Cash Loan
About Cash loan
To all employed persons, Adriatic Bank approves a cash loan with the possibility of approving up to € 20,000 without guarantors, with a repayment period of up to 7 years.
Up to € 20.000
Maturity: Up to 84 months
One-off payment to your Adriatic Bank account
Repayment of installments and interest is executed on a monthly basis.
Conditions for loan approval
Loan user must be a person older than 18 years, and the repayment of the last annuity should be completed before the age of 67
Signed bill of exchange by the applicant and guarantor (if required) and bill of exchange
Necessary documentation
Duly fulfilled and signed Loan application form
Verified and signed confirmation about the salary
Two administrative ban orders verified by the client's employer (in case that employer executes and verifies them)
Signed consent for inquiry into Credit register
Evidence of paid fee for application in the Credit register
Bill of exchange that may be bought at the Bank's teller and bill of exchange authorization
A copy of passport or ID card with phone numbers and address (original document to be presented)
Other documentation upon the request
Credit calculator
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Detailed data
| Cash Loan Loan | |
|---|---|
| Annual Nominal Interest Rate | 6,95 % – 9,95 % (depending on the category of the loan user) |
| Annual Effective Interest Rate | 7.47% |
| Loan processing fee (charged one-off upon loan disbursement) | Depending on the amount and maturity of the loan, the loan processing fee ranges from €7.50 to €262 |
| Fee for inquiry in the Credit Registry of the Central Bank of Montenegro | 3,00 € |
| Annual penalty interest | Nominal increased for 50% |
| Maturity period | Up to 84 months |
| Representative Example | For a loan in the amount of € 10,000.00 and a repayment period of 84 months, an approval fee of 150 € and included administrative costs (two bills of exchange: € 4.00 and a fee for access to the CBCG credit register: € 3.00), nominal interest rate (NIR) is 6.95% while the effective interest rate (EIR) is 7.47%. The sum of the total loan amount and the total amount of known loan costs is € 12,728.39, and the monthly installment is € 149.65. |