Mortgage Loan
About mortgage Loan
A cash loan with a mortgage is a flexible solution for various financial needs - from investing in business or adapting space to refinancing existing obligations.
● A non-purpose cash loan with a mortgage enables the free disposal of funds, without the need to justify their use. Funds are paid directly to the user's account (maximum loan amount up to €50,000).
Most convenient method of calculating the interest
Maturity up to 180 months
Conditions for Loan Approval
Loan user should have permanent Labour Contract, opened and active account in Adriatic Bank
Borrower must be a person older than 18 and repayment of the last annuity should be completed before the age of 67
Loan amount: Minimum 20.000 €
For clients under the age of 65, life insurance policy is not needed in the moment of final installment maturity
First rank mortgage registered on the property in favor of the Bank
Property insurance policy - assigned in favor of the Bank
Necessary documentation
Duly fulfilled and signed Loan application form
Verified and signed income confirmation
Decision on the administrative ban of the client (co-debtor and/or guarantor)
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)
Title deed on which the lien is registered, not older than 7 days from the day of documents delivery.
Credit calculator
Detailed data
| Kreditor | ADRIATIC BANK AD Podgorica |
| Registration Number | 03087158 |
| Address | Bulevar Džordža Vašingtona 98, 10th floor, Podgorica |
| Phone Number | +382 20 680 973 |
| Email Address | Retail@adriaticbank.com |
| Website (*) | www.adriaticbank.com |
| Main Characteristics | |
| Borrower | Natural person (consumer), resident citizen of Montenegro with permanent residence in Montenegro or non-resident, who meets the creditworthiness requirements. |
| Loan Purpose | On account of the client/non-purpose; refinancing loans from banks |
| Currency | The loan is approved in EUR. |
| Loan Amount |
The minimum amount is €20,000 Maximum amount - legal limit |
| Type and Amount of Interest Rate |
Within the offer of mortgage loans, the Bank applies a fixed interest rate. With a fixed interest rate, your monthly obligation will be identical from the first to the last annuity, regardless of economic trends, inflation or changes in reference interest rates on the market. Fixed interest rate: from 4.99% annually to 6.99%. The final amount of the interest rate within the stated range primarily depends on your creditworthiness and the creditworthiness of the employer who pays you your salary. The interest rate can be variable, with the nominal being adjusted to - 1 p.p. relative to the given lower limit of the range. Variable interest is a fixed amount plus 6 monthly EURIBOR. |
| Intercalary Interest | Intercalary interest is the interest calculated on the loan amount from the date the loan is disbursed until the start of annuity repayment, at the regular agreed nominal interest rate. Intercalary interest is calculated based on the actual number of days in the specific month of disbursement. For example, if the loan is disbursed on 15 September, intercalary interest is charged for 15 days. |
| Interest Calculation Method | Interest is calculated using the compound (conformal) method. |
| Repayment Period |
Maximum repayment period: 15 years; The maturity date of the last annuity of the loan cannot exceed 65 years of age of the Consumer. Life insurance policy for the Client and/or guarantor or co-borrower bound in favor of the Bank in the event that the last annuity is due after the age of 65 of the Client and/or guarantor or co-borrower; The duration of the policy should be 30 days longer than the loan repayment period, and the amount of the insurance sum should cover at least the amount of the debt due after the age of 65 of the Client, |
| Additional Collateral Requirements |
The Bank reserves the right to require additional collateral instruments, depending on the Consumer's creditworthiness.
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| Property Valuation | Property valuation for the mortgage is mandatory. At the Consumers request, the Bank orders the property valuation, which is performed by an authorized appraiser of the Bank. The cost of the valuation is borne by the Consumer and is included in the APR. |
| Additional Services | In addition to the mortgage on the property, a property insurance policy must be contracted. Insurance policies are contracted with an insurer acceptable to the Bank and assigned in favor of the Bank. The Consumer has the right to contract the policy with an insurer of their choice, provided that the insurer is acceptable to the Bank based on objective criteria of financial stability and creditworthiness, and that the policy provides a level of coverage that meets the Banks requirements. The Consumer is obliged to provide insurance policies for the entire agreed loan repayment period. |
| Early Loan Repayment | The Consumer has the option of partial or full early repayment of the loan. The Creditor will not charge a fee for early repayment |
| Loan Repayment | The loan is repaid in monthly annuities. An annuity is a fixed amount paid by the Consumer and consists of a portion of principal and interest. |
| Right to Withdraw from the Loan Agreement |
The Consumer has the right to unilaterally terminate the loan agreement by submitting a written request to the Bank, without stating a specific reason, no later than 14 days from the date of concluding the loan agreement. In the event of unilateral termination, the Consumer is obliged to: - notify the Bank of the intention to terminate within the above-mentioned period, - without delay, and no later than 30 days from the date of sending the notice of termination, - repay to the Bank the principal and accrued interest calculated at the agreed interest rate from the date of withdrawal of funds under the loan agreement until the date of full repayment. |
| Possible Additional Costs Not Included in the Total Loan Cost | Costs of notarization of the agreement and accompanying documentation where required, costs of transferring ownership rights to real estate, payment transaction fee charged for processing the transfer of funds from the borrowers account to the sellers account, costs of revaluation of mortgaged property if conducted during the term of the agreement, as well as fees that the Consumer is required to pay due to non-fulfillment of obligations under the loan agreement |
| Mortgage Loan - Representative example | |
|---|---|
| Total loan amount: | 80.000€ |
| Annual nominal interest rate (NIR) - fixed | 5,75% |
| Annual effective interest rate (EIR) - fixed: | 5,93% |
| Repayment period: | 180 months |
| Monthly annuity: | 658,08€ |
| Compound interest amount*: | 184,02€ |
| Bill of exchange cost: | 4,00€ |
| Cost of query in RKR: | 3,00€ |
| Real estate appraisal cost: | 80,00€ |
| The cost of a property insurance policy***: | 162,32€ |
| Cost for viewing the real estate listing: | 8,00€ |
| Cost of maintaining a transaction account: | 1,29€ per month |
| Total cost of credit for consumers: | 39.113,68€ |
| Total amount to be paid by the consumer: | 119.113,68€ |
* The EKS calculation of a representative example is shown with the assumption that the loan will be paid on 16.10.2026. year and payment of intercalary interest until 31.10.2026. year.
*** The cost of real estate insurance policies may have deviations depending on the area of the real estate, etc., where the calculation of a representative example is shown assuming a residential area of 50 m2.
| Possible Consequences of Non-Compliance with Obligations under the Housing Loan Agreement |
In case of delay or failure to meet assumed and agreed loan obligations, the consequences for the consumer may be as follows: - Outstanding obligations for principal, interest, fees, and costs become due, resulting in the consumer being in default on all obligations; - The Bank will start charging default interest on the total amount of due obligations; - The Bank gains the right to initiate appropriate legal proceedings to enforce collateral or realize it in another manner, in accordance with legal regulations; - costs of sending reminders and enforcement proceedings. In case of difficulties with monthly payments, please contact us immediately so we can explore possible solutions. Ultimately, failure to regularly fulfill your obligations may result in the loss of your property. |
| Other Information |
The Client may submit a complaint to the Bank in writing, either by submitting it at any of the Banks premises by filling out the flyer Your comments, compliments and suggestions or by email to: kvalitet@adriaticbank.com. The Bank may also receive complaints from various institutions to which the Client has addressed an issue regarding the Bank, such as the Consumer Protection Center. The Client has the option to submit a complaint to the Central Bank and the possibility of alternative dispute resolution with the Bank (Central Bank, Bulevar Svetog Petra Cetinjskog no. 6, Podgorica, zastita.potrosaca@cbcg.me, tel. +382 20 480 248 and the Center for Alternative Dispute Resolution, Serdara Jola Piletica bb, Podgorica, TC Palada, email centarzaars@centarazars.me, tel. +382 20 206 350). |
| Supervisory Authority of the Credit Institution | Central Bank of Montenegro (www.cbcg.me). |