Societe Generale and Vojvođanska Banka joined subsidized mortgage program

Societe Generale and Vojvođanka Banka have entered the subsidized mortgage program for newly built apartments.

According to a member of the Executive Board of Societe Generale Bank, Miroslav Rebić, the interest rate on these loans will amount to 4.75% plus six-month euribor, which currently amounts to 1.05%, while margins will not be changed, which means that the effective interest rate will range between 0.56 and 3.51%. In general, effective interest rate on the loan of 50,000 EUR with the repayment period of maximum 30 years would amount to 3.22%.

As the people from Vojvođanska Banka explained, the fixed interest rate in their offer amounts to 4.9%.