OptionPrivate sector
Interest rate12.00 %
Maturityup to 60 months
Maximum amount15.000 EUR
Early liquidation fee0%
Administrative feeup to 10,000 EUR – 65 EUR

above 10,000 EUR – 116 EUR

Mode of repaymentmonthly

Collateral

Administrative restriction from both applicant and guarantor/s
Signed bill of exchange from both applicant and guarantor/s

Guarantors/Co-debtors

At least 6 months on the current job position
Monthly instalment must not exceed 50% of guarantors monthly income
Maximum of 65 years at the moment of last installment

Special condition:

The value of an annuity: a maximum of 50% of earnings that is less than or equal to 3 minimum wages in Montenegro or a maximum of 50% of earnings in excess of the value of three minimum wage in Montenegro minus current liabilities. Deviations from these rules are only possible if you provide additional guarantors and / or co-debtors.

The Bank reserves the right to approve the loan to regular customer without guarantors, and also to the customers without previous commercial history to require one or two guarantors / co-borrower, insurance or other form of additional security

Total loan amount5.000 €
Number of monthly installments60
Monthly installment109.65 €
      1. Loan processing fee65.00 €
      2. Cost of two RKB reports6 €
      3. Cost of four bills of exchange8 €
Nominal interest rate12.00 %
Effective interest rate12.78 %
Total interest1,579.00 €
Total costs*1,658.00 €
Total repayment6,658.00 €

*The loan calculator is informative. The costs involved in the processing of the loan are shown in a representative example.

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