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Cash loans
- Loan based on deposit
Key feature
From EUR 500 to EUR 300.000
- Repayment period from 3 to 240 months
- The difference between interest payable and interest receivable is from minimum of 1,50%.
Security instruments
- Deposit of at least 100% of the loan amount
- Personal bill of exchange of the borrower
- The deposit remains blocked until the final repayment of the loan, and if the maturity of the deposit is shorter than the maturity of the loan, the possibility of automatic renewal of the Term Deposit Agreement is left. The Bank has the right to release part of the deposit at the client's request during the repayment, but with the obligation that the entire exposure remains secured with 100% of the deposit.
* * The Bank reserves the right to accept an alternative security instrument if found acceptable and in line with the Bank's business policy.
Required documentation
Loan application
Employment certificate
Administrative withholding order on salary/pension
Consent for an enquiry in the Credit Bureau Registry (R.K.B.)
Representative example
Loan amount
Repayment term
Nominal interest rate
Monthly repayment
Administrative fee
Effective interest rate
Total debt
50.000 €
240 months
from 2% diference (4%)
303,00 €
250,00 €
4,14%
72.975,92 €
For more information, please visit a local branch of Lovćen banka AD or make an appointment by phone on 19 993 or send an e-mail to: kontakt@lovcenbanka.me