Loans for tourism development - Prva Banka Crne Gore

Prepare for the upcoming season with favourable conditions!

LOAN AMOUNT 10000

TERM (in months) 30

MONTHLY RATE:

277,78 €

TOTAL:

70.651,8 €

* The data from the calculator is of informative character

NOMINAL INTEREST RATE

8,75% per year

LOAN AMOUNT

up to 20.000 €

TERM

up to 60 months*

Arrangement fee: 1,20% – 1,50% Penalty interest rate: 2,00% monthly Grace period: Up to 6 months (capitalization of interest in the grace period up to 3 months)
* For the amounts up to 10.000,00 – up to 36 months and for the amounts from 10.001,00 up to 60 months.

For loans with repayment period of more than 6 years, it is necessary to secure a claim
1) fiduciary duty or mortgage;
2) pledge over movable property or
3) financial instruments, guarantees/counter guarantees and other instruments of tangible and intangible collateralization that meet the requirements that can be used to mitigate credit risk, in accordance with the Central Bank decision regulating capital adequacy in banks.

* The bank bills required in the process of approving a loan costs 2.00€, and the report of CBCG costs 3,00€.

A representative example

For a loan amount of € 10.000,00 with a repayment period of 60 months, the nominal interest rate is 8,75% per annum, while the effective interest rate is 9,84%. The calculation of the effective interest rate includes the nominal interest rate, the fee for processing the loan application of 1,50%, the fee for the bill of exchange in the amount of € 2,00, the fee for the inquiry in the CBCG Credit Register in the amount of € 3,00. The total amount paid by the client is € 12.381,00 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 € 206,35.

REQUIRED DOCUMENTS

ID card,
Loan Application Form,
Statement on related parties,
The approval of access to data of the Credit Registry of the Central Bank of Montenegro,
The statement of the current account used for the payment of salaries or other income during the period of time which is ( by the rule) 3 months prior to the month of submitting the Application,
Applicant’s salary administrative withholding order,
Other documents, if applicable.

REQUIRED DOCUMENTS FOR THE CLIENT WITH TOURISM AS AN ADDITIONAL ACTIVITY: The Client submits an employer’s statement on employment for an indefinite period, on the service contract employment or other documents that would confirm the validity and amount of regular or periodical earnings. At the time of submitting the Loan Application, the Client must be employed for a minimum of three months or receive regular payments on other basis.

Loan Conditions

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Current Accounts

Foreign currency accounts