Cash loan with mortgage / Refinancing of cash loan with mortgage

Key feature 
  • From EUR 500 to EUR 200.000
  • Repayment period from 3 to 240 months
  • Nominal interest rate: fixed of 6,00%
  • Effective interest rate from 6,17%
  • Bank fee up to 2% of the loan amount
  • Quick and easy way to get loan



Security instruments
  • Administrative withholding order on wage/pension of a client/guarantor, Lease Agreement or other source of income that could be considered as primary income
  • Bill of exchange and bill authorization signed by a client/guarantor
  • First rank mortgage in favor of the Bank
  • Property insurance policy
  • Life insurance policy
  • Life insurance policy is not obligatory, but in case it is not used as security for the loan, interest rate shall increase by 0.3%.

* * 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

€ 50.000

Repayment term

240 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 enquiry in the Montenegrin Credit Registar of EUR 3.50. The cost of life insurance policy, property insurance policy and real estate appraisal cost are not included in the EIR.

** 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: