Operating in accordance with the regulations of the National Bank of Serbia and the principles of responsible attitude towards clients, Banca Intesa 1.1.2025. begins with the implementation of the Decision on the temporary limitation of interest rates in credit contracts concluded with the user - a natural person, published in the Official Gazette of the RS, number 102, on December 23, 2024 (hereinafter referred to as the "Decision").

 

Housing loans

The decision stipulates that for existing and new housing loans with a variable interest rate, an interest rate higher than 5% cannot be applied, and that for new loans with a fixed interest rate, that rate cannot be agreed at a value higher than 5%. The effective interest rate of the housing loan contract at the time of its conclusion cannot be higher than the legal default interest rate minus four and a half percentage points. Currently, the effective interest rate, which includes all costs related to that loan (insurance, certification of pledge statement, mortgage registration fee, etc.) is limited to 6.65% for loans indexed in EUR currency, or 9.25% for RSD.
If the variable interest rate on the day of adjustment of that rate is higher than 5%, the Bank will apply an interest rate of 5% for the next repayment period, i.e. until the next adjustment of the nominal interest rate, about which a notice of application will be delivered or made available to clients and rates and a new repayment plan.
If on the day of adjustment of the variable interest rate, the agreed interest rate is lower than 5%, for the next repayment period, ie until the next adjustment of the nominal interest rate, the Bank will apply the agreed interest rate.

 

Cash and consumer loans

In addition to the limitation of interest rates for housing loans, the limitation of interest rates for cash and consumer loans is prescribed so that the variable interest rate for those loans approved in dinars cannot be higher than 14.75%, i.e. 7.05% for loans indexed in dinars in foreign currency and loans in foreign currency.
The effective interest rate of the loan agreement at the time of its conclusion cannot be higher than the legal default interest rate increased by two percentage points. Currently, the effective interest rate, which includes all costs, is limited to 15.75%.

Allowed overdraft per account

The effective interest rate of the contract on the permitted overdraft at the time of its conclusion cannot be higher than the legal default interest rate increased by six percentage points, which according to the latest data is 19.75%.
In addition, to contracts on the permitted overdraft that were concluded until 31.12.2024. a nominal interest rate of 19.75% per year will be applied, i.e. the contracted interest rate, if it is lower.

Credit cards

The effective interest rate of the credit card contract at the time of its conclusion cannot be higher than the statutory default interest rate increased by four percentage points, which according to the latest data is 17.75% for spending in dinars and 15.15% for spending in euros.
Additionally, starting from 1.1.2025. year, the Bank will apply the legal limit to contracts on the use of credit card limits concluded by 12/31/2024. as well as the effective interest rate limit when renewing a credit card as follows:
• For credit card limit usage contracts concluded by 12/31/2024. year, the Bank will apply a nominal interest rate in the maximum amount of 17.25% per year for spending in dinars and a nominal interest rate in the amount of 12.60% per year for spending in euros, that is, the contracted nominal interest rate if it is lower;
• When renewing a credit card, the Bank will apply an effective interest rate that is not higher than the legal default interest increased by four percentage points, which currently amounts to 17.75% per year for consumption in dinars and 15.15% per year for consumption in euros, i.e. the agreed effective interest rate if it is lower.

This Decision applies from January 1 to December 31, 2025.

For additional information, visit the website of the National Bank of Serbia.