Standard cash loan / Refinancing of standard cash loan

Key feature
  • From EUR 300 to EUR 15.000
  • Repayment term: from 3 to 96 months
  • Nominal interest rate from 6,25%
  • Effective interest rate from 6,44%  
  • Bank fee: up to max. 2% of the loan amoun



  • Administrative withholding order on salary/pension of a client/guarantor(s)
  • Bill of exchange and bill authorization signed by a client and guarantor
  • Bill of exchange and bill authorization from 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 I or II for the loan amounts of up to EUR 7,000, 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


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 the Montenegrin Credit Registar  enquiry 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: