Cash loan for seamen / Refinancing of cash loan for seamen

Key feature 
  • From EUR 500 to EUR 20.000
  • Repayment period from 3 to 96 months
  • Nominal interest rate from 5,75% 
  • Effective interest rate from 6,66%
  • Bank fee up to 1% of the loan amount
  • Quick and easy way to get loan



  • Administrative withholding order on salary/pension of a client/guarantor(s)
  • Bill of exchange and bill authorization signed by a client and guarantor
  • Bill of exchange and bill authorization from a legal entity, if a guarantor

* * The Bank reserves the right to accept an alternative security instrument if found acceptable and in line with the Bank's business policy.



 Required documentation

Representative example

Representative example

Loan amount


Repayment term

36 months

Nominal interest rate


Monthly repayment


Administrative fee


Effective interest rate


Total debt


* The total debt includes the loan amount, total interest, loan processing fee, cost of bill of exchange of EUR 2 and cost of the Montenegrin Credit Registar  enquiry of EUR 3.50.

** The data on this loan may vary depending on the client's solvency. For more information, please visit  a local branch of Lovćen banka AD or make an appointment by phone on +382 20 205 410 or send an e-mail to: