APN has begun accepting applications for subsidized housing credits as of Monday, March 29. Banks submitted more than 600 client applications on the first morning, while a total of 1,154 have been received so far, according to the Ministry of Spatial Planning, Construction and State Property. The accepted applications will be reviewed based on the time of receipt by the APN, and the call will continue until the depletion of 50 million Kuna. Citizens have also recognized the opportunity this year to make use of more favorable conditions for housing lending and a repayment subsidy ranging from 30 to 51 percent. The conditions of the subsidized housing lending presented in lower effective interest rates of banks ranging from 2.09 to 3.50 percent, as well as nominal interest rates from 1.99 to 3 percent, showed to be more favorable. We compared the annuity amounts for a housing loan of 100,000 EUR with a repayment term of 15 years, where: - 700 EUR monthly annuity in regular offer, with an average annual interest rate of 3.20% - 643 EUR monthly annuity for subsidized credit with an interest rate of 1.99% per year Since the repayable subsidy for the City of Zagreb is 30%, we reduced the 643 EUR annuity amount by the value of the subsidy of 192.90 EUR. In our example, the user of the subsidized credit pays a monthly obligation of 450 EUR (during the duration of the subsidy). In comparison with the amount of the annuity in the standard offer, the monthly difference is significant. Our calculation is made as an example and does not represent any bank. It would be good to consult a banker or a credit intermediary, who will calculate in a specific example the benefits for you. Martina Mataić Škugor

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