CKB kredit za refinansiranje en

CKB refinance loan

CKB refinance loan

If you want to consolidate all your loans and repay them in a simpler and easier manner, choose CKB Refinance Loan, which provides refinancing of loan obligations at the banks and micro-credit institutions in Montenegro.

This refinancing loan gives you the possibility to refinance your loan obligations and if you need additional cash, the Bank can approve it in the amount of 50% of the sum to be refinanced.

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, and seafarers.


  • The loan is approved in the amounts from €300 to €25,000 (without guarantors)
  • Repayment period from 3 to 120 months

Representative example

 10.000 EUR15.000 EUR25.000 EUR
Repayment period 60 months 72 months
120 months
(Annual) Nominal Interest Rate 9,59% 9,29% 8,99%
Monthly repayment 210,43 EUR 272,54 EUR 316,55 EUR
Administrative fee 150 EUR 225 EUR 375 EUR
Total interest 2.625,96 EUR 4.623,00 EUR 12.985,63 EUR
Effective Interest Rate 10,76% 10,31% 9,76%
Total cost of credit* 2.780,96 EUR 4.853,00 EUR 13.365,63 EUR
Total repayable 12.780,96 EUR 19.853,00 EUR 38.365,63 EUR


*Total cost of credit represents the sum of interest for the entire period, administrative fee, bill fee (€2) and fee for inquiry to the CBCG Credit Bureau (€3). A representative example is shown on the example of the calculation from 1. 12. 2023. 

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 1,50% of the loan amount.

General requirements

  • Client's age must be minimum 21 at the time of application
  • Maximum 67 years of age on the last instalment date, without guarantors
  • Maximum 70 years of age on the last instalment date, with guarantors

Loan security

  • Administrative salary 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)
  • Authorization for collection against the account of the corporate entity (in exceptional cases)

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
  • Bill of exchange and authorization for the bill of exchange
  • Employment certificate (not older than 30 days) or copy of seaman's book for seafarers (matricula)
  • 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.

CKB refinance loan

Interested for CKB refinance loan? Apply online.

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