Loans for electric and hybrid vehicles – EKOMOBIL LOANS – Universal Capital Bank AD Podgorica

Bank approves loans to residents up to 67 years of age in the moment of complete loan repayment.

	EKOMOBIL LOAN
Max loan amount	up to 25.000,00 EUR
Nominal interest rate	5.99 %
Maturity	up to 60 months
Type of repayment	in accordance with income sources
One time loan processing fee	up to 10,000.00 EUR fee is 97.00 EUR over 10,000.00 EUR fee is 148.00 EUR

Security instruments

The right of lien on the vehicle that is the subject of the purchase and the CASCO policy of Grawe osiguranje are tied in favor of Universal Capital Bank, during the entire loan repayment period (all risk without participation). The cost of the CASCO insurance premium is borne by the Client.
Administrative order for all loan participants;
Blanco bills of exchange with authorization forms for all loan participants;
Notary certified statement of the loan beneficiary on the prohibition of alienation of the vehicle;
Additional security instruments may be required.

Napomena

Completed loan request form;
Employer’s confirmation of salary, suspensions from earnings and employee status (for other participants in the loan);
Photocopy of ID card for all participants in the loan (original for inspection).
Invoices.

TOTAL LOAN AMOUNT	25.000 €
Number of installments	60
Monthly instalment	481.31 €
Loan processing fee	148.00 €
CBCG registry access fee	3.00 €
Two bills of exchange fee	4.00 €
CASCO insurance policy (first year)	885.63 €
Pledge registering fee	50.00 €
Nominal annual interest rate	5.99 %
Efective annual interest rate	7.98 %
Total interest	3,878.60 €
Total costs*	4,969.23 €
Total amount of repayment	29,969.23 €

*Note: The total costs represent the sum of interest for the entire period (3,878.60 euros), the cost of the loan approval fee (148.00 euros), the fee for two promissory notes (4 euros), inquiries to the CBCG Credit Bureau (3 euros), the cost of the insurance policy insurance (for the first year – 885.63 euros), the cost of registering a pledge (50.00 euros)

A representative example is shown on the example of the calculation from 28.10. in 2024.