Loan for tourist business / Refinance of loan for tourist business

Key feature  
  • From EUR 1.000 to EUR 30.000
  • Repayment period from 3 to 36 months
  • Nominal interest rate: fixed of 8,45%
  • Effective interest rate from 8,79%
  • Bank fee  from 1% to 2% of the loan amount
  • Fast and simple way to get a loan



Security instruments
  • Administrative withholding order on salary/pension of a client/guarantor
  • Bill of exchange and bill authorization signed by a client/guarantor
  • Bill of exchange and bill authorization of a legal entity if a guarantor
  • First rank mortgage in favor of the Bank
  • Obligatory resolution on business registration

* * 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

€ 20.000

Repayment period

36 months

Nominal interest rate


Monthly installment


Administrative fee

€ 200

Effective interest rate


Total debt

€ 22.710,24

* 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: