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 96 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


Repayment term

96 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 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: