Minister of Construction Predrag Štromar announced which credit institutions will participate in subsidizing housing credits. Minister of Construction and Spatial Planning Predrag Štromar will announce which credit institutions will participate in the implementation of the Law on Subsidizing Housing Credits at a press conference. "For subsidizing, every citizen under 45 years old who does not have a property or has one property he sells can apply. This subsidy will simplify the repayment of credits in the first 4 years by 50% of the credit rate. For those who receive a child in the meantime, the subsidy will be extended for two years per child," Štromar said.

"Below 3.75% interest rates"

Štromar said that interest rates (EKS) are below 3.75%, and an agreement has been reached with 10 banks. "A large majority of banks offered interest rates much lower than 3.75%. Credits will be in kuna and euro. The requirements are to be submitted to the banks. After the bank processes the client, they will send all the documentation to the APN. It will verify and receive the note with the date when the bank sends it. The announcement will be published in Narodne novine on Friday, and the receipt of applications will start on Monday. On the APN's pages today, all banks, interest rates, and the form will be published," Štromar said. 12 credit institution offers from banks and one credit institution have been received. APN Director Slavko Čukelj said that interest rates range from 3.04 to 3.75 in euros and all data will be published by noon. In kunas, interest rates range from 3.35 to 3.75%. Čukelj then said that agreements have been reached with the following banks: HPB (EKS in euros 3.04, in kunas: 3.61), Erste (3.33 to 3.50 in euros, 3.47 to 3.59 in kunas), Podravska banka (3.71 in euros, 3.71 in kunas) OTP (3.14 in euros, 3.56 in kunas), ZABA (3.29 to 3.47 in euros and 3.56 to 3.67 in kunas), PBZ (3.15 in euros, 3.35 in kunas) Splitska banka (3.14 in euros and 3.56 in kunas), Reiffeisen banka (3.75 in euros and 3.75 in kunas), Karlovačka banka (3.29 in euros and 3.49 in kunas), Istarska kreditna banka (3.66 in euros and 3.66 in kunas). Štromar said that the deadline for receiving applications will expire when the annuity amount reaches 35 million kunas per year for 2018 and 2019. "Now, the subsidies will be negotiated for the next four years," Štromar said. He said that it is currently not possible to repay the subsidized credit previously, before the expiration of the 15-year deadline.

"The market will be stabilized"

We recall the interest rates that banks will offer citizens for the measure of subsidizing housing credits in the first four years. Interest rates are more favorable than those on the market, and state support will be given to those who send the documentation first. HPB offers the most favorable interest rates, from 3.04% on credit in euros, while Raiffeisen banka offers the highest interest rate, of 3.75% and for both kunas and euros. The state expects to sell 1500 apartments through this measure, which is just 10% of the 140,000 apartments sold annually in Croatia. The 12 banks have submitted their proposals for credit rates for housing subsidies. Štromar believes that the market will be stabilized and that prices will not rise. He emphasizes that the benefits of this measure will not only be for citizens but also for the construction sector and the entire economy. Source: dnevnik.hr

About us

Information

Services

About us

Information

Services