EKO DOM loan for energy efficiency – Universal Capital Bank AD Podgorica

Bank approves loans to residents up to 68 years of age in the moment of complete loan repayment.

	EKO DOM LOAN
Max loan amount	up to 50.000,00 EUR
Nominal interest rate	6.50 %
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 66.00 EUR from 10,000.00 EUR to 25,000.00 EUR fee is 117.00 EUR over 25,000.00 EUR fee is 148.00 EUR

Security instruments

For amounts up to EUR 15,000.00 – without guarantors; life insurance policy optional,
For amounts from EUR 15,001.00 to EUR 20,000.00 – one guarantor, optional life insurance policy,
For amounts from €20,001.00 to €25,000.00 – two guarantors,
For amounts from €25,001.00 to €50,000.00 – Mortgage, life insurance policy optional;
Administrative ban on the earnings of all participants in the loan;
Promissory notes signed by all participants in the loan with promissory authorizations;

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	10,000 €
Number of installments	60
Monthly instalment	194.85 €
Loan processing fee	66.00 €
CBCG registry access fee	3.00 €
Two bills of exchange fee	4.00 €
Nominal annual interest rate	6.50 %
Efective annual interest rate	6.82 %
Total interest	1,691.00 €
Total costs*	1,764.00 €
Total amount of repayment	11,764.00 €

*Note: The total costs represent the sum of interest for the entire period (1,764.00 euros), the cost of the loan approval fee (66.00 euros), the fee for two promissory notes (4 euros), inquiries to the CBCG Credit Bureau (3 euros). The total repayment amount is 11,764.00 EUR

A representative example is shown on the example of the calculation from 28.10.2024.