PROBANK Housing Loans offer a variety of programs to choose from, according to your requirements on time duration and either fixed or floating interest rate for the repayment.
Purpose: The purchase of an existing residence or an incomplete construction, the purchase of a site (for residence building) and the Construction, Extension, Completion, of an existing property.
Interest Rates: Floating interest rate 7.50%
Duration: Up to 35 years.
Financing: Up to 100% of the commercial value of the real estate property.
Currency: In Euro as in main foreign currencies.
Mortgage Value: 130% of the amount of loan. The loan amounts for purchasing finished or incomplete residences and building lots are released in one lump sum upon filling the mortgage. The loans amounts of all other categories are released gradually, depending on the progress of works, based on relative technical reports.
Repayment: PROBANK offers the flexibility on the choice for one, two or three monthly installments as the option for an installment waiver scheme.
Insurance Covers: Compulsory insurance against fire & earthquake for the value on which the mortgage is written on. We also offer you our new innovative insurance policy “PROBANK LIFE PROPOSAL”. With the security of your full loan repayment in case of loss of Life or Permanent Total Disability due to an unfortunate event of an accident or illness, ensuring protection for you and for the ones you love, with an extremely low cost.