Consumer loan / Refinancing of consumer loan

Key feature 
  • From EUR 150 to EUR 10.000
  • Repayment period from 3 to 60 months
  • Nominal interest rate from 6,25% (fixed)
  • Effective interest rate from 6,43%
  • Bank fee up to 2% of the loan amount



Security instruments
  • Administrative withholding order on salary/pension of a client/guarantor
  • Bill of exchange and bill authorization signed by a client/guarantor
  • Bill of exchange and bill authorization of a legal entity if a guarantor
  • For the clients from Group III for the amounts up to EUR 5.000 1 guarantor is required, and for the amounts over EUR 5,000, two or more guarantors.
  • For the clients from Group IV (who do not receive their salaries through the Bank) if their employer is classified in Group . or II for the loan amounts of up to EUR 5.000, a guarantor is not required. In other cases (from Group IV) depending on the amount and repayment period, it is necessary to have 1 or more guarantors, and the interest rate is up to 18%.

* * 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

60 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 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: