For a life full of plans!
CKB home equity loan
A CKB mortgage loan is the right solution if you need cash for a desired purchase, quick settlement of obligations or want to renovate facilities for the next tourist season, while paying off the loan in a relaxed manner over a longer period of time.
Refinance existing obligations, furnish an apartment, dispose of the money exactly as you want, and adjust the monthly installment to your budget.
Target clients
The loan is intended for residents or non-residents with regulated residence and employment in Montenegro, company employees with permanent or temporary jobs, seafarers, pensioners, entrepreneurs (operating for at least a year) and clients with other kinds of regular provable income.
Advantages
- no commission for loan approval
- possibility of refinancing existing obligations
- loan is approved in amounts from EUR 10,000 to EUR 150,000
- repayment term from 12 to 240 months
Representative example
*Costs of real estate appraisal and real estate insurance policy are calculated on a specific example of real estate, which is pledged as security, with a size of 87m². A representative example is shown on the example of the calculation from 1. 6. 2025.
**Total costs represent the sum of interest for the entire period, the cost of the real estate appraisal (80 euros), the cost of the real estate insurance policy (197.72 euros), the cost of certifying the pledge statement, the cost of registering the mortgage, the fee for issuing the real estate certificate (5 euros), the cost of one promissory note (2 euros) and the cost of inquiries to the Regulatory Bureau (3 euros).
***6M Euribor on 30. 5. 2025. is 2.042
Variable interest rate risk
Negotiating a variable interest rate exposes the client to the risk of interest rate changes, which may affect the change in the total amount paid for the loan (its increase or decrease). Changes in the reference interest rate (EURIBOR) can have a negative or positive effect on the client's financial position. For example the growth of the reference interest rate (EURIBOR), to which the interest rate per loan is linked, can affect the growth of the monthly annuity amount and affect the client's ability to repay the loan, but vice versa (its decrease will reduce the amount of the annuity).
The longer the loan repayment period, the greater the probability of a significant change in the interest rate. It is important to understand that it is not possible to predict with certainty the events that affect the change in the reference interest rate, so it is the responsibility of each contracting party to assess its interest and the acceptability of such a risk
What is EURIBOR?
EURIBOR (Euro Interbank Offered Rate) is a reference interest rate set on the European interbank market for the euro (EUR). It is determined daily as the average rate at which first-class banks in the eurozone lend unsecured assets in EUR to each other. The mentioned banks must meet certain criteria in order for EURIBOR to be representative and reflect the real situation on the money market. More information about EURIBOR is available at: www.euribor-ebf.eu
Crnogorska komercijalna banka AD Podgorica (the Bank) does not influence the level of EURIBOR and cannot predict the future movements of EURIBOR, nor, in this connection, the possible consequences that may arise as a result of changes in EURIBOR
Loan calculator
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. In the calculation of the effective interest rate in this credit calculator, the costs of the loan approval fee (0 euros), the cost of one bill of exchange (2 euros) and the cost of inquiries to the Regulatory Bureau (3 euros) are included. The loan calculator does not include the costs related to the conclusion of the contract on additional services, which are shown in representative examples (eg insurance policy costs, costs of establishing security instruments, etc.).
You might be interested in:
Overdraft
Use your additional resources at any time, the way that suits you the best.
Shopping card
In its diverse offer of card products, Crnogorska komercijalna banka also has a contactless credit card for payment in instalments, CKB MC Shopping card, which belongs to the Mastercard family.
CKB GO
CKB GO application is a new generation of mobile and Internet banking. With CKB GO, a complete banking service is available to you anytime and anywhere.
General requirements
- Client's age must be minimum 21 at the time of application
- Maximum 70 years of age on the last instalment due date
- Loan is approved at a fixed or variable interest rate
Loan security
- Administrative salary/pension withholding order for the loan beneficiary
- Bill of exchange and authorization for the bill of exchange of the loan beneficiary
- First-class mortgage on real estate registered in favour of the Bank
- Property insurance policy in favour of the Bank
- Guarantor/co-debtor
- Life insurance policy (optional)
Documents required
- Loan application form
- Signed copy of ID or copy of residence permit, for a non-resident
- Administrative salary/pension withholding order for the loan beneficiary
- Bill of exchange signed by the loan beneficiary
- Employment certificate (not older than 30 days), or pension cheque
- Employment contract (optional)
- Consent for access to the Credit Bureau Register (RKB) and copy of payment order for RKB
- Title deed (not older than 30 days), if required
- Registered accommodation facility certificate
- Renting/Rental agreement
- Authorization for property valuation
- Copy of seaman's book (matricula)
Additional documents to be provided by the entrepreneur
- Confirmation of settled tax liabilities issued by Tax Administration
- Tax return for the previous year
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.
The bank will inform the client about the disbursed loan via a free SMS message.