'Construction loan with no involvement: the bank will give you the option on one condition!'

Many people in Serbia often take various loans to buy an apartment or a house, but experts in the field say that citizens do not have much knowledge about lending itself.

One of the ways to buy an apartment is a mortgage loan with no down payment with a mortgage, the only way to get it is for compatriots to have two properties on which the bank can put a mortgage.

When it comes to mortgage loans in our country, experts say that such loans do not exist in Serbia, and banks offer the possibility of a mortgage loan where real estate is a guarantee for the loan.

First of all, in order to get any mortgage loan, a person must be in a permanent job'. 'or be retired. Only after these conditions are met is the credit capacity of the client calculated, i.e. the maximum loan amount.

Also, in most cases, the loan requires a down payment of at least 20 percent.

There are banks in Serbia that will allow you to get a mortgage loan without a down payment, but then they will require customers to put a mortgage on the property they are buying and on another property that is owned by them or the family. The idea is that the value of the property they have mortgaged is 20 or 30 percent higher than the value of the loan amount the customer is getting.

Citizens can buy an apartment or house with a mortgage loan without''down payment and deposit with an additional cash loan when the bank provides them with an additional cash loan so that they have enough money to lend.

When it comes to no down payment mortgages, banks have loan calculators on their websites so customers can calculate everything about the loan.

People can also buy an apartment or house from''States, for example, at Stjepe Stepanoviće, Zemunski Gate or Dr. Ivan Ribar on Novi Belgrade, the cost per square meter of which is slightly cheaper than that of private investors. The purchase contract is similar to the one with a private investor.

Citizens also have the opportunity to buy apartments in installments from investors, and often in this case the money is paid as the construction of the housing project progresses.

The apartment can be bought from parents on credit, if, for example, there are several children in the family, it is possible for one child to buy out the real estate of the parents from the others, so that brothers and sisters are "bought out" so that the apartment remains in the ownership of one child.