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CKB housing loans

CKB housing loans in cooperation with KIPS Gradnja

Home is where the family is, your safe haven. To help you to create the home just the way you want it, CKB offers you a special offer for the purchase of housing units, with a quick and easy approval procedure.

In cooperation with the prestigious construction company KIPS Gradnja, CKB offers a housing loan for apartments under construction, within the Oasis Project in Podgorica on the Radoje Dakic plot, in lamellas A and B, and within the „Family Residence Zabjelo“ Project with a fixed nominal interest rate of 5.40% (EIR 6.01%)* and a loan processing fee of 0.5%.

As collateral for these loans, clients will provide a mortgage on the residential space that is the subject of the sale, secured in favour of CKB.

Target clients

CKB Housing 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.


  • The loan is approved in the amounts from €5,000 to €300,000
  • Repayment period: from 12 to 300 months
  • For apartments under construction
  • Without a life insurance policy

Representative example

 30.000 EUR50.000 EUR70.000 EUR
Repayment period 120 months 240 months 300 months
(Annual) Nominal Interest Rate 5,40% 5,40% 5,40%
Monthly repayment 324,09 EUR 341,12 EUR 425,68 EUR
Administrative fee 150 EUR 250 EUR 350 EUR
Total interest 8.890,74 EUR 31.868,78 EUR 57.705,03 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 6,01% 5,72% 5,66%
Total cost of credit* 9.501,46 EUR 32.579,50 EUR 58.515,75 EUR
Total repayable 39.501,46 EUR 82.579,50 EUR 128.515,75 EUR


*Total costs represent the sum of interest for the entire period, administrative fees, fees for 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 1. 12. 2022. 

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 0.5% 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
  • The 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
  • Preliminary contract with the seller/investor/contractor
  • Title deed (not older than 30 days), if required
  • 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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