Housing loan for the purchase of real estate under construction

Are you buying an apartment under construction and want to pay for it in full only after the building is completed? You do not want to cover the loan repayment costs during the construction of the apartment, but you want to be sure that you will have the financial means available for payment immediately after completion? We are here for you!

How to get approval and disbursement of the loan for the purchase of real estate under construction?

1) Select a real estate
Conclude a preliminary agreement on the purchase and sale of the apartment, which regulates the disbursement after the completion of construction.

2) Apply for a loan
Submit the necessary documentation for a creditworthiness assessment.

3) Loan contracting
Sign the housing loan agreement, which contains the conditions that must be met before disbursement (loan utilization period up to a maximum of 18 months) and have it solemnized by a notary public.

4) Ask for an estimate of the value of the completed real estate
After the completion of the construction and subdivision, without registered encumbrances and negative notes, ask the Bank for a valuation of the real estate's value and an energy certificate from the investor.

5) Sign the addendum to the agreement
Sign the addendum to the agreement and have it solemnized by a notary public.

6) Loan disbursement
After the delivery of the addendum to the agreement and the registered lien on the real estate in favor of the Bank, and the fulfillment of the other conditions of the Bank, the conditions for disbursement of the loan are obtained.
In case of loans that are contracted with a credit protection (insurance) instrument that is real estate, an appropriate valuation by an appraiser authorized to perform valuations in accordance with the positive regulations of the Republic of Croatia, as well as a report on the market value assessment, which must contain at least the elements listed in the document "Essential elements of the report on real estate valuation" (listed in the documentation attached to this product), is required for the real estate in question.
News in the preparation of the real estate valuation report from 1 January 2024.

Advantages


1. Fixed interest rate for the entire loan repayment period.
2. No valuation fee until June 30 2025 if the appraiser is ZANE.
3. The amount of the loan can be increased by up to 5% of the amount of the loan, a maximum of EUR 7,000 for the purpose of reimbursing the costs for the realization of the loan (on the basis of supporting documentation).
4. The loan can be utilized for up to 18 months from the signing of the loan agreement.
5. The possibility of deferring loan payments (moratorium) when using maternity leave.
6. With m-zaba, you can monitor repayment and the number of remaining loan installments.