Legalization loans

In recent years, the state has been systematically working to curb illegal construction. Particularly striking are the facilities in Dalmatia that far exceed the national average. By 2011, all owners of illegally constructed buildings are required to legalize them. The deadlines for legalization have been extended several times, and citizens are most alarmed by the high cost of legalization, which has introduced specially designed loans for legalization to the market. However, penalties after June 30, 2018, by which illegally constructed facilities could be legalized, unless the government renews the deadline again, amount to between HRK 500 and 10,000.

When legalizing objects, it is first necessary to make an architectural and geodetic survey of the object itself. The price of these services depends on several factors: the size of the area, the location, the number of objects to be legalized and the complexity of the object itself. Thereafter, a fee is paid for keeping the building illegally constructed in the premises, which is equivalent to penalties for illegal construction. In addition to all the above, citizens who legalize the facility are obliged to pay both water and communal contributions.

What can be legalized?

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In addition to residential buildings, citizens can legalize garages and auxiliary buildings. Of course, if the objects are smaller than 50 square meters then they are legalized as ancillary buildings in the function of the main building (apartment or house) which is legalized. Equally, in the case of sheet metal and wooden contractions that do not have a solid foundation, the same objects do not need to be legalized.

What is the cost of legalization?

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Legalization costs range from HRK 10,000 to tens of thousands. The price depends on the location, square footage, type of facility (business or residential) and the amount of water and utility contributions that vary by county. In line with the extremely high costs, special loans for legalization intended for this purpose appeared on the market.

In addition to banks, credit houses also offer their customers loans for legalization. Most often, these are smaller amounts with a short repayment period that customers can request online. This is also one of the main advantages of a credit home business. Legalization loans are only a few clicks away without leaving the house. Banks have only partially transferred their business to the Internet, but much of the documentation can only be settled in branch offices, which very much contradicts the hectic lifestyle.

What do banks offer, and what do loan companies do?

What do banks offer, and what do loan companies do?

The banks in their offer have loans for legalization that are intended solely for what is in their name. About 50 percent of the funds are disbursed on purpose, and 50 percent only after delivery of the solution. This prevents unintended spending of funds. The interest rate on such loans is the most variable and the repayment period depends on the amount itself. For smaller amounts with legalization loans, no security instruments are required, while larger banks require some guarantee in terms of guarantor or deposit.

When applying for a legalization loan, minimal documentation is usually required, which includes a copy of the identity card and current account card, and if it is a larger amount, payroll or pension lists must be submitted. After that, the contract is signed and if all is well, the loan will be paid within 24 hours of submission of the request.

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