Hipotekarni kredit

For any purpose, with easier repayment

CKB home equity loan

CKB Home Equity Loan is the right solution for you if you need cash for a desired purchase, quick settlement of your obligations or you want to renovate your facilities for the next tourist season, while calmly repaying the loan for a longer period of time.

CKB Home Equity loan may be used to refinance existing obligations, refurnish apartment, but also for any other purpose chosen by client.

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.


  • Possibility to refinance the client's current obligations
  • Loan is approved in the amounts from €3,000 to €150,000
  • Repayment period: from 24 to 240 months

Representative example

 25.000 EUR40.000 EUR60.000 EUR
Repayment period 120 months 180 months 240 months
(Annual) Nominal Interest Rate 6,49% 6,49% 6,49%
Monthly repayment 283,78 EUR 348,27 EUR 447,05 EUR
Administrative fee 250 EUR 400 EUR 600 EUR
Total interest 9.054,02 EUR 22.689,05 EUR 47.292,90 EUR
Real estate appraisal cost 60 EUR 60 EUR 60 EUR
Property insurance policy 197,72 EUR 197,72 EUR 197,72 EUR
Mortgage agreement 170 EUR 170 EUR 170 EUR
Mortgage registration cost 20 EUR 20 EUR 20 EUR
Fee for issuing Tittle Deed 8 EUR 8 EUR 8 EUR
Effective Interest Rate 7,38% 7,06% 6,92%
Total cost of credit* 9.766,74 EUR 23.551,77 EUR 48.355,62 EUR
Total repayable 34.766,74 EUR 63.551,77 EUR 108.355,62 EUR


Total costs represent the sum of interest for the entire period, administrative fees, fees for 2 bills of exchange (4 EUR), inquiries to the Credit Bureau of the CBM (3 EUR), the cost of real estate appraisal (60 EUR), the cost of real estate insurance policy (197.72 EUR), cost mortgage agreement (170 EUR), the cost of registering a mortgage (20 EUR) and the fee for issuing a list of real estate (8 EUR). The costs of real estate appraisal and real estate insurance policy are calculated on a specific example of real estate, which is pledged as security, size 87m². A representative example is shown on the example of the calculation from 18. 7. 2023. years.

Loan calculator

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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% of the loan amount

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
  • Client may not be older than 78 in case of a home equity loan for pensioners with group life insurance policy
  • 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)
  • Group life insurance policy (for home equity loan for pensioners with group insurance policy)

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.

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