Mortgage loan Prima Casă Plus
MDL 2,500,000
Up to 30 years
6.7% (floating)
from 7.22%
1%
0.4%
Credit Calculator Advantages of the “First Home Plus” program
No own contribution (0%);
The loan amount can be equal to the value of the real estate purchased (pledged);
We offer up to 2 500 000 MDL;
You are insured by the Government up to 70% of the loan balance;
We accept several types of income (e.g. notaries, lawyers, bailiffs, freelancers, etc.);
We take into account income from working abroad and income from remittances;
We take into account the income of your spouse or first-degree relative (if necessary);
Refinance the loan from a different creditor on better terms.
How to get the loan
Citizen and resident of the Republic of Moldova, with income from official sources.
The maximum age of the Applicant – Borrower/Co-Debtor on the due date of the loan shall not exceed the standard retirement age for the age limit set by the legislation.
Employed in the Republic of Moldova or abroad for at least 6 months and at the current job for at least 4 months.
The sum of monthly payments on all loans currently held in all banks, non-bank lending organizations, including the requested loan shall not exceed 70% of the Applicant’s (Borrower/Co-Debtor’s) cumulative net official income.
The surface area of the dwelling, solely owned by the Applicant (Borrower) and/or jointly owned with other family members, has a habitable surface area of 50 square meters or less.
First home loan is granted to individuals for:
Purchase of rental real estate (in the form of apartments or individual dwelling houses), registered with the Public Institution “Cadastre of Immovable Property” with the right of ownership.
Refinancing of loans granted for the purchase of residential property under the State Program “First House”.
Valid identity card.
Certificate IP “Cadastral of Immovable Property” on the property owned.
Excerpt from the Real Estate Register for the real estate to be purchased.
Valuation report of the property being pledged drafted by an independent valuation firm.
Other documents, as the case may be.
Compare loan products
financed project
up to 100% of the project value
*Representative example: For a loan of 2 000 000 MDL, contracted for a period of 360 months, the annual interest rate (floating) will be 6,7%, monthly payment – 13170.21 MDL, effective annual interest rate – 7,22% (includes the guarantee fee and the unique granting fee), and total amount to be repaid – 4 761 274.70 MDL.
We inform you that by contracting a loan you are responsible for its repayment. Thus, we recommend that you check your ability to pay.
Manage your money carefully. Make sure you pay your loan on time.
The asset proposed as pledge will be insured in favor of the Bank against all risks of loss and accidental damage, for the entire period of the loan. In case of non-presentation of the proof of payment (partial or full – as the case may be) of the insurance premium (insurance policy of the Real Estate and the confirmatory document of payment of the insurance premium) and/or the Insurer’s denial of the validity of the insurance contract will refuse to grant credit.
FAQ:
The customer can take only one loan within the “First Home Plus” Program.
The application can be submitted online, on the website or at any subdivision of the Bank.
The loan is repaid monthly through the mobile application, Web Banking, at Cash-In ATMs or at any subdivision of the Bank.
By transfer to the current account.
The interest is charged to the balance of the loan to date and is calculated daily from the date of disbursement of the loan up to and including the date of full repayment of debt on the loan, based on the 365-day calendar year (366 days in a leap year). If the Loan Agreement provides for a grace period for interest calculation, the interest is calculated from the date immediately following the last day of the grace period set out in the Individual Loan Agreement.
The floating interest rate shall be changed (both for increase and reduction) twice a year: on January 1 and July 1 of each year, depending on the change in the Reference Index, without the need to sign an additional agreement to the Contract.
For the period from July 1 to December 31, the loan interest rate shall be calculated on the basis of the Reference Index published by the NBM for the month of May of the current year. For the period from January 1 to June 30, on the basis of the Reference Index published by the NBM for the month of November of the previous year.
The Bank shall inform the Borrower about the change in the Reference Index by publishing it on the Bank’s website www.micb.md and at all the Bank’s offices and, where applicable, sending the information through remote servicing systems (e.g. MICB web/mobile banking), 10 days prior to the effective date of the change.
At the same time, within 10 days after the change in the loan interest rate, the Bank shall send to the Borrower (by e-mail or through the remote servicing systems or postal services) the amount of payments to be made after the entry into force of the new interest rate. If the number or frequency of payments will be changed, the respective information is sent, too.
The debtor may repay the loan at any time, in advance, in whole or in part, without being charged with the early repayment fee, unless otherwise provided in the Individual Loan Agreement.
If the date of payment according to the repayment schedule is a non-business day, the Borrower may make that payment on the immediately following business day, in which case the balance of the credit will be reduced on that date. At the same time, the Borrower may ensure the transfer of funds to the Current Account related to the credit opened with the Bank, on the business day prior to the date of payment according to the schedule, in order to reduce the credit balance exactly on the date indicated in the payment schedule and to further calculate the interest on the reduced balance.