Product description
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 7 years.
- Even up to 20.000 EUR
- Maturity: Up to 84 months
- One-off payment to your Adriatic Bank account
- Repayment of installments and interest is executed on a monthly basis.
Loan calculator
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.
Approval conditions
- Loan user must be a person older than 18 years, and the repayment of the last annuity should be completed before the age of 67
- Signed bill of exchange by the applicant and guarantor (if required) and bill of exchange
Necessary documentation
- Duly fulfilled and signed Loan application form
- Verified and signed confirmation about the salary
- Two administrative ban orders verified by the client's employer (in case that employer executes and verifies them)
- Signed consent for inquiry into Credit register
- Evidence of paid fee for application in the Credit register
- Bill of exchange that may be bought at the Bank's teller and bill of exchange authorization
- A copy of passport or ID card with phone numbers and address (original document to be presented)
- Other documentation upon the request
Detailed information
Cash loan | |
|---|---|
Annual nominal interest rate | 6,95 % – 8,95 % (depending on the category of the loan user) |
Annual effective interest rate | 7,46 % |
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 | 3,00 EUR |
Annual penalty interest | Nominal increased for 50% |
Maturity period | Up to 84 months |
Representative example | For a loan in the amount of EUR 10,000.00 and a repayment period of 84 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: € 3.00), nominal interest rate (NIR) is 6.95% while the effective interest rate (EIR) is 7.46%. The sum of the total loan amount and the total amount of known loan costs is EUR 12,771.64, and the monthly installment is EUR 149.65. |