Home equity loan | Podgorička banka
Subscribe to Syndicate
A+ / A / A-
Naslovnica > Retail clients > Loans > Home equity loan
Home equity loan

Home equity loan of Podgoricka banka is the right solution if you need cash for desired purchase, quick settlement of obligations or if you want to renovate your facilities for the next tourist season, while you are paying off the loan for a longer period of time.

Target clients

The loan is intended for clients of the bank:

  • with regular income from permanent employment,
  • pensioners,
  • seafarers,
  • and to those clients who earn regular income from the tourist accommodation.

Benefits

  • longer repayment period, lower monthly installment
  • the loan is approved in the amount of 3000€ to 120.000€
  • repayment period of 24 to 240 months
  • the loan is approved by the nominal fixed interest rate of 6,49%, while effective interest rate is of 6,76%

 

More

Sample of loan

Loan amount

30.000€

50.000€

70.000€

Repayment period

240 months

240 months

240 months

Nominal interest rate (annual)

6,49%

6,49%

6,49%

Monthly installment

220,21€

367,01€

513,82€

Administrative fee

600€

1000€

1400€

Total interest

22.850,40€

38.082,40€

53.316,80€

Effective interest rate

6,77%

6,76%

6,76%

Total costs*

23.460,40€

39.092,40€

54.726,80€

Total debt

53.460,40€

89.092,40€

124.726,80€

 

*Total costs represent the sum of interests for the entire period, administrative fee, fee for bill of exchange (2€), inquiry fee for Credit registry report (3€) and fee for issuing title deeds (5€). Real estate appraisal and insurance policy costs which are not included in total costs, total debt and effective rate calculation, shall be included in the final calculations.

 

**If the client chooses to secure their loan with life insurance, the fee will be from 0,5% to 1%.

 

Conditions of approval

The loans are approved to the adult, creditworthy loan applicants who received atleast one salary/pension through the account opened within Podgorička banka. A creditworthy applicant is a client who is able to repay his/her total monthly obligations including the loan installment with the half of his/her salary/pension.

Collateral

  • Debtor's bill of exchange and bill authorization
  • Debtor administrative ban
  • Mortage
  • Property insurance policy
  • Life insurance policy (optional)
  • Endorser (if stipulated)

The bank may require additional collateral.

Required documentation

Želim da zakažem sastanak/naručim poziv iz Call centra

Branch offices

Real estates

Real estates for sale

Currency exchange list

  • val. unit. Srednji change
  • CHF 1 1.0606
  • GBP 1 0.8415
  • USD 1 1.0875
  • rate 6m. 3m.
  • EURIBOR -0.36 -0.42