How to get a mortgage loan in Croatia (for 2021)

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While living in Croatia, you may make the big decision to purchase a home and discontinue renting. To purchase a home, most people must acquire a mortgage loan (called “hipotekarni kredit” or “hipoteka”) from a Croatian bank to fund their home purchase.

Mortgage loans usually have lower interest rates and longer repayment periods than consumer credit, so they can be more cost-effective.

A mortgage is a huge long-term obligation and you have to be well informed about it. The process of applying for a mortgage within Croatia does hold similarities to other nations, however there are certain differences one should be aware of before getting started.

#1 Creditworthiness assessment

Every lender will conduct a creditworthiness assessment (called “procjena kreditne sposobnosti“) as a first step. The lender can approve the mortgage loan only if they are sure that you will be able to pay it off.

The lender will:

  • Examine your financial situation (assets and debts)
  • Examine the value of the real estate you wish to purchase
  • Request your income statements
  • Request proof of your intention to purchase, which is proven with a contract with the owner

It is important to know that a lender will likely reject your application if:

  • You want a mortgage to cover 100% of the property cost
  • The property you wish to buy is located outside of Croatia
  • You have temporary residency and are a non-EU national
  • Your source of income comes from outside of Croatia
  • You don’t have a registered address in Croatia

If you are a European Union member and you think that the lender discriminated against you based on your non-Croatian citizenship, you can:

  • Contact the bank (specifically, the complaints office) and ask for a written statement of all reasons for rejection.
  • Contact FIN-NET and ask for advice and help. This is a network for out-of-court settlement of financial disputes.

#2 Comparison and evaluation of offers

Before you decide on a lender, make sure you collect offers from several lenders as the terms can vary wildly from bank to bank. Every lender is obligated to provide you with an ESIS –  Europski standardizirani informativni obrazac (European standardized information form) together with the offer for the mortgage loan.

ESIS includes all the important information about the mortgage. This document will include:

  • Loan amount
  • Loan’s duration period
  • Interest rate type
  • Total amount paid once repayment is fulfilled
  • Effective interest rate
  • All expenses you have to pay regularly or on a one-time basis
  • Number of payments, frequency of payment, and amount of loan rates
  • Information on the prepayment terms and prepayment fees
  • An explanation of how changes in exchange rates could affect your mortgage loan (if your loan is paid in a foreign currency)

Collect several offers from different lenders and think about all the pros and cons of a single offer. Don’t hesitate to ask the lender for ESIS in case he didn’t deliver it together with the offer.

If you are receiving income into a Croatian bank account, it is possible that bank will give you the most favorable terms.

Check out our bank comparison of the top 7 banks in Croatia for some approximate mortgage interest rates.

#3 Offer examination period

The lender is obliged to give you a period of at least seven days for considering the offer.

The examination period is usually used for:

  • Considering the offer and deciding whether it is right for you
  • Canceling the loan agreement if you have already signed it
  • Combination of both

To be certain of your rights, check with the lender what the examination period includes because it can differ from country to country and from one bank to another.

#4 Repaying the mortgage before time

You should know that it is usually possible to repay the whole mortgage or just a part of the debt before term concludes. Doing that is positive because you won’t have to pay as much interest, lowering the overall cost.

It is important to note that the government strictly forbids any banks from charging penalties for paying off your mortgage early.

#5 Mortgage insurance

When getting a mortgage, you have the option to insure the loan. Mortgage insurance is valuable when unforeseen circumstances arise that affect your ability to pay back your debt on time. An accident, a fatality, a serious illness or job loss can happen to anyone. With mortgage insurance, you can protect yourself in cases such as these.

Some lenders may require mortgage insurance. As part of the mortgage application, the lender can prepare an insurance policy along with your mortgage agreement. However, you do not need to purchase this insurance through the same bank as the loan. You can seek out better offers from other insurers.

If you’re considering to get a mortgage loan, be sure to also check out these 11 things you must know about getting a mortgage.

Want to know more about buying real estate in Croatia? Check out our other property-related posts here.

Have you received a mortgage in Croatia? What was your experience like? Tell us in the comments.

Please note: All information provided by Expat in Croatia is only for the purposes of guidance. It does not constitute legal advice in any form. For legal advice, you must consult with a licensed Croatian lawyer. We can recommend one if you contact us.

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17 thoughts on “How to get a mortgage loan in Croatia (for 2021)

  1. Knut Westgaard
    September 3, 2020 @ 5:39 pm

    Do you know if the 3% tax for property transactions will be cancelled from 2021?


    • Expat in Croatia
      September 7, 2020 @ 11:00 am

      Hi Knut,

      No, I have not heard that. We only update these resources once the property tax is written into law as something can change at any time.




    • luka
      September 10, 2020 @ 3:07 pm

      Hey Knut. It’s going to be canceled probably after January 2021. Low economic activity and harder to get bank loans will be a big hit for the real estate market in Croatia.


  2. Marcel Kats
    December 20, 2020 @ 11:31 am

    Hey Luka
    By bank loans you mean mortgages?


    • Expat in Croatia
      January 3, 2021 @ 1:13 pm

      Hi Marcel,

      In this post we are referring to mortgages.




  3. Marcel
    January 12, 2021 @ 8:23 am

    Hi Sara
    Thanks for the response.
    Can you tell me, as an EU national which bank is most likely to grant a mortgage? What would you expect the downpayment to be?


    • Expat in Croatia
      January 12, 2021 @ 10:40 am

      Hi Marcel,

      Mortgage loans in Croatia will typically be 75% of the purchase price, so you will need to pay 25% in cash.

      If you don’t have Croatian income, then there are few banks that will grant a loan. You can try Wustenrot, which has been known to give mortgages to non-Croatians with foreign income.




      • Danielle
        July 6, 2021 @ 1:06 am

        Hi Sara, I’m hoping to buy real estate while still living and working in Canada ( for the time being until I can move there). So a lot of talk about Croatian banks not likely to give out mortgages to non-Croats with a foreign income, but I’m in the process of getting my Croatian citizenship. Once I have citizenship, would it help my chances in getting a loan while still making foreign income in Canada? It seems odd to me that they wouldn’t, as I make much more here than I would there, resulting in a certain mortgage repayment.


        • Expat in Croatia
          July 30, 2021 @ 12:31 pm

          Hi Danielle,

          Some Croatian banks will consider mortgages for Croatian citizens who have foreign income, but not all of them do. Erste Bank is one example. We are working on a more expansive post that goes over 15 banks and their mortgage policies. Stay tuned!




  4. Fred
    April 20, 2021 @ 4:46 am

    Hi, do you know if any banks in Croatia are willing to mortgage/ loan a North American if they are able to pay a larger down payment on the property such as 50%?


    • Marija Tkalec
      April 21, 2021 @ 3:53 pm

      Hi Fred,

      I’m not sure if this is possible just like that. Only a few banks will grant a loan if you don’t have Croatian income. Wustenrot has been known to give mortgages to non-Croatians with foreign income.

      You can always contact banks. Here you can find information and contact info of biggest Croatian banks here:

      If you are interested in more information, I’d recommend to schedule a 1-on-1 consulting session with Sara here:

      Warm regards,


  5. Kevin Macadam
    May 25, 2021 @ 2:25 pm

    Erste Bank will lend to foreigners at 60% loan to value. Ill email sara the info I got from them.


    • Marija Tkalec
      May 26, 2021 @ 4:09 pm

      Hi Kevin,

      Thanks soooo much, we appreciate your help! (: Keep tracking us.

      Warm regards,


  6. Branko
    July 19, 2021 @ 8:18 pm


    I am a dual citizen – US/Croatia. My father has a beach house and I would like to purchase it from him. I only have US based income. However, I make well over $250K a year and I’m looking to take out a $200K loan (which equates to 65% of the home value). Is this feasible? How are the mortgage rates in Croatia?



    • Marija Tkalec
      July 23, 2021 @ 12:06 pm

      Hi Branko,

      Mortgage rates in Croatian banks usually vary between 3% and 5 %. You can check current mortgage rates in Croatia in this article:

      Check Wustenrot. They are considering and granting mortgage loans to Croatian citizens with foreign income.

      Warm regards,


  7. Alex
    August 10, 2021 @ 4:15 pm

    Hi! What are the chances of getting a mortgage if you’re an EU citizen with incomes from the UK? What is the minimum deposit? Thanks


    • Marija Tkalec
      August 25, 2021 @ 4:52 pm

      Hi Alex,

      Mortgage loans in Croatia will typically be 75% of the purchase price. This means that you have to pay ~25% in cash.

      Since you don’t have Croatian income, a few banks will grant you a loan. You can try Wustenrot, which has been known to give mortgages to non-Croatians with foreign income. Find more info on banks here:

      Warm regards,


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