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Naslovnica > Retail clients > Loans > Refinancing loan MULTIPRAKTIK
Refinancing loan MULTIPRAKTIK

If you have several loans and you want to repay them in a simpler and easier manner, choose MULTIPRAKTIK loan which provides refinancing of loan obligations at the banks and micro-credit institutions in Montenegro.

This refinancing loan gives you the possibility to refinance loan obligations of family members and if you need more cash, the bank can approve it in the amount of 50% of the funds to be refinanced.

Target clients

This loan is intended for all clients who need to refinance their obligations.

Advantages

  • The loan is approved in the amounts from € 8.000 to € 50,000,
  • Repayment period is from 6 to 180 months,
  • The loan is approved at fixed and variable interest rates.
  • During the promotional period, the approval is possible without administration fee
More

Sample of loan

Loan amount

8.000,00€

15.000,00€

25.000,00€

Repayment period

96 months

180 months

180 months

Nominal interest rate (annual)

6,25%

6,25%+3mEURIBOR

6,25%+3mEURIBOR

Monthly instalment

105,41€

127,18€

211,97€

Administrative fee

120,00€

225,00€

375,00€

Total interest

2.119,36€

7.892,40€

13.154,60€

Effective interest rate

6,72%

6,51%

6,51%

Total costs*

2.249,36€

8.127,40€

13.539,60€

Total debt

10.249,36€

23.127,40€

38.539,60€

* Total costs represents the sum of interest for the entire period, administrative fees, fees for bill of exchange (€2), inquiry fee at  the at the Credit Bureau of Central Bank of Montenegro (€3).

Within the EIR calculation, calculation of total costs and total debt of representative examples, are not included: compensation for the issuance of title deed and real estate appraisal, insurance premiums, which will be included in the final calculation, if the conditions for approval are provided.

Representative examples of loans for refinancing and renovation with a variable interest rate (v) were made for the 3-month EURIBOR on 19.01.2017 year.

General terms of approval

Loans are granted to creditworthy borrowers who have the ability to with half the salary / pension can return the total monthly obligations, including loan annuity for which they apply. Borrowers may have a co-borrower for whom the same conditions apply as for the borrower..

Loan collateral

  • Bill of exchange signed by the client and bill authorization
  • Administrative prohibition for the loan beneficiary or co-debtor
  • 1st class mortgage on the property in the ratio 1:1.5
  • Insurance for the property which is under mortgage
  • For the loans with repayment period over 8 years, life insurance of the loan beneficiary is required

The bank may require additional collateral.

Required documentation

I would like to appoint the meeting/order a call from Call centre

Branch offices

Real estates

Real estates for saleRequest for lease

Currency exchange list

  • val. unit. Srednji change
  • CHF 1 1.1464
  • GBP 1 0.8825
  • USD 1 1.1948
  • rate 6m. 3m.
  • EURIBOR -0.27 -0.33