Decision of the National bank of Serbia of the temporary limitation of interest rates for loan agreements concluded with retail clients-starting from 01.01.2025.

In accordance with the Decision of the National bank of Serbia of the temporary limitation of interest rates for loan agreements concluded with retail clients (’’Službeni glasnik RS’’, number 102/2024) – hereinafter: Decision which prescribes temporary measures and activities in order to preservation of the stability of the financial system in order of temporary limitation of interest rates which Banks are obliged to apply in loan contracts concluded with retail clients, HALKBANK a.d. Beograd informs clients that starting from January 1st 2025 until December 31st 2025. interest rate restrictions will be applied namely:

1. 1. The variable interest rate for the Agreement that refers to the loans can not be higher than 14.75% for loans in dinars, or 7.05% for loans in dinars indexed in foreign currency and loans in foreign currency. The efective interest rate of the loan agreement at the time of its conclusion can not currently be higher than 15.75% for loans in RSD i.e. 13.15% for loans in dinars indexed in foreign currency and loans in foreign currency i.e. the legal default interest rate increased by two percentage points.
   
   
2. 2. The variable interest rate for the Agreement that refers to the housing loan contract, i.e. a fixed interest rate cannot be agreed in a value higher than 5%.  The effective interest rate for housing loan contracts at the time of its conclusion cannot currently be higher than 9.25% for loans in RSD i.e. 6.65% for loans in dinars indexed in foreign currency and loans in foreign currency, i.e. the legal interest rate minus 4.5 percentage points.
   
   
3. 3. The effective interest rate for the Agreement that refers to the using of credit cards, at the time of its conclusion cannot currently be higher than 17.75% i.e. the legal default interest rate increased by 4 percentage points. For the contracts that are concluded before the implementation of the Decision it will be applied nominal interest rate that is currently at the level of 17.75% and which can not be higher than the effective interest rate from paragraph 1 of this point.
   
   
4. 4. The effective interest rate for the Agreement that refers to the overdrafts at the time of its conclusion cannot currently be higher than 19.75% i.e. the rate of legal default interest rate increased by 6 percentage points. For the contracts that are concluded before the implementation of the Decision it will be applied nominal interest rate that is currently at the level of 19.75% and which can not be higher than the effective interest rate from paragraf 1 of this point.
   
   
5. 5. Another issuing (reissuance) of a credit card, i.e. the extension of the permitted overdraft in the terms of points 3. and 4. constitutes the conclusion of the contract on the credit card i.e. on the permitted overdraft.
   
   
6. 6. Regulations from the points 4. and 5. of this dispatch which refer to the permitted overdraft of the account are accordingly applied to the unauthorized overdraft of the account.

If, in the case of a loan agreement with a variable interest rate from point 1, on the agreed date of adjustment, that rate is higher than the interest rate from that point, the Bank is obliged to apply the rate from point 1. of this dispatch.