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In accordance with the initiative launched by the Central Bank of Montenegro, we are pleased to inform you about the adjustment of interest rates for selected loan products at Adriatic Bank AD Podgorica.
Our mission is to enable you better financing conditions, thus supporting your economic needs in every situation. Take a look at our improved conditions and take advantage of the opportunity to realize your plans under more attractive conditions.
The action lasts until 31 December 2024.
Our mission is to enable you better financing conditions, thus supporting your economic needs in every situation. Take a look at our improved conditions and take advantage of the opportunity to realize your plans under more attractive conditions.
The action lasts until 31 December 2024.
Cash Loan
Maximum amount:
€ 20.000
Maximum maturity:
84 months
Current NIR: 6.95%
New NIR: 6.50%
New NIR: 6.50%
Current EIR: 7.45%
New EIR: 7.00%
New EIR: 7.00%
Detailed data
| Cash Loan | |
|---|---|
| Annual nominal interest rate (NIR) | 6,95% – 9,95% (depending on the category of the borrower) |
| Annual effective interest rate (EIR) | 7.00% |
| Loan processing fee (charged one-off upon loan disbursement) | € 1.50 |
| Fee for inquiry in the Credit Registry of the Central Bank of Montenegro | € 3,00 |
| Annual penalty interest | Nominal interest rate increased for 50% |
| Maturity period | Up to 84 months |
| Representative Example | For a loan in the amount of € 20,000.00 and a repayment period of 84 months, with an approval commission of 1,50% and included administrative costs (two bills of exchange: € 4.00 and a fee for insight in the CBCG credit register: € 3.00), the nominal interest rate (NIR) is 6.50%, while the effective interest rate (EIR) is 7.00%. The sum of the total loan amount and the total amount of known loan costs amounts to € 25.103,07, and the monthly installment amounts to € 295,19. |
Pensioner Loans (without insurance policy)
Maximum amount:
€ 20.000
Maximum maturity:
84 months
Current NIR: 8.95%
New NIR: 7.95%
New NIR: 7.95%
Current EIR: 9.12%
New EIR: 8.13%
New EIR: 8.13%
Detailed data
| Pensioner Loans | |
|---|---|
| Annual nominal interest rate (NIR) | 7.95% |
| Annual effective interest rate (EIR) | 8.13% |
| Loan processing fee (charged one-off upon loan disbursement) | 0.50% |
| Fee for inquiry in the Credit Registry of the Central Bank of Montenegro | € 3.00 |
| Annual penalty interest | Nominal interest rate increased for 50% |
| Maturity period | Up to 84 months |
| Representative Example: | For a loan in the amount of € 20,000.00 and a repayment period of 84 months, with an approval fee of 0.50% and included administrative costs (two bills of exchange: € 4.00 and a fee for insight in the CBCG credit register: € 3.00), the nominal interest rate (NIR) is 7.95% while the effective interest rate (EIR) is 8.13%. The sum of the total loan amount and the total amount of known loan costs amounts to € 26,022.04, and the monthly installment amounts to € 308.49. |
Mortgage Loan
Maximum amount:
€ 250.000
Maximum maturity:
120 months
Current NIR: 6.95%
New NIR: 5.95%
New NIR: 5.95%
Current EIR: 7.52%
New EIR: 6.51%
New EIR: 6.51%
Detailed data
| Mortgage Loan | |
|---|---|
| Annual nominal interest rate (NIR) | 5.95% (depending on the category of the borrower) |
| Annual effective interest rate (EIR) | 6.83% |
| Loan processing fee (charged one-off upon loan disbursement) | 1.00% |
| Fee for inquiry in the Credit Registry of the Central Bank of Montenegro | € 3.00 |
| Annual penalty interest | Nominal interest rate increased for 50% |
| Maturity period | Up to 120 months |
| Representative example | For the amount of the mortgage loan of € 50,000.00 and the repayment period of 120 months, the nominal interest rate (NIR) is 6.95%, while the effective interest rate (EIR) is 7.65%. In calculation of effective interest rates (EIR), nominal interest rate is included, one-time loan processing fee in amount of 750 € of the loan amount, fee for 2 bills of exchange (€ 4.00), fee for inquiry into the CBCG Credit Register -RKB (€ 3.00), the cost of a life insurance policy € (€ 267.87) (The amount of the premium is paid once and depends on the client’s health condition), the cost of making a pledge statement (€ 250), the cost of obtaining proof of ownership of real estate (5.00 €), the cost of registering a pledge on real estate (31.50 €), the cost of property insurance policy (39.40 €), the cost of real estate appraisal (80 €), (Total: 1,430.77 €). The total amount that the client should pay is 70,294.41 €, while the amount of the monthly annuity is 573.81 €. The total amount paid by the client is the sum of the principal, total interest, and other fees related to the loan approval. The amount of the life insurance policy premium is paid once and depends on the client’s health condition. The approximate age taken in the example is 40 years, gender male. The area of the residential building taken in the example is 34 m², construction value 700 € per m². |