Loan for pensioners with life insurance policy / Refinancing of cash loan for pensioners

 
Key feature 
  • From EUR 300 to EUR 20.000
  • Repayment period from 3 to 180 months
  • Nominal interest rate from 6,45% (fixed)
  • Effective interest rate from 6,95%
  • Bank fee up to 1,50% of the loan amount
  • Quick and easy way to get loan

 

 

Security instruments
  • Administrative withholding order on pension of a client
  • Bill of exchange and bill authorization signed by a client
  • Life insurance policy endorsed in favor of the Bank

* * 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

€15.000

Repayment term

96 months

Nominal interest rate

6,45%

Monthly repayment

€200,41

Administrative fee

€150

Effective interest rate

6,95%

Total debt

€19.239,36

* 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 Bureau of EUR 3.50. The cost of life insurance policy is not included in the EIR.


** The data on this loan may vary depending on the client's solvency and costs of life insurance policy. 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