UCB cash loans with cash collateral – Universal Capital Bank AD Podgorica

Bank approves this loan type to both residents and nonresidents

OPTION	UCB cash loans with cash collateral
Amount	up to 500,000.00 EUR
Nominal interest rate	2.00% – 6.00%
Term	up to 180 months
Mode of repayment	in accordance with repayment sources
One time fee	up to 10,000 EUR – 66.00 EUR above 10,000 EUR – 117.00 EUR

Security instruments

Cash collateral(min. 100% of requested loan amount);
Personal exchange bill with authorisation forms;

Note

Required paperwork:

Loan request paperwork
Copy of personal ID card or pasport
Cash collateral blockage approval form

Total Loan amount	500,000 €
Installments	60
Monthly installment amount	8,759.30 €
I Administrative fees
1. one time fee	117.00 €
2. RKB report	3 €
3. Cost of two exchange bills	4 €
Annual nominal interest rate	2.00 %
Effective interest rate	2.01 %
Total interest	26,318.13 €
Total costs*	26,442.13 €
Total repayment amount	526,442.13 €

*Note: Total expenses and total debt as well as the calculation of the Effective Interest Rate do not include the costs of insurance policies of property, property evaluation costs, obtaining real estate folio. These costs are not known in advance and will be included in the final calculation.

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