Mortgage

Destined for the purchase, construction, modernization, consolidation, rehabilitation, extension, completion of real estate for residential use, for a period of up to 30 years

APPLY FOR CREDIT

About the credit

gPurpose

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


kMinimum term

13 months

kMaximum term

30 years

h 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 6 months of work at the current job and at least 6 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 standard income = 13.88%, floating rate, Reference Index (9.47%) + Fixed Margin of the Bank (4.41%)
  • Interest Rate for Victoriabank salary card holders = 13.38% consisting of the NBM Reference Index (9.47%) + Fixed Margin of the Bank (3.91%)
  • Interest Rate in case of non-standard income = 14.38%, floating rate, Reference Index (9.47%) + Fixed Margin of the Bank (4.91%)
  • File analysis commission
  • 1000 MDL for loans up to 1,000,000 MDL
  • 1500 MDL for loans higher than 1,000,000 MDL
  • Annual Commission - 500 MDL

Example of calculation

Example of calculation with the interest rate of 13.88% within the loyalty program: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 8,959.40 MDL (principal and related interest). The effective annual interest rate (EAIR) is 14.91%,and the total amount payable (credit amount + all related costs) is 2,701,319.00 MDL.

Example of calculation with the interest rate of 13.38% within the loyalty program: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 8,674.10 MDL (principal and related interest). The effective annual interest rate (EAIR) is 14.34%,and the total amount payable (credit amount + all related costs) is 2,615,719.00 MDL.

Example of calculation with interest rate of 14.38% in case of non-standard income: For a credit of 750,000 MDL with a term of 25 years, the monthly payment is 9,246.90 MDL (principal and related interest).The effective annual interest rate (EAIR) is 15.48%,and the total amount payable (credit amount + all related costs) is 2,787,573.00 MDL.

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