UCB mortgage cash loans – Universal Capital Bank AD Podgorica

Bank approves this loan type to both residents and nonresidents.

OPTION	UCB mortgage cash loans
Amount	up to 500,000.00 EUR
Nominal interest rate	6.00% – 9.00%
Term	up to 60 months
Mode of repayment	in accordance with repayment sources
One time fee	from 0.10% to 1.00%

Security instruments

Mortgage
Administrative bans;
Exchange bills with authorization forms
Real-estate and life insurance policy

Note

Required paperwork:

Loan request paperwork
Copy of personal ID card or pasport
Real-estate property owner sheet with valuation

Total Loan amount	500,000 €
Installments	60
Monthly installment amount	10,296.57 €
I Administrative fees
1. one time fee 0.10%	500 €
2. RKB report	3 €
3. Cost of one exchange bill	2 €
Annual nominal interest rate	9.00 %
*Effective interest rate	9.05 %
Total repayment amount	618,299.20 €

*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.