You submit your application online through e-stegastiko to get a mortgage loan from the bank of your choice, for the amount you want. After collecting the necessary financial details, FinTHESIS sends your application to the bank for assessment. To get loan pre-approval it is not necessary to have found a property.
Your application is assessed by the bank and after approval you get an official document about the loan amount you can get as well as about the time the pre-approval will remain valid.
After receiving the necessary supporting documents, the bank checks the legal and technical status of the property and estimates its commercial value, based on which the final amount of the loan will be determined.
Once the inspection of the property has been completed, you’ll receive the final approval letter and you can proceed with signing the property purchase agreement.
At this stage you need to submit to the bank the signed property purchase agreement and the certificate of registering the purchase agreement at the Land Registry or the National Cadastre. The bank checks the purchase agreement and again your file as a prospective borrower. Then, you sign the loan agreement which describes in detail the terms and conditions for granting the mortgage loan.
The mortgage lien registration is required for the disbursement of the loan. Once the relevant certificates have been issued, the loan can be disbursed.
