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Promotional denar loan for purchase or construction of immovable property


PROMOTION UP TO 30.06.2018 

- Denar housing loan with 4,5% annual fixed interest rate for the first 3 years and 6,46% annual variable for the rest of the repayment period.

- 0% fee for approving and administering of all newly approved applications for denar housing loans.

- free of charge for estimation of value of the security instrument for all newly approved applications for denar housing loans.



Loan purpose
  • Purchase, construction, additional construction or reconstruction of flat, house or business premises
  • Purchasing construction land
  • Refinancing another housing loan
Loan amount Depends on the client’s creditworthiness and mortgage value
Loan term
  • up to 18 years for purchase, construction or reconstruction of business premises
  • up to 30 years for all other purposes


Down payment

- minimum 30% from purchase price of an apartment if it is subject of mortgage

- minimum 15% from purchase price of an apartment if it is subject of mortgage and is purchased from construction companies the Bank has concluded Business Agreement with.*

Grace period Possibility of a grace period of 12 months.The Bank shall calculate and charge only grace period interest for the duration of the grace period.
Nominal interest rate 
4,5% annual fixed for the first three years
6,46% annual variable for the rest of the repayment period (reference interest rate of 2.17% increased for 4.29%)*
* The reference interest rate shall be the rate announced and available on the web site of NBRM (www.nbrm.mk) each 25.06. and each 25.12. under the name “interest rate for denar deposits without currency clause” and shall apply for the current six-months period (until the end of the respective six-months period). Current applicable reference interest rate is 2.17%. The Bank shall regularly announce the applicable reference interest rate for interest calculation at its web site.
Annual rate of total expenses (RTE)
From 5,83% to 6,13% p.a.

(RTE extent depends on the loan repayment period, loan amount, the amount of the loan costs that are included in the calculation of RTE and the extent of the nominal interest rate). Notary costs, the costs for registration of the lien in the appropriate public register and the costs of insurance of the pledged immovable property against fundamental risks are not included in the calculation of RTE and are on the account of the borrower.
Early repayment Free of charge for early partial or full loan repayment
  • The monthly instalment should be covered by 1/2 of the applicant’s monthly net-income. Other annual or monthly incomes that are subject to taxation, in accordance with the Law on Personal Income Tax, and may be documented, shall also be considered as monthly incomes.
  • The age of the Borrower should not exceed 70 years with the last monthly instalment
  • Another 2 applicants may join the main loan applicant, who need not to be family related but must be creditworthy.
    The funds from the loan are disbursed to:
    1. The seller:
  • when the seller is a legal entity
  • when the seller is an individual, if the immovable property, which is subject to purchase/sale is put under mortgage
    2. The Applicant:
  • when the seller is an individual, if other immovable property is put under mortgage
  • for adaptation and renovation

Loan costs

    Fee for loan approval and administration
  • 0% on the loan amount for the denar housing loan (in the promotional period until 30.06.2018)
  • 400 denars for loan application and processing
  • Charges for the grace period interest (the grace period interest rate is calculated from the date of disbursement of funds till the date of commencement of repayment at interest rate equal to the interest rate of the loan)
  • MKD 0 for evaluation of property mortgaged (in the promotional period until 30.06.2018)
  • Charges for evaluation of property mortgaged (more on link) for a housing loan approved for refinancing of the existing housing loan by the Bank
  • Notary and Lawyer’s expenses for the Lien Agreement shall be in accordance with the applicable Tariff.

  • Charges for registration of the lien in favour of the Bank in the appropriate public book

  • Charges for insurance policy for the pledge object against fundamental risks
  • monthly instalments
  • maturity of annuity - on the 16th day of each month
  • Mortgage on real estate in value up to 140% of the loan amount (the mortgage may be related to the property subject of purchase or to the other property owned by the applicant or by other person)
  • Administrative ban on salary
  • Insurance policy of the pledged immovable property assigned in favour of the Bank, being renewed through the overall loan validity
  • Loan application
  • Copies of valid identity cards for all participants in the loan
  • For employees in private companies acceptable for the Bank, form PP53 (Declaration for receipt from PRA) for the previous three months and solvency of the giro account with the bank they are clients to (for clients of the Bank solvency is not required)
  • For pensioners – the latest pension cheque
  • Notarized purchase/sale pre-agreement or complete technical documentation with approval for construction and amount of the funds needed
  • Birth/marriage certificate for the borrowers
  • Property specification sheet for the estate offered as security
*Construction companies the Bank has business cooperation with:
  • Adora Inzenering Skopje
  • Aksis Konsalting DOO Strumica
  • Aktiva DOO Shtip
  • Apeks Plus DOOEL Skopje
  • Bisi DOOEL Skopje 
  • Glic DOOEL Kicevo
  • Glic DOOEL Kicevo/MD Invest Proekt DOOEL Skopje 
  • Golden Art Skopje
  • Dabar Skopje
  • Elita Invest Skopje
  • ZSF DOOEL Skopje
  • Impeksel 2 DOOEL
  • Kapitol Inzenering Skopje
  • Kat Kostov DOO Skopje
  • Hrising FS DOOEL Skopje 
  • Mega Kumanovo/Akustik Skopje 
  • Multi Ofis DOOEL Skopje
  • Nastel Skopje
  • Novogradba DOO Skopje
  • Ogut Izgradba DOOEL Skopje
  • Palkom Invest DOOEL Skopje 
  • Pelagonija Strumica/Total Inzenering Strumica
  • River Development DOOEL Skopje
  • Rojal Vase Probishtip
  • Sara - 4 DOOEL Skopje
  • Trgocement DOOEL Veles
  • Turmak AD Istanbul- Skopje Subsidiary (Cevahir Sky City) – More
  • UPM Grup/Hromak Kumanovo
  • Urban Invest Kavadarci
  • Florastat DOOEL Skopje
  • Formlab DOO Skopje
  • Hrising/Lutariko DOO Skopje
Komercijalna Banka shall keep its discretion right to reject the loan application

Contact persons

Natasa Baljuk Ristovska, Head of Loan Approval and Disbursement Unit
Phone: (+389 2) 3168-290
e-mail: natasa.baljuk.ristovska@kb.com.mk

Julijana Nikcevska, Loan Approval and Disbursement Control Officer
Phone: (+389 2) 3168-298
e-mail: julijana.nikcevska@kb.com.mk