Housing loan with 12 months grace period

Key feature 
  • From EUR 10.000 to EUR 150.000
  • Repayment period from 12 to 240 months
  • Nominal interest rate from 3,75% (fixed)
  • Effective interest rate from 3,96%
  • Bank fee  up to 1,50% of the loan amount
  • Fast and simple way to get a loan



Security instruments
  • Administrative withholding order on salary/pension of a client/guarantor
  • Bill of exchange and bill authorization signed by a client/guarantor
  • Bill of exchange and bill authorization of a legal entity if a guarantor
  • First rank mortgage in favor of the Bank
  • Life insurance policy
  • Property insurance policy (optional)
  • Life insurance policy is not obligatory, but in case it is not used as security instrument for the loan, interest rate shall increase by 0.3%
  • Client may use 5% of the loan amount as cash, but in that case the fee shall be 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

Representative example

Representative example

Loan amount

€ 60.000

Repayment period

180 months

Nominal interest rate


Monthly installment


Administrative fee


Effective interest rate


Total debt


* The total debt includes the loan amount, total interest, loan processing fee, cost of bill of exchange of EUR 2 and cost of enquiry in the Montenegrin Credit Registar of EUR 3.50.  The cost of life insurance policy, property insurance policy and real estate appraisal cost are not included in the EIR.

** 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: krediti.fl@lovcenbanka.me