Loan for payment of communal equipping of the buildable land

Key feature  
  • From EUR 1.000 to EUR 50.000
  • Repayment period from 3 to 120 months (a mortgage is required for a period longer than 96 months )
  • Nominal interest rate: fixed of 6,05%
  • Effective interest rate from 6,22%
  • Bank fee  up to 1.50% of the loan amount



Security instruments
  • Administrative withholding order on salary/pension of a client/guarantor
  • Bill of exchange and bill authorization signed by a client/guarantor
  • First rank mortgage in favor of the Bank (for amounts over EUR 15.000)
  • Property insurance policy endorsed in favor of the Bank
  • For the clients from Group I and II, a guarantor is necessary if the repayment period of the loan is longer than 60 months and amount higher than EUR 10.000.
  • For the clients from Group III for the amounts up to EUR 5.000, one guarantor is required, and for the amounts over EUR 5.000, two or more guarantors.

* * 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

€ 10.000

Repayment period

120 months

Nominal interest rate


Monthly installment


Administrative fee

€ 100

Effective interest rate


Total debt

€ 13.352,40

* 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 does not include real estate appraisal cost  and property insurance policy costs.

** 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: