You can now buy a house with a cash loan!

Higher amount and lower interest rate on Standard Cash Loan

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Photo: Lovćen banka
Photo: Lovćen banka
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Lovćen Banka offered a Standard Cash Loan at a now reduced interest rate and without loan processing fees, for loan applications received in the period until March 31.3.2025, XNUMX.

The amount of cash loan that can be withdrawn is now €30.000. Lovćen Bank has thus enabled the purchase of a prefabricated house, a boat, a car or any other major purchase with a cash loan. If the client needs it, it is possible to refinance their previous credit obligations with this loan.

The loan repayment period is 96 months and is approved at a nominal interest rate (NAR) of 7,45%, or 7,71% as the effective interest rate (EIR).

Under the same conditions, the bank also offers a cash loan intended for seafarers, taking into account the seasonality of their activities and the periodicity of the needs of seafarers and their families.

In all branches and through the Contact Center at phone no. 19993, you can get the necessary information and advisory support in choosing the optimal offer and opportunities for loan approval.

Below is a representative example with all the information that can help citizens make a decision about applying for a Standard Cash or Cash Loan for Seafarers.

Representative example:

For a loan amount of EUR 30.000 and a repayment period of 8 years (96 months), the nominal interest rate (NAR) is 7,45% fixed per annum, the effective interest rate (EIR) is 7,71%. The calculation of the effective interest rate (EIR) includes the nominal interest rate (NAR), a one-time loan processing fee (EUR 0), a fee for 1 bill of exchange (EUR 2) and a fee for querying the Credit Register of the Central Bank of Montenegro (CBM) (RKB) (EUR 3). The total amount that the client needs to pay is EUR 39.912,20, while the monthly annuity amount is EUR 415,70. The total amount that the client pays is the sum of the principal, total interest, fees related to the loan approval and the costs of the bill of exchange and querying the Credit Register. The offer is valid until 31. 3. 2025.

( Lovćen Bank )