Loans for pensioners - Prva Banka Crne Gore

Now is the right time to enjoy your retirement! With a quick and simple procedure, make all your plans and wishes come true.

LOAN AMOUNT 1500

TERM (in months) 48

MONTHLY RATE:

277,78 €

TOTAL:

70.651,8 €

* The data from the calculator is of informative character

NOMINAL INTEREST RATE

from 10,49%

LOAN AMOUNT

up to 3.000 €

TERM

up to 96 months

Effective interest rate: from 12,08% Arrangement fee: 30,40€
Fixed fee for maintaining the account of the credit party: €1.00 per month Penalty interest rate: 2,00% monthly Grace period: 1 month

Loan security instruments:

Decision on administrative prohibition (of co-debtors and/or guarantors);
Verification of data for the co-debtor and/or guarantor;
Guarantee contract, which is concluded between the Client and guarantors;
Minimum, one blank signed promissory note (for the Client, co-debtor and/or guarantor) with bill of exchange authorization.*
The previously defined security means-instruments do not limit the Bank that, in accordance with the risk assessment in the specific case, it may not approve the loan or ask the Client for additional security means-instruments.

* If the client turns 65 at the time of maturity of the last annuity, no guarantor is required. The loan may also be secured by a life insurance policy.

A representative example

For the loan amount of €3,000.00 with a repayment period of 96 months, the nominal interest rate (NKS) is 10.49%, while the effective interest rate (EKS) is 12.08%. The calculation of the effective interest rate includes the nominal interest rate, the fee for processing the loan application of €30.40, the fee for maintaining the credit party account of €96.00, the fee for one bill in the amount of €2.00 and the inquiry fee to the CBCG Credit Register in the amount of €3.00. The total amount paid by the client is €4,576.20 and represents the sum of the loan principal, total interest and other fees and costs related to the loan approval, while the amount of the monthly annuity is €46.30. Mandatory means of security is a promissory note and promissory note authorization of the credit user. If it is necessary to provide other security instruments for loan approval, it is necessary for the loan beneficiary to commit to concluding a contract on additional services, in which case the additional fees that are not included in the calculation of the effective interest rate also include the costs related to these additional services. services. A representative example is shown on the example of the calculation from 08/29/2024.

REQUIRED DOCUMENTS

ID card,
Loan Application,
Statement on related parties,
The approval of access to data of the Credit Registry of the Central Bank of Montenegro,
Pension checks for the last three months, Applicant’s salary administrative withholding order,
Other documents, if applicable.

Loan Conditions

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Current Accounts

Foreign currency accounts