Standard cash loan with bimonthly repaymen

 
Key feature 
  • From EUR 300 to EUR 15.000
  • Repayment term: from 3 to 120 months
  • Nominal interest rate from 6,25%
  • Effective interest rate from 6,66%  
  • Bank fee: up to max. 2% of the loan amount

 

 

Security
  • Administrative withholding order on salary/pension of a client/guarantor(s)
  • Bill of exchange and bill authorization signed by a client/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

€15.000

Repayment term

120 months

Nominal interest rate

6,25%

Monthly repayment

€337,44

Administrative fee

€150

Effective interest rate

6,66%

Total debt

€20.246,40

* 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: krediti.fl@lovcenbanka.me