Real Estate Credit

About the credit

Purpose

purchase / construction of residential real estate located in Moldova

modernization / consolidation / rehabilitation / extension / completion of residential real estate

purchase of land plots for residential constructions provided only the construction project is financed

Minimum term

13 months

Maximum term

360 months

Maximum credit amount

up to 100% of the project cost

Advantages

Now you can have a house with much more comfortable conditions than the house for which you have been saving money for years
Pay for your own home, not for rent
The purchased real estate or another residential real estate is accepted as a collateral
The long term of the credit allows considerably reducing the amount of the monthly repayment rates
You can be owner of your own home or improve your living conditions starting from today
Benefit from free revaluation of the real estate for the entire credit period
Low costs, transparent and flexible credit conditions
Quick examination of credit applications

Eligibility criteria of the applicant

citizenship of the Republic of Moldova or foreign citizenship / statelessness – tax residence of the Republic of Moldova
minimum age of 18 years old at the date of credit issuance
maximum age of 65 years old at the maturity date of the credit
official income and capacity to pay that meets the bank requirements
at least 4 months of work at the current job and at least 3 salary records in the State Tax Service Report
no credits/ loans subject to enforcement in the last 3 years

Required documents

documents confirming the monthly income of the applicant and the co-debtor(s) – the salary is extracted from the database of the State Tax Service/ the certificate confirming the military pension and other types of pensions/ confirmation of receipt of remittances/ lease contract/ declaration of income/ employment contract from abroad (for co-debtor)/ decision on distribution of dividends and others (as applicable)
a copy of the individual employment contract and its last addendum (at the request of the bank, if applicable)
the identity card and the supplementary sheet of the applicant and the co-debtor(s)
upon purchase of residential real estate – the sale and purchase pre-contract or the sale and purchase contract with payment in instalments, authenticated, concluded with the natural or legal person that is selling the dwelling, specifying its selling price, address, payment procedure and the amount paid as an advance, or the contract of investments in constructions and/or the certificate of transfer and acceptance, or other documents from which the value of the purchased real estate results
upon construction/ modernization/ consolidation/ rehabilitation/ extension/ completion of the residential real estate – the cost estimate, other documents from which the value of the financed project results
upon purchase of a land plot for residential construction, only in the case of financing of the construction project – the seller's title deed for the land plot concerned, building permit, town planning certificate, technical execution project, cost estimate and cost estimate evaluation report, other documents from which the value of the financed project results
in case of refinancing of the real estate credit/ loan issued by another financial institution – information on the balance of the refinanced real estate/ mortgage credit (e.g. account statement showing the balance of the contracted credit/ certified by the bank/ credit contract/ repayment schedule), the agreement of the bank that initially issued the credit with the subsequent mortgage (as the case may be)
the title deeds of the real estate provided as collateral
the excerpt from the Real Estate Register issued by the Public Services Agency
the valuation report of the real estate provided as collateral
the insurance policy of the real estate provided as collateral

Costs

Interest Rate for Victoriabank salary card holders = 14.08% consisting of the NBM Reference Index (9.47%) + Fixed Margin of the Bank (4.61%)
Standard Interest Rate - 14.58%, consisting of the NBM Reference Index (9.47%) + Fixed Bank Margin (5.11%)
Interest Rate in case of non-standard income = 15.08%, floating rate, Reference Index (9.47%) + Fixed Margin of the Bank (5.61%)
File analysis commission
1000 lei for loans up to 1,000,000 lei
1500 lei for loans higher than 1,000,000 lei

Example of calculation

Example of calculation with the interest rate of 14.08% within the loyalty program: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 9,074.20 MDL (principal and related interest). The effective annual interest rate (EAIR) is 15.14%,,and the total amount payable (credit amount + all related costs) is 2,235,245.00 MDL.

Example of calculation with the interest rate of 14.58% - standard: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 9,362.50 MDL (principal and related interest).The effective annual interest rate (EAIR) is 15.71%,and the total amount payable (credit amount + all related costs) is 2,822,248.00 MDL.

Example of calculation with interest rate of 15.08% in case of non-standard income: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 9,652.80 MDL (principal and related interest).The effective annual interest rate (EAIR) is 16.29%,and the total amount payable (credit amount + all related costs) is 2,909,342.00 MDL.

Cerere de credit Adeverinta de salariu