Cash loan for seamen / Refinancing of cash loan for seamen

 
Key feature 
  • From EUR 500 to EUR 20.000
  • Repayment period from 3 to 120 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

 

 

Security
  • 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

€10.000

Repayment term

36 months

Nominal interest rate

5,75%

Monthly repayment

€303,07

Administrative fee

€100

Effective interest rate

6,66%

Total debt

€10.910,36

* 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: krediti.fl@lovcenbanka.me