Real estate loan

About the real estate loan

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

30 years

Maximum credit amount

up to 100% of the project cost

Advantages of real estate loan

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

Citizen of the Republic of Moldova, resident of the country or foreign citizen/statelessness person, resident of the Republic of Moldova
Minimum age of 18 years old at the date of credit issuance and maximum age of 70 years old at the maturity date of the credit
Official income and capacity to pay that meets the bank requirements
Permanent income that can be confirmed (including income from abroad)

Required documents for real estate loan

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 of real estate loan

Now you can personally choose the interest rate:
- 7,9% FIXED in the first 24 months and then FLOATING or
- FLOATING for the entire term of the loan.
The FLOATING interest will initially be set at the value of:
Offer 1
8,66% floating Interest rate – for customers who meet one of the following conditions: employees of budgetary institutions within salary projects, are employed in the IT field, work in a company providing accounting services, private medical sector, private education or in a company with over 500 employees
Offer 2
9,16% floating Interest rate – for customers who meet one of the following conditions: work in a private company from 101 to 500 employees or receive their salary on a Victoriabank card
Standard Offer
9,66% floating Interest rate – for customers who do not meet any of the specific conditions mentioned above
- File analysis commission - 0 MDL
- Annual Commission - 500 MDL
Be financially responsible and careful to pay back the loan on time.

Example of calculation

For a credit in the amount of 1.100.000,00 MDL for a term of 25 years, the following payments are expected:

For the 7,90% FIXED Interest Rate in the first 24 months, and starting from the 25th month - 8,66% floating, the monthly payment is 8.418,84 MDL during the period of application of the fixed rate and 8.945,66 MDL for the floating rate. The effective annual interest rate (EAR) is 8,89%, and the total amount payable (loan amount + all related costs) is 2.683.580,03 MDL. The amount does not include the costs of building insurance.

For the 8,66% floating Interest Rate, the monthly payment is 8.978,29 MDL. The effective annual interest rate (EAR) is 9,06%, and the total amount payable (loan amount + all related costs) is 2.705.487,85 MDL. The amount does not include the costs of building insurance.

Cerere de credit Adeverinta de salariu