Mortage 70
The dream of your own home can become reality withmortgage 70 product. This allows to purchase immovable property that are under construction at Bank Partners.
Loan amount:up to 70% of the cost of real estate, but not more than MDL equivalent of 70,000.00 EUR.
Loan maturity: up to 12 years.
Interest rate: 12% p.a.
Method of payment: monthly, based on annuity.
Guarantees: real estate that is financed by loan.
Fee for granting the loan: 1% of the loan amount; at the beginning of each following year – 0,5% of the outstanding amount of the loan.
Minimum eligibility criteria:
- Be a resident of the Republic of Moldova;
- To meet the minimum age of 21 years, and the deadline for payment may not exceed the retirement age set by the legislation in force RM;
- have stable sources of income.
Required documents:
- Questionnaire for the purchase of the real estate;
- Identity card;
- Certificate regarding family composition;
- Documents which prove monthly income of the applicant: Salary certificate issued by the employer or certificate regarding income & expenses (for individuals who practice freelance); Work record card / work contract / authorization for the realization of the certain activity (original and copy); Income statement, if applicable; Other additional documents which may prove Beneficiary’s solvency.
- The same documents have to be presented for the spouse, in case when the Beneficiary does not have sufficient sources of repayment;
- Bills of household expenses for the closest date possible (receipts);
- Documents which prove the ownership right of real estate (land, house, car) and other assets (deposits);
- Contract and insurance policy for life and loss of ability to work;
- Mandatory Medical Insurance Policy.