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CKB tourism home equity loan

CKB Tourism Home Equity Loan is the right solution if you want to get your facilities ready for the tourist season in time. It can be used to expand, renovate, equip and modernize tourist rental space. 

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 and clients with other kinds of regular provable income.


  • The loan is approved in the amounts from €10,000 to €150,000
  • Repayment period from 24 to 120 months
  • Possibility of seasonal repayment

Representative example

 25.000 EUR40.000 EUR60.000 EUR
Repayment period 120 months 120 months 120 months
(Annual) Nominal Interest Rate 6,99% 6,99% 6,99%
Monthly repayment 287,35 EUR 459,76 EUR 689,64 EUR
Administrative fee 375 EUR 600 EUR 900 EUR
Total interest 9.481,96 EUR 15.171,13 EUR 22.756,70 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 Title Deed 8 EUR 8 EUR 8 EUR
Effective Interest Rate 7,81% 7,64% 7,54%
Total cost of credit* 10.319,68 EUR 16.233,85 EUR 24.119,42 EUR
Total repayable 35.319,68 EUR 56.233,85 EUR 84.119,42 EUR


The costs of real estate appraisal and real estate insurance policy are calculated on a specific example of real estate, which is used as collateral, size 87m².

Loan calculator

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Annual nominal interest rate NIR

Annual effective interest rate

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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 1.5% 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
  • 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)

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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