Home Loans for Young People
Dreaming of your own home? Start planning your future now and make your dreams come true!
Housing loan
with 1% down payment
According to the latest information, housing loans for young people might become available to students and unemployed individuals aged 20 to 35 in Serbia. The program, expected to start in March, would enable the purchase of properties up to €100,000 with only a 1% down payment, with a repayment term of up to 40 years or until the age of 70 at the latest.
New national loan program for youth
The government has introduced a new program worth 400m EUR
Who is eligible to apply for a housing loan with a 1% down payment?
Citizens of the Republic of Serbia aged 20 to 35 can apply for a housing loan with a 1% down payment.
Is it necessary to be employed to qualify for the loan?
Both employed and unemployed individuals can purchase an apartment.
What is the minimum down payment for the loan?
The minimum down payment is 1% of the property value.
Are there additional costs associated with the loan?
The associated costs are limited to 1% of the loan value.
What is the maximum price per square meter for the property?
Belgrade: €2,200
Novi Sad: €1,800
Niš: €1,500
Kragujevac: €1,400
Other cities: €1,300
What is the interest rate on the loan?
First 6 years: 1.5% (with a state subsidy covering an additional 2%).
After 6 years: 2% + 3M/6M EURIBOR.
Does the state guarantee my loan?
Yes, the state guarantees up to 40% of the loan value during the first 10 years of repayment.
Do I have to start repaying the loan immediately?
No, you are entitled to a one-year grace period.
The first step towards owning a property
If you're young and looking to venture into real estate, consider taking out a youth home loan.
These loans often offer more favorable terms and the support you need to start your journey toward property ownership. Kredium is here to help you find the best home loan for young people and achieve your dreams. We can connect you with a bank and find the best offer, all without the need to visit the bank.
Wondering which home loans for young people are the most favorable?
Calculate your monthly installment using our youth home loan calculator to quickly and efficiently plan your budget.
The most favorable home loans for young married couples
The most favorable home loan for young married couples depends on the bank's terms, interest rates, and available subsidies.
It’s important to compare different offers, including interest rates, repayment terms, and additional costs. Also, be sure to check for subsidy options and the flexibility of repayment terms.
RegisterNLB Komercijalna Bank
Offers subsidized home loans with lower interest rates for young married couples.
Combined,
Variable
OTP bank
Offers loans with fixed and variable interest rates, with the possibility of subsidies for young married couples.
Combined,
Variable,
Fixed
Banca Intesa
Offers home loans with favorable interest rates and the possibility of subsidies for young married couples.
Variable,
Combined
AIK bank
Provides loans with competitive interest rates and flexible repayment terms for young married couples.
Variable,
Fixed
Terms for a youth home loan
To qualify for general terms for a youth home loan, you need to meet the following criteria:
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1
Employment
Minimum 3 months on a permanent contract with the current employer (without interruption of employment).
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2
Income
You must meet the creditworthiness requirement; the maximum income burden is 60%.
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3
Total work experience
A minimum of 1 year of total work experience is required.
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4
Credit bureau report
The applicant must have a clean credit bureau report.
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5
Down payment
Minimum 20% of the property's value
Frequently Asked Questions
What is the maximum amount for a Youth Home Loan?
The maximum amount for a youth home loan depends on the client's creditworthiness.
What is the minimum amount for a Youth Home Loan that can be obtained?
The minimum amount for a youth home loan depends on the bank's policies.
What types of properties and objects can be financed with a Youth Home Loan?
A youth home loan can finance an apartment, house, parking space with an apartment, prefabricated house, or a property under construction. Anything registered as a commercial space, apartment unit, or vacation home cannot be financed with a home loan for individuals.
Which banks offer Youth Home Loans?
Banks that offer youth home loans include AIK Banka, OTP Banka, NLB Banka, and Banca Intesa.
How can I apply for a Youth Home Loan?
In the process of applying for a youth home loan, Kredium advisors can assist you by providing all the necessary information, as well as helping you collect and submit the required documentation. You need to register on our website, and one of our advisors will contact you.
What is the age limit for a Youth Home Loan?
The age limit for a youth home loan requires you to be at least 20 years old when applying, and the loan must be repaid by the age of 70.
Is there an option for early repayment of a Youth Home Loan?
Yes, most banks allow early repayment of a youth home loan, but it’s important to inquire about any additional costs or fees that may be associated with early repayment.
What is the repayment term for a Youth Home Loan?
The repayment term for a youth home loan depends on the bank and your personal circumstances, but it typically ranges from 5 to 30 years.
Is insurance in case of inability to repay the loan mandatory?
Insurance in case of inability to repay the loan is not mandatory but is optional, according to the client's choice. Insurance when taking out a home loan protects your property from unforeseen events and provides financial security. It also reduces the risk for the bank.
Why choose a Youth Home Loan?
Youth home loans offer numerous advantages that can make the journey to acquiring your first property easier:
Lower interest rates: Banks often offer more favorable interest rates for young people to help them get started.
Longer repayment terms: The possibility of long-term planning and lower monthly installments.
Flexible conditions: Many banks offer flexible terms that cater to the needs of young users.
Special benefits: Discounts on administrative fees, lower processing costs, and other special offers.