Loan for legalization | Podgorička banka
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Loan for legalization

For all those willing to enter the legalization process of their property, Podgorička banka has prepared a loan that will make it easier for all citizens to decide and use the discounts available for those who have opted for a one-time payment of this fee.

Advantages:

  • The loan is approved in the amount of € 1000 and above
  • Repayment period: from 6 to 180 months
  • This loan is approved at a fixed interest rate:  
    • 4,99% for loans secured by a mortgage
    • 6,49% for amounts up to 15,000 €, repayment term up to 96 months, without securing a mortgage
  • Administration fee: 0 €

Details on the process itself and the necessary documentation can be found on the website of the Ministry of Sustainable Development and Tourism or you can contact the Bank.

Sample of loan

Loan amount

3.500,00€

8.000,00€

8.000,00€

15.000,00€

Repayment period

48 mjeseci

96 mjeseci

120 mjeseci

180 mjeseci

Nominal interest rate (annual)

6,49%

6,49%

4,99%

4,99%

Monthly installment

82,70€

106,33€

84,39€

117,69€

Administrative fee

0€

0€

0€

0€

Total interest

469,60€

2.207,68€

2.126,80€

6.184,20€

Effective interest rate

6,57%

6,51%

5,02%

5,00%

Total costs*

474,60€

2.212,68€

2.136,80€

6.194,20€

Total debt

3.974,60€

10.212,68€

10.136,80€

21.194,20€

*Total costs represents 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€) in case of mortgage. Real estate appraisal and insurance policy costs which are not included in total costs and total debt will be included in the final calculations.

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