Mortgage loan

Key feature  
  • From EUR 5.000 to EUR 100.000
  • Repayment period from 3 to 120 months
  • Nominal interest rate: fixed of 9,45%
  • Effective interest rate from 9,87%
  • Bank fee from 1.5% to 2% of the loan amount


Security instruments
  • Bill of exchange and bill authorization signed by a client
  • First rank mortgage in favor of the Bank, LTV minimum 1:3
  • Property insurance policy

* * 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

First rank mortgage

Bill of exchange and bill authorization

Property insurance policy

Representative example

Representative example

Loan amount

€ 20.000

Repayment period

120 months

Nominal interest rate


Monthly installment


Administrative fee

€ 300

Effective interest rate


Total debt

€ 30.986,40

* 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 example above did not include costs of real estate appraisal and property insurance cost.

** 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: