Cash loan for pensioners
CKB cash loan for pensioners
CKB cash loan for pensioners - additional security and support
With a simple approval procedure, with a repayment period of up to 120 months, you can adapt the loan to your needs.
Advantages
- no commission for loan approval
- free Senior package for the first three months
- the loan is approved in amounts from 300 to 15,000 euros
- the repayment period is from 6 to 120 months
With the Senior package you get:
- Transaction account
- Visa Debit Card
- CKB GO mobile banking
- SMS service
The senior package also allows you cash back with our partners:
- HD Laković markets - 4%
- Tea Medica Pharmacy - 3%
- Okov - 5%
- Montenegrin National Theater - 50%
- Kid's Land - 5%
- My Lab - 20%
The senior package is free for the first three months after the loan is approved. After that, the monthly price of the package is 1,95 euros.
Target clients
It is intended for all pensioners and citizens of Montenegro or non-residents who reside and receive a pension in Montenegro.
Non-residents who reside in Montenegro and receive a pension from the PIO Fund of Montenegro can apply for a loan with a repayment term of up to 96 months.
Representative example
*Total costs represent the sum of interest for the entire period, bill of exchange fees (2 euros), inquiries to the CBCG Credit Bureau (3 euros) and life insurance policy costs.
For amounts up to 12,000 euros, the cost of the group life insurance policy is borne by the bank.
For amounts greater than 12,000 euros, it is necessary to submit an individual life insurance policy.
The costs of the life insurance policy are calculated based on the specific example of the client, age at the time of applying for the loan 65 years, gender female, proper health record.
**For a repayment term longer than 6 years, in accordance with business policy, the Bank reserves the right to request additional security funds and apply a different pricing policy.
A representative example is shown on the example of the calculation from April 1, 2025.
Loan calculator
Special advantage
Annual nominal interest rate NIR
Annual effective interest rate
Loan approval fee
Fee amount
The loan calculator is for informational purposes only and cannot be used for other purposes. The calculation of the effective interest rate in this loan calculator includes the costs of the bill of exchange (2 EUR) and the inquiry to the Credit Registry (3 EUR), as well as the amount of the loan approval fee which is 1.7% of the loan amount
General requirements
- Client's age must be maximum 78 on the last instalment date, for a loan with group insurance policy
- Maximum 75 years of age on the last instalment date, for a loan with individual insurance policy
- The loan is approved at an interest rate from 7.99% - 12.49%
Loan security
- Administrative pension withholding order for the loan beneficiary
- Administrative salary/pension withholding order for the guarantor
- Bill of exchange (signed by the loan beneficiary and the guarantor, if specified in the contract) and authorization for the bill of exchange (signed by the loan beneficiary and the guarantor, if specified in the contract)
- Bill of exchange and authorization for the bill of exchange of a corporate entity (in exceptional cases)
- Life insurance policy (group and individual)
Documents required
- Loan application form
- Signed copy of ID card or copy of residence permit, for a non-resident
- Personal data form
- Administrative salary withholding order (unless the company is on the list of borrowers not subject to this requirement)
- Bill of exchange and authorization for the bill of exchange
- Pension cheque
- Employment certificate (not older than 30 days, and for a guarantor as appropriate)
- Consent for access to the Credit Bureau Register (RKB)
- Copy of payment order for RKB
- Certificate of job and salary
Condition list for retail loans
The Bank reserves the right to request additional security or documents, if considered necessary.
After collecting the necessary documents and signing the loan application, please visit one of our branches, where you can apply for a loan. If a guarantor is required as additional security, then the guarantor must also come to the branch at the time of submitting the application, and signing the bill of exchange and other documents.
