CKB

CKB home equity loan

  • Maturity: 1 to 20 years
  • Loan purpose: non-purpose loan and can be used to refinance debt
  • No surety required for clients under 65 years of age
  • From 3.000 to 120.000 EUR loan amount

Product description

Crnogorska Komercijalna Banka AD Podgorica approves to all employed in the retail sector, entrepreneurs and pensioners home equity loan with maturity from 1 to 20 years in the amount from 3.000 EUR to 120.000 EUR. It is a non-purpose cash loan that can be used also for refinancing of debt. CKB offers to all clients home equity loan with favorable terms, independent from the debtor categorization. For clients under 65 years of age at the time of maturity of the last installment, the loan is approved without surety

Conditions of approval

  • that client is receiving monthly payment/pension through CKB account (min. 1 month salary or pension history in CKB),
  • for clients up to 65 years of age involvement if surety is not required,
  • above 65 years of age the involvement of surety is required,
  • no age limit for surety,
  • administrative ban on salary/pension of the debtor – optional,
  • administrative ban on salary of the co-debtor/surety– optional,
  • promissory note provided by the debtor and authorization on the promissory note,
  • promissory note provided by the co-debtor/surety and authorization on the promissory note,
  • first level Mortgage on real estate in favour of the Bank registered in Land Registry,
  • insurance policy for real estate provided as collateral with the Bank as beneficiary.

Required documentation

For private individuals as employees

  • filled and signed application,
  • copy of the personal identity card or passport,
  • redundancy statement,
  • certificate of employment and of the salary,
  • signed administrative ban on the salary– optional,
  • land registry sheet – not older than 30 days.

For private individuals as pensioners

  • filled and signed application,
  • copy of the personal identity card or passport,
  • pension check,
  • signed administrative ban on pension,
  • land registry sheet – not older than 30 days.

For private entrepreneurs

  • filled and signed application,
  • copy of the personal identity card or passport,
  • land registry sheet – not older than 30 days,
  • certificate from state revenue services that client has no outstanding debts,
  • last year’s tax statement,
  • signed administrative ban on the salary/pension of co-debtor/surety– optional.

Information

More details about the product clients can get by visiting the nearest CKB branch or by calling the CKB Call Centre at 19894. All necessary documents for applying for this loan are available at all CKB counters, as well as on our website.