Loan for pensioners with an insurance policy

Do you want to spend every day fulfilled and just as befits your age? This loan will allow you to get additional funds with a simple and fast procedure! Take advantage of the opportunity to realize the wishes you have not yet...

LOAN AMOUNT 6000

TERM (in months) 48

MONTHLY RATE:

277,78 €

TOTAL:

70.651,8 €

* The data from the calculator is of informative character

NOMINAL INTEREST RATE

from 9,99%

LOAN AMOUNT

up to 12.000,00€*

TERM

up to 96 months

Effective interest rate: from 10,73% Arrangement fee: 30,40€
Fixed fee for maintaining the account of the credit party: €1.00 per month Penalty interest rate: 2,00% monthly Grace period: 30/31 days

*possibility of approving additional funds (up to €3,000.00), with Loan for pensioners

Loan security instruments:

Decision on administrative ban (co-borrower and/or guarantor), Verification of data for co-borrower and/or guarantor;
The guarantee contract, which is concluded between the Client and guarantors (if provided for);
Minimum, one blank signed promissory note (for the Client, co-debtor and/or guarantor) with bill of exchange authorization;
Claims (life) insurance policy.*

The previously defined security means-instruments do not limit the Bank that, in accordance with the risk assessment in the specific case, it may not approve the loan or ask the Client for additional security means-instruments.

* The claim insurance (life) policy is valid until the loan holder reaches the age of 78, and the last annuity must be below the age of 78 for it to be valid. For this type of loan with an insurance policy, the Client exclusively signs the contract and credit documentation by hand, it is not allowed to give power of attorney to third parties to sign the contract and credit documentation.

A representative example

For the loan amount of €12,000.00 with a repayment term of 96 months, the nominal interest rate (NKS) is 9.99%, while the effective interest rate (EKS) is 10.47%. The calculation of the effective interest rate includes the nominal interest rate, a fee for processing a credit request of €0.00, a fee for one promissory note in the amount of €2.00 and a fee for an inquiry to the CBCG Credit Register in the amount of €3.00. The total amount paid by the client is €17,475.67 and represents the sum of the loan principal, total interest and other fees and expenses related to the loan approval, while the amount of the monthly annuity is €181.99. Mandatory means of security is a promissory note and promissory note authorization of the credit user. If it is necessary to provide other security instruments for loan approval, it is necessary for the loan beneficiary to commit to concluding a contract on additional services, in which case the additional fees that are not included in the calculation of the effective interest rate also include the costs related to these additional services. services. A representative example is shown on the calculation example from 05/31/2024.

REQUIRED DOCUMENTS

ID card,
Loan Application Form,
Statement on related parties,
The approval of access to data of the Credit Registry of the Central Bank of Montenegro,
Pension checks for the last three months,
Applicant’s salary administrative withholding order,
Other documents, if applicable.

Loan Conditions

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Current Accounts

Foreign currency accounts