Following the introduction of new economic measures in Serbia, citizens have shown strong interest in loans with lower interest rates. Banks are expected to update their offers by September 15, with Poštanska štedionica already offering rates below the legally prescribed minimum.
The measures cover cash and consumer loans, refinancing of existing loans, and housing loans for employees earning up to 100,000 dinars and pensioners, aiming to ease household financial burdens.
Key loan conditions under the new measures:
- Cash and consumer loans up to 1,000,000 dinars: interest reduced by 3 percentage points, minimum 7.5%.
- Refinancing existing loans: same benefits.
- Pensioners with life insurance: minimum rate 10.5%.
- Housing loans for first-time buyers: discounts up to 0.5 percentage points.
- Loan processing fees waived for loans approved within one year.
Poštanska štedionica offers particularly favorable terms:
- Cash/consumer loans: 5.99% (previously 7.5%)
- Refinancing: 6.45% (previously 7.77%)
- Loans with life insurance: 9.99% (previously 13.5%)
- Housing loan margin: 2.15% (previously 2.65%)
- Loan processing: free until January 2026
Expected savings for borrowers are significant:
- Cash loans: monthly payments can drop by up to 16%, saving up to 200,000 dinars over the loan term.
- Housing loans: total repayment savings can exceed 9,000 euros.
- Total estimated savings for citizens over the next five years: around 40 billion dinars, with 12 billion in the first year alone.
The measures provide substantial relief for lower-income households and pensioners, offering cheaper loans, easier refinancing, and more accessible housing credit. Experts caution, however, that borrowing should still be carefully planned to avoid over-indebtedness.
