CKB Turistički krediti

CKB tourism cash loan

If you want to be ready to welcome the first guests, we offer you CKB Tourism Cash Loan. Renovate, equip, adapt or expand your accommodation facilities, raise the quality of service and delight your guests.

Target clients

The loan is intended for residents or non-residents with regulated residence and employment in Montenegro, company employees with permanent or temporary jobs, seafarers and pensioners.

Advantages

  • The loan is approved in the amounts from €300 to €25,000 
  • Repayment period from 3 to 72 months
  • Possibility of seasonal repayment or repayment in equal instalments

Representative example

 3.000 EUR5.000 EUR10.000 EUR
Repayment period 36 months 60 months 72 months
(Annual) Nominal Interest Rate 8,19% 8,19% 8,19%
Monthly repayment 94,27 EUR 101,83 EUR 176,25 EUR
Administrative fee 60 EUR 100 EUR 200 EUR
Total interest 393,54 EUR 1.109,71 EUR 2.689,84 EUR
Effective Interest Rate 10,00% 9,44% 9,30%
Total cost of credit* 453,54 EUR 1.209,71 EUR 2.889,84 EUR
Total repayable 3.453,54 EUR 6.209,71 EUR 12.889,84 EUR

 

*Total cost of credit represents the sum of interest for the entire period, administrative fee, bill fee (€2), fee for inquiry to the CBCG Credit Bureau (€3). Effective Interest Rate, total cost of credit and total repayable do not include the cost of insurance premiums and real estate valuation, which will be included in the final calculation. A representative example is shown on the example of the calculation from 15. 9. 2022.

Loan calculator

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Annual nominal interest rate NIR

Annual effective interest rate

Loan approval fee

Fee amount

The loan calculator is for informational purposes only and cannot be used for other purposes. The calculation of the effective interest rate in this loan calculator includes the costs of the bill of exchange (2 EUR) and the inquiry to the Credit Registry (3 EUR), as well as the amount of the loan approval fee which is 2% of the loan amount.



General requirements

  • Client's age must be minimum 21 at the time of application
  • Maximum 70 years of age on the last instalment due date

Documents required

  • Loan application form
  • Signed copy of ID card or copy of residence permit, for a non-resident
  • Personal data form
  • Administrative salary withholding order (unless the company is on the list of borrowers not subject to this requirement)
  • Bill of exchange and authorization for the bill of exchange
  • Employment certificate (not older than 30 days), or pension cheque, or seaman's book
  • Severance statement for employed persons
  • Consent for access to the Credit Bureau Register (RKB)
  • Copy of payment order for RKB
  • Registered accommodation facility certificate
  • Renting/Rental agreement
  • Title deed for the facility for renting

Loan security

  • Administrative salary/pension withholding order for the loan beneficiary
  • Administrative salary/pension withholding order for the guarantor
  • Bill of exchange (signed by the loan beneficiary and the guarantor, if specified in the contract ) and authorization for the bill of exchange (signed by the loan beneficiary and the guarantor, if specified in the contract)
  • Bill of exchange and authorization for the bill of exchange of a corporate entity (in exceptional cases)

Condition list for Retail loans

The Bank reserves the right to request additional security or documents, if considered necessary.

After collecting the necessary documents and signing the loan application, please visit one of our branches, where you can apply for a loan. If a guarantor is required as additional security, then the guarantor must also come to the branch at the time of submitting the application, and signing the bill of exchange and other documents.

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