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Cash loans
- Standard cash loan / Refinancing
Standard cash loan / Refinancing
Key feature
From EUR 300 to EUR 20.000
- Repayment term: from 3 to 96 months
- Fixed nominal interest rate of 7.95% / Effective interest rate of 8.40%
- Variable nominal interest rate of 6.95%+6M Euribor / Effective interest rate of 7.33%
- Bank fee: from 0,5% up to max. 2% of the loan amount
- Administrative withholding order on salary/pension of a client/guarantor(s)
- Bill of exchange and bill authorization signed by a client and guarantor
- Bill of exchange and bill authorization from a legal entity, if a guarantor
- For clients from Group III for amounts up to € 5,000, the loan can be approved without guarantors, depending on their creditworthiness. The Bank reserves the right to require the client to provide one or more guarantors for this exposure.
- For the clients from Group IV (who do not receive their salaries through the Bank) if their employer is classified in Group I or II for the loan amounts of up to EUR 7,000, a guarantor is not required. In other cases (from Group IV) depending on the amount and repayment period, it is necessary to have 1 or more guarantors, and the interest rate is up to 18%.
* * 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 (Fixed interest rate)
Loan amount
Repayment term
Nominal interest rate
Monthly repayment
Administrative fee
Effective interest rate
Total debt
20.000 €
96 months
7,95%
288,25 €
100 €
8,40%
27.200,79 €
Representative example (Variable interest rate)
Loan amount
Repayment term
Nominal interest rate
Monthly repayment
Administrative fee
Effective interest rate
Total debt
20.000 €
96 months
6.95%+6M Euribor
272,20 €
100 €
7,33%
Fiksna kamatna stopa
Varijabilna kamatna stopa
Iznos kredita
20.000 €
20.000 €
Rok otplate
96 mjeseca
96 mjeseca
Nominalna kamatna stopa
6.95%+6M Euribor
6.95%
Anuitet
272.20 €
272.20 €
Administrativna naknada
100 €
100 €
Efektivna kamatna stopa
7,33%
7,33%
Ukupan dug
20.000 €
26.235,65 €
* The calculation of the 6-month EURIBOR is done twice a year (January 1st and July 1st).
**The total debt includes the loan amount, total interest, loan processing fee, cost of bill of exchange of EUR 2 and cost of the Montenegrin Credit Registar enquiry of EUR 3.00.
*** The data on this loan may vary depending on the client's solvency. 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