New - Primus loan for scolarship financing | Societe Generale Montenegro
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New - Primus loan for scolarship financing

Societe Generale Montenegro has offered the new loan called Primus for financing the scolarships and education.

Primus loan is designed for bank customers, parents, and the students themselves if they are permanently employed. This loan provides  a fast settlement of obligations such as payment of school fees, purchase of books and school supplies, or payment of the travel expenses if the school is abroad.

Target clients

The loan is intended for bank clients - parents, and the students themselves if they are permanently employed.

Advantages

  • Loan approval in a day!
  • The loan is approved in the amounts from € 150 up to € 10,000 without endorsers
  • repayment period from 3 to 60 months 
  • the loan is approved at the fixed interest rate 6,99%
  • part of the loan (maximum  ½  of the amount) can be given in cash.

With this example our clients can find this loan very affordable one:

Loan amount

1.000,00€

3.000,00€

Repayment period

12 mjeseci

24 mjeseca

Nominal interest rate (annual)

6,99%

6,99%

Monthly instalment

86,42€

134,04€

Administrative fee

5,00€

15,00€

Total interest

37,04€

216,96€

Effective interest rate

9,02%

7,69%

Total costs*

42,04€

236,96€

Total debt

1.042,04€

3. 236,96€

*Total costs represent the sum of interests for the entire period, administrative fees, bill of exchange fee (2€) and inquiry fee for Credit registry report (3€). 

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