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Housing loans / Loans for purchase of real estate & business premises
- Housing loan with 12-month grace period
The possibility of a grace period of up to 12 months for the purchase of real estate under construction (with interest recapitalization), as well as the possibility of refinancing
Key feature
From EUR 10.000 to EUR 300.000
- Repayment period from 12 to 240 months
- Fixed nominal interest rate of 5.45% / Effective interest rate of 5.65%
- Variable nominal interest rate of 4.45%+6M Euribor / Effective interest rate of 4.60%
- Bank fee from 0.5% up to 2% of the loan amount
- Fast and simple way to get a loan
Young married couple, Strahinja and Monika Krtolica
- Administrative withholding order on salary/pension of a client/guarantor
- Bill of exchange and bill authorization signed by a client/guarantor
- First rank mortgage in favor of the Bank LTV minimum 1:1.
- Property insurance policy
- Life insurance policy (optional)
- The life insurance policy is not obligatory, but in case it is not used as a means of securing a loan, the interest rate is increased by 0.3%.
* * 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 period
Nominal interest rate
Monthly installment
Administrative fee
Effective interest rate
Total debt
50.000 €
240 months
5,45%
342,55 €
250 €
5,65%
Representative example (Variable interest rate)
Loan amount
Repayment period
Nominal interest rate
Monthly installment
Administrative fee
Effective interest rate
Total debt
50.000 €
240 months
4.45%+6M Euribor
314,99 €
250 €
4,60%
75.852,90 €* The calculation of the 6-month EURIBOR is done twice a year (January 1st and July 1st).
** Total debt includes the loan amount, total interest, loan processing costs, bill of exchange costs € 2 and inquiry costs in the Credit Registry of Montenegro € 3.00. The above example did not include the cost of a life insurance policy, the cost of a real estate insurance policy, the cost of a real estate appraisal.
** 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 +382 20 205 410 or send an e-mail to: kontakt@lovcenbanka.me