Loan terms for property purchases in Croatia: A guide for Croatians living abroad and foreign nationals

Purchasing property in Croatia can be complex for citizens living outside the country as well as for foreign nationals without residence permits. Here is an overview of the main lending terms available to Croatians who live and work abroad, as well as to foreign nationals looking to invest in the Croatian real estate market.

1. Loans for Croatians Living and Working Abroad

Croatian nationals who live and work outside Croatia, specifically those residing and employed in the European Union, European Economic Area (EEA) countries (Iceland, Liechtenstein, and Norway), and the Swiss Confederation, may be eligible for home loans in Croatia. Here are the key details:

Loan Amount: The loan can cover up to 80% of the appraised property value.

Maximum Loan Amount: Loans are typically capped at €400,000 to €450,000. While exceptions for loans up to €800,000 may be considered, approval is less certain.

Interest Rates: Current interest rates range from 3.69% to 4.19%.

Loan Type: Only mortgage-backed loans are available.

Age Limit: The maximum age for loan repayment is typically 67 years, though some banks allow repayment up to 75 years of age.

Loan Term: The maximum loan term is 30 years.

Insurance Requirements: Property insurance is mandatory, and some banks also require accident or life insurance.

These terms provide a straightforward financing path for Croatians living abroad who wish to purchase real estate in Croatia, with competitive interest rates and flexible repayment options.

2. Loans for Foreign Nationals

For foreign nationals without Croatian residence permits, loans are only available for EU citizens. Additionally, some banks only finance nationals from EU countries where the euro is the official currency.

Loan Amount: The loan can cover 50% to 70% of the appraised property value, depending on the bank and loan size. A minimum of 30% equity is required from foreign buyers.

Maximum Loan Amount: The loan amount is capped at €400,000 to €450,000.

Interest Rates: Current interest rates range from 3.89% to 4.19%.

Loan Type: Only mortgage-backed loans are available.

Age Limit: The maximum age for loan repayment is 67 years.

Loan Term: The maximum loan term is 30 years.

Insurance Requirements: As with Croatian citizens, property insurance is mandatory, and some banks may also require accident or life insurance.

Purchasing property in Croatia is an excellent investment opportunity for Croatians living abroad and for foreign nationals. Our real estate agency offers expert assistance at every stage—from property search and appraisal to collaboration with financial and legal advisors. Contact us to help you turn your plans for Croatian real estate into a reality!