Loans for Pensioners with Insurance Policy
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About the loan
With the support of the Central Bank of Montenegro (CBCG) initiative, Universal Capital Bank AD Podgorica has created a special loanoffer for pensioners, providing financial security with the lowest interest rates on the market. This product is ideal for pensioners whowant to realise their plans, whether it is home renovation, travel, covering unforeseen expenses, or simply improving their quality of life.
Universal Capital Bank offers loans for pensioners with an individual insurance policy, with a repayment period of up to 84 months and an amount of up to EUR 15,000.
Don’t wait! Take advantage of this opportunity and achieve financial security today.
Option | Pensioner (with insurance policy) |
|---|---|
Nominal Interest Rate | 6.49 % |
Maturity | up to 84 months |
Repayment Method | In accordance with the contract |
Loan amount | up to 15,000 EUR |
Early repayment fee | 0% |
Creditworthiness | The annuity may not exceed 50% of the net monthly pension |
One-Time Fee | No charge |
Life Insurance Policy | Single upfront or monthly premium payment |
Required paperwork | Completed loan application Salary and deductions from salary report A photocopy of ID cards of all loan participants |
Representative Example:
Total Loan Amount | 15,000 EUR |
|---|---|
Number of Installments | 84 |
Monthly Payment Amount (Installment) | 221.28 EUR |
Loan Processing Fee | 0 EUR |
Fee for Providing Data from the CBCG Credit Registry | 3 EUR |
Account maintenance cost for one month | 1 EUR |
Cost of Purchasing Two Promissory Notes | 4 EUR |
Insurance Premium Cost | 17.45 EUR |
Nominal Annual Interest Rate | 6.49% |
Effective Interest Rate | 9.90% |
Intercalary Interest | 77.73 EUR |
Total Interest | 3,587.52 EUR |
Total Costs * | 5,138.05 EUR |
Total Amount the Client Needs to Pay | 20,138.05 EUR |
Note: The total costs represent the sum of interest for the entire period in the amount of EUR 3,587.52, loan processing fee of EUR 0, cost of 2 promissory notes (EUR 4.00), fee for the CBCG Credit Registry inquiry (EUR 3.00), account maintenance cost for one month (EUR 1) and the monthly insurance premium cost of EUR 17.45.
The total amount the client must repay is EUR 20,138.05.
The representative example is shown on the basis of a calculation as of 01.01.2026.