USEFUL FOR YOU!

GUIDE THROUGH SUBSIDIES – A BRIEF OVERVIEW

Author: Martina Mataić Škugor

CONDITIONS FOR APPLICANTS OF SUBSIDIES / USERS OF HOUSING CREDIT

a citizen residing within the Republic of Croatia
not older than 45 years – upon submitting the application you must not have turned 45
who, or whose spouse or partner in a life partnership, non-conjugal life partnership, or informal life partnership does not in his/her possession own a house or a dwelling unit in a state of operational condition enabling basic hygiene and technical conditions for living or who, or whose spouse or partner in a life partnership, non-conjugal life partnership, or informal life partnership has in his/her ownership only one house or a dwelling unit in a state of operational condition enabling basic hygiene and technical conditions for living, and who sells (the sale deadline is two years from the conclusion of the agreement on subsidized credit)

PURPOSE OF THE CREDIT

purchasing of a dwelling unit or a house
construction of a house

the price of a dwelling unit or a house including the value-added tax, per square meter of net useable ground area, must not be higher than EUR 1,500 in the exchange rate valid on the occasion of the middle-market exchange rate of the Croatian National Bank. Subsidy of the loan is granted for a loan amounting to no more than EUR 100,000 in the exchange rate valid on the occasion of the middle-market exchange rate of the Croatian National Bank.

LIFESPAN OF LOAN REPAYMENT

in accordance with the Law, the lifespan of loan repayment must not be shorter than 15 years

LOAN SUBSIDY

during the first five years of loan repayment, the state (APN) subsidizes from 30 to 51% of the annuity/installment, depending on 8 groups of municipalities according to the development index. In the 8th group, the subsidy is 30% of the monthly installment or annuity; the cities of Zagreb, Rijeka, Split, Zadar, Varaždin are included in this group

possibility of additional extension of the repayment period for the loan to be subsidized:
for one year for each minor child at the time of conclusion of the loan subsidy agreement
for two years for each born or adopted child during the period of loan subsidy
for two years in the case where the applicant or a member of his/her household has been determined to be invalid by at least 50%

REALINTEREST RATE – represents the actual cost of a loan

in accordance with the Law on Subsidy of Housing Loans it is stipulated that the real interest rate (RIR) of housing loans first five years of repayment must not be higher than 3.75% per annum

NET USEABLE GROUND AREA

The loan subsidy is granted only for the purchase of a dwelling unit or a house, or for the construction of a house, the price of which per square meter of net useable ground area, including the value-added tax, is not higher than EUR 1,500 in the exchange rate valid on the occasion of the middle-market exchange rate of the Croatian National Bank.

The price of which per square meter of net useable ground area, including the value-added tax, may be higher than the abovementioned amount, but the APN subsidizes only up to that amount.

Example

Purchase price/EUR: 96,000

NKP/m2: 60

Price per EUR/m2: 1,600

The loan subsidy is granted to the amount of EUR 90,000 because:

1,500 EUR (maximum price per m2) x 60 m2 (NKA) = 90,000 EUR

MAXIMUM AMOUNT OF SUBSIDIZED LOAN

The loan subsidy is granted for a loan amounting to no more than EUR 100,000 in the exchange rate valid on the occasion of the middle-market exchange rate of the Croatian National Bank on the day of loan repayment.

However, the housing loan may be higher than EUR 100,000, but the APN subsidizes only the amount of the installment/annuity which does not exceed EUR 100,000.

Example

Price per EUR/m2: 1.500

NKP/m2: 70

Purchase price/EUR: 105.000

The loan subsidy is granted to the amount of EUR 100,000 regardless of the price being 1,500 EUR/m2.

USER'S USAGE PERMIT

A permit for the use of the building is a mandatory document issued by APN, in accordance with the Law on Subsidy of Housing Loans.

The most challenging part of collecting permits for the use of buildings was in the previous phases of loan subsidy. The applicant often has to ask for the permit's validity and authorization.

Opereta has a rich portfolio of properties, and our team of specialized agents will take care to find the property that suits you best. Our loan advisor will provide you with all the information on the conditions for obtaining a subsidy.

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