"Renaissance City"

1. Amount of credit (minimum/maximum)

a) maximum 70% of project costs for applicants who have a good financial situation and incomes accepted by the Bank as solid
b) maximum 50% of project costs for other applications.

2. Credit period (minimum/maximum)

Up to 120 months

3. Interest rate paid by the client (minimum/maximum),and method of calculating the interest rate absolute value

I year - 5%
II year - 7%
III year - 9%
Starting with the IV year - 12%

     Time of payment of interest - monthly, on the corresponding month of the signing of the contract management of credit.

Calculation method – 365/360

4. Other payments non-included in the interest rate (minimum/maximum)

• Single administrative charge: 1% from the credit amount (until the granting of the loan); At the beginning of each year: 1% from the credit amount (after 12 months from the previous charge paid, starting with the second year);
• Fee for changing contractual terms: 0.5-2% from the loan balance (untill the changes a made);

5. Mode (annuities, instalments, integrally) and frequency of payments);

·         Annuity – monthly, in equal installments

6. Required documents for obtaining a credit

1. Application for loan request;
2. Documents certifying the monthly income of the applicant;

- receipt of salary;
- employment book;
- deposit contract;
- certificate of retirement;
- lease contract;
- decisions on dividend payments.

3. Identity card;
4. Documents confirming the ownership right on real estate proposed to be put in pledge:

·    Documents confirming the payment of rates for the house (minimum 30% from the real estate price) (if necessary);

·    Investment contract or Buying/selling agreement (if necessary);

·    The approval of BC Victoriabank SA Branch nr. 11 Chisinau on establishing a further mortgage on the purchased property;

·    Extract from the Register of immovable property issued by the Land Territorial Cadastral Office on real estate value;

·    Independent assessment of real estate made by companies approved by the Bank;

·    Certificate from State Fiscal Authority regarding the lack or existence of debts towards the budget; 

7. Forms to secure the credits accepted by the Bank

1. Morgage on real estate financed from the loan (single residence or unfinished house with adjective land / land located in residential complex "Renaissance City");
2. Mortgage to another property (if applicable) and / or other property acceptable to the Bank.
3. Bail of a third person (personal or legal person).
4. Bank Assurance for Risk:
   - Ensure that the property mortgaged to the Bank;
   - Ensure working life of the debtor and capacity.Pledge on other real estate (if necessary) and/or another goods accepted by the Bank;

8. The advanced repayment effects and penalties related to the loan contract

Penalty:
a). For the amount of an outstanding loan - increased interest plus 5 percentage points, daily calculated on the amount of an outstanding loan (engagement with immediate maturity)
b). For the amount of an outstanding interest - 0.1% of the outstanding interest balance for each day of delay (engagement with immediate maturity)