Student Loans are granted to citizens of Montenegro. All regular students and postgraduates can apply, as well as applicants for a master’s degree abroad. Student logbook, a university pro-forma invoice and a copy of the personal ID must be provided with the loan application form.

OptionStudent Loan
Loan amountup to 10,000.00 EUR
Nominal interest rate7.50 % – 8.50 %
Maturity* (including grace period)up to 60 months
Grace periodup to 12 months (intercalary monthly interest)
Repaymentin monthly instalments
One-time fee0 %


  • Attachment of Salary or Garnishment on the earnings of the Guarantor;
  • Bill of exchange signed by all loan participants with draft authorisation;
  • Bank may also request additional collaterals in the form of statements, authorisations etc.;

The Bank reserves the right to not approve the loan or to ask for additional security instruments in accordance with borrower’s credit history.


  • Full-time employment for at least 6 months at current employer;
  • Monthly annuity may not exceed 50% of monthly earnings;

Additional benefits:

These benefits apply to students up to 29 years of age:

  • Transactional account – no monthly maintenance fee
  • Debit Visa payment card – no monthly maintenance fee
  • Electronic and mobile – no monthly maintenance fee
  • SMS notification – free of charge
Representative example:

Total Loan Amount10,000.00 €
Number of instalments60
Monthly payment amount199.22 €
Administrative Fees
1. Loan Processing Fee 0%0.00 €
2. RKB Report cost (borrower + guarantor)6.00 €
3. Purchase price of 4 bills of exchange (borrower + guarantor)8.00 €
Nominal annual interest rate7.50 %
*Effective interest rate7.56 %
Total repayment amount11,967.20 €

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

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