To all employed persons, Adriatic Bank approves a cash loan with the possibility of approving up to EUR 20,000 without guarantors, with a repayment period of up to 5 years.
Loan calculator is for information only where total repayment amount includes only interest cost. All other expenses included in the loan processing are presented within representative example.
Annual nominal interest rate
7,95 % – 9,95 % (depending on the category of the loan user)
Annual effective interest rate
Loan processing fee (charged one-off upon loan disbursement)
0,50 % – 2,00 %
Fee for inquiry in the Credit Registry of the Central Bank of Montenegro
Fee for premature loan repayment
1,00 % of the loan amount that is prepaid if the period between the prepayment and maturity date from the Loan Agreement is longer than 12 months and only for amounts higher than EUR 10.000,00
0,50 % of the loan amount that is prepaid if the period between the prepayment and maturity date from the Loan Agreement is not longer than 12 months and only for the amounts higher than 10.000,00 EUR.
Annual penalty interest
Nominal increased for 50%
Up to 60 months
For a loan in the amount of EUR 10,000.00 and a repayment period of 60 months, an approval fee of 1.50% and included administrative costs (two bills of exchange: € 4.00 and a fee for access to the CBCG credit register: € 3.50), nominal interest rate (NIR) is 7.95% while the effective interest rate (EIR) is 8.66%. The sum of the total loan amount and the total amount of known loan costs is EUR 12,229.64, and the monthly installment is EUR 201.21.