CKB housing loan
CKB housing loan
That special feeling when you close the door to your apartment. The silence that belongs only to you. It's not just real estate - it's your territory, your freedom. And the way to it can be surprisingly simple.
Target clients
CKB housing loan is intended for residents and non-residents with employment and regular residence in Montenegro, employees for a fixed and indefinite period, seafarers, pensioners, entrepreneurs (must have existed for a minimum of one year), clients with other types of regular income that they can prove.
Advantages
- no commission for loan approval
- The loan is approved in the amounts from €10.000 to €300.000
- Repayment period from 12 to 360 months
Representative example
*Costs of real estate appraisal and real estate insurance policy are calculated on a specific example of real estate, which is pledged as security, with a size of 87m². A representative example is shown on the example of the calculation from April 1, 2025.
**Total costs represent the sum of interest for the entire period, the cost of the real estate appraisal (80 euros), the cost of the real estate insurance policy (197.72 euros), the cost of certifying the pledge statement, the cost of registering the mortgage (20 euros) and the fee for issuing the real estate certificate (5 euros).
***6M Euribor on April 1, 2025. year is 2,354
****For a repayment term of less than 20 years, in accordance with business policy, the Bank reserves the right to apply a different pricing policy.
Loan calculator
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
Variable interest rate risk
Negotiating a variable interest rate exposes the client to the risk of interest rate changes, which may affect the change in the total amount paid for the loan (its increase or decrease). Changes in the reference interest rate (EURIBOR) can have a negative or positive effect on the client's financial position. For example the growth of the reference interest rate (EURIBOR), to which the interest rate per loan is linked, can affect the growth of the monthly annuity amount and affect the client's ability to repay the loan, but vice versa (its decrease will reduce the amount of the annuity).
The longer the loan repayment period, the greater the probability of a significant change in the interest rate. It is important to understand that it is not possible to predict with certainty the events that affect the change in the reference interest rate, so it is the responsibility of each contracting party to assess its interest and the acceptability of such a risk
What is EURIBOR?
EURIBOR (Euro Interbank Offered Rate) is a reference interest rate set on the European interbank market for the euro (EUR). It is determined daily as the average rate at which first-class banks in the eurozone lend unsecured assets in EUR to each other. The mentioned banks must meet certain criteria in order for EURIBOR to be representative and reflect the real situation on the money market. More information about EURIBOR is available at: www.euribor-ebf.eu
Crnogorska komercijalna banka AD Podgorica (the Bank) does not influence the level of EURIBOR and cannot predict the future movements of EURIBOR, nor, in this connection, the possible consequences that may arise as a result of changes in EURIBOR
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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.