Raiffeisen Bank Polska S.A.
Updated: 6 March 2008
Special Conditions Mortgage Credit Award Offer by Raiffeisen Bank Polska SA for INPRO Customers
Credit purpose:
- purchase of a house/flat
- equipment for a house/flat
- refinancing of advance payments towards the purchase price of real estate
- additionally: repayment of other credit liabilities (up to 50% of purchase credit)
CREDIT DECISION. A final decision is issued within 7 days.
Documentation necessary for a credit decision:
- credit application
- identity card
- documentation concerning the Customer's income (depending in its sources)
- preliminary contract for flat purchase between INPRO and the Customer
- project documentation (to be completed by the Bank's representative)
Interest rates
- credit denominated in CHF - from 3.87%
- credit denominated in USD - from 5.89%
- credit denominated in USD - from 5.84%
- credit in PLN - from 6.8%
Repayment formulae:
- flat instalments
- decreasing instalments
Fees and commission:
- credit application review - PLN 0
- arrangement fee - 1.9 %
- advance repayment and overpayment- 1,5 % for three first years
- credit currency conversion - 0 %
- no fee for real estate valuation
- no fee for inspection of the land and mortgage register
We finance 120 % of the project value
- including 20 % for finishes and furnishings in the flat.
- we provide credit for bank charges (commission and premium) also for credit exceeding 100 % of the value of the investment.
Persons entitled to credit
- residents (with income obtained in Poland and abroad)
- non-residents (foreigners from EU and non-EU countries)
Maximum credit period: 35 years
- Customers must be under 75
Primary security:
- mortgage on real estate being credited
- assignment of rights under the house/premises insurance contract against fire and other misfortunes
Temporary security until the mortgage entry becomes valid in law:
- insurance for the transitional period (until the Bank is recorded in the land and mortgage register) no longer needed. The Bank's offer is applicable to situations where an insurance of the customer's small financial contribution is not required (i.e. 10% for PLN and 20% for CHF)
- credit insurance-0.84 % per annum on credit granted (part of the premium pertaining to unused months may be reimbursed)
Documentation necessary for verification of the Customer's income:
- ersons working on the basis of a contract of employment in Poland—a current statement from the employer (on the Bank’s form)
- persons working on the basis of a contract of employment abroad—a current statement from the employer (on the Bank’s form in English) and bank statement for the last six months with translation in Polish.
- persons running a business—documents compiled with reference to a list available from the Bank's representative.
Note:
- if credit is paid out in tranches, the Customers enjoy a grace period for principal repayment (only interest must be repaid)
- credit security may be established on real estate other than the item purchased
- completion of the military service by the applicant is not required.
Mortgage Credit Representative of Raiffeisen Bank Polska SA
Ms Monika Popkowska tel. +48 (0) 604 26 00 45
