CURRENT ACCOUNT OVERDRAFT

• Creditworthiness is determined in accordance with the methodology for creditworthiness assessment. Depending on the creditworthiness, a loan can be issued without a guarantor and with maximum 2 guarantors
• Alternatively, collateral of a legal entity (commercial company) can be used as security, instead of one guarantor, provided that the creditworthiness of the legal entity is categorised as good asset or asset with a special note.
• Co-borrower can increase the creditworthiness
• Alternatively, if the security is a mortgage against property, guarantors are not required

An example of the loan

* Please note that there is no annuity for this type of loan, thus after the expiration of 6 (six) months the client can extend the same or repay it in its entirety.

• Request for granting a limit,
• ID card,
• 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 (as a rule) 3 months prior to the month of submitting the Application,
• Applicant’s salary administrative withholding order,

• ➤ Receipts certificate and administrative ban on earnings