The 12 banks are Zagrebacka Banka-Prva Stambena Stedionica, Istarska Kreditna Banka, Raiffeisen Banka-Stambena Stedionica, Raiffeisen Banka, Zagrebacka Banka, Hrvatska Postanska Banka, Privredna Banka Zagreb, Volks Banka, Hypo Alpe Adria, Erste Bank and Splitska Banka.
An interest rate of 4.95 percent on loans for the purchase of apartments to be subsidised by the government will be in place in the first four years.
The conclusion of the first loan agreements can be expected in the coming days and the first loans are expected to be issued in May.
In February, Construction Minister Branko Bacic said that HRK 22 million had been set aside in the state budget for subsidies for first-time flat buyers and estimated that about 760 flats could be sold in this way.