ckb krediti

CKB loan for reconstruction and refurbishment

CKB Loan for Reconstruction and Refurbishment can be used for the complete adaptation of a flat or a house, painting, purchase of joinery, or even for the construction of new residential premises, a new floor or attic.

When the suppliers submit their invoices, we can transfer 50% of the funds to their corporate accounts, and 50%, if you wish so, can be disbursed to you in cash.

Target clients

This 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 and clients with other kinds of regular income.


  • The loan is approved in the amounts from €5,000 to €30,000
  • Repayment period: from 12 to 240 months

Representative example

 15.000 EUR20.000 EUR30.000 EUR
Repayment period 120 months 180 months 240 months
(Annual) Nominal Interest Rate 5,40% 5,40% 5,40%
Monthly repayment 162,04 EUR 162,35 EUR 204,66 EUR
Administrative fee 150 EUR 200 EUR 300 EUR
Total interest 4.444,62 EUR 9.222,73 EUR 19.119,41 EUR
Real estate appraisal cost 60 EUR 60 EUR 60 EUR
Property insurance policy 197,72 EUR 197,72 EUR 197,72 EUR
Ugovor o hipoteci 170 EUR 170 EUR 170 EUR
Mortgage agreement 20 EUR 20 EUR 20 EUR
Fee for issuing Tittle Deed 8 EUR 8 EUR 8 EUR
Effective Interest Rate 6,60% 6,08% 5,86%
Total cost of credit* 5.055,34 EUR 9.883,45 EUR 19.880,13 EUR
Total repayable 20.055,34 EUR 29.883,45 EUR 49.880,13 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 15. 9. 2022. 

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
  • Title deed (not older than 30 days)
  • 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.