and exempt from payments fee.

List of required documents
List of documents for housing loan in RSD – project financing SGS – valid from 01.07.2017.
List of documents for housing loan in RSD – project financing of another bank – valid from 01.07.2017.
List of documents for housing loan in RSD with a mortgage on a registered real estate – – valid from 01.07.2017.
List of documents for housing loan in RSD with a mortgage on an unregistered real estate – – valid from 01.07.2017.

Please submit the application via our online contact form, and we will contact you

7 steps to purchasing an apartment

Purchasing of an apartment is considered one of our most important life decisions. In order to make this “sweet torment” as easy as possible and gathering of documents smooth, take 7 steps to circumvent the process of applying for a housing loan and purchasing of future property.

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