Guarantee scheme | NKBM

The guarantee scheme is intended for borrowers whose creditworthiness is generally low and, according to the Decision of the Council of the Bank of Slovenia, who are not creditworthy to obtain a loan. The Republic of Slovenia will issue a loan guarantee to the bank in the amount of a maximum of 200,000 euros and with a term of up to 30 years. Thus, it will enable you to rent a loan, but you will have to secure it with a mortgage on the property that is the subject of financing and ensure your participation in the amount of at least 20 percent of the loan principal.

The ZSJSM defines two groups of borrowers who are entitled to loans under the JS:

• Group a) A loan from JS can only be granted to a borrower if his average salary in the three months before submitting the loan application is equal to or lower than 1.5 times the last average monthly net salary in the Republic of Slovenia on the day of applying and his total taxable income according to the law governing income tax, who are not exempt from paying income tax in the year before taking out the loan, did not exceed 1.5 times the last known average net salary in the Republic of Slovenia on the day of applying.
• Group b) The loan can be obtained by a member of a young family. A young family is a living community of both or one of the parents with one or more children/adopted children who will have permanent residence at the address of the property that is the subject of financing with this credit according to JS, where at least one child is not yet of school age in the calendar year of applying for credit under this Act.

A citizen of the Republic of Slovenia of legal age with permanent residence in Slovenia, who will not be older than 38 in the year of the issue of the guarantee and who also meets the following conditions, can obtain a loan:

• Renting a loan as a solution to the first housing issue.
• The borrower and a member of his family (spouse, common-law partner, children/adopted children who will have a permanent residence at the address of the property that is the subject of financing with credit according to JS) is not the owner of a suitable property or that he/she is/are the owner of a property whose usable area is smaller than the lower limit of the apartment area range.
• The borrower ensures his participation in the amount of at least 20% of the loan principal.
• He rents the loan with a guarantee under this law only from one bank.
• Rent the loan under this law only once.

The conditions, criteria, and procedures stipulated by the Act are specified in more detail in the Regulation on the Implementation of the Act (Official Gazette of the Republic of Slovenia, No. 75/2022).