The APN Real Estate Agency processed all 4,739 applications for home loan subsidies submitted in the sixth call, approving 4,464 and requesting additional information for 236, state agency Hina said on Monday, citing a press release from the Physical Planning, Construction and State Assets Ministry.

Nine applications were rejected and 30 persons scrapped their applications, the ministry said, adding that a new call was planned for next year.

Applications could be submitted from 29 March to 14 May. The average amount of a subsidized loan is €76,000, the average repayment period is 22 years, and the average age of the beneficiary is 32.

Effective interest is 2.17% on average, while the nominal interest rate is 2.8% annually.

The average monthly annuity is about €380, of which the monthly subsidy is about €127.

Applications in the sixth call could be submitted by persons under 45 who don’t own a flat or a house.

The amount of a subsidy depends on the index of development of the area in which a property is being bought or built and ranges from 30 to 51% of the loan.

The ministry said home loan subsides were also a demographic measure as they were extended for two years for every child born or adopted during the loan period. Subsidies are also extended for another year for every child in the family not older than 18 when applications are submitted.

Since 2017, when home loan subsidies were introduced, 22,010 have been approved, for which HRK 430 million from the state budget has been set aside.