CASH LOAN
Cash loans are intended for all natural persons in Montenegro who receive regular income based on an employment contract for an indefinite/fixed period of time, a pension from the PIO Fund of Montenegro* or income from any other registered business activity. Funds from the cash loan can be used in a way that best meets the client's needs. The approval of this loan, its amount and maturity are determined by the creditworthiness and total indebtedness of the client.
Loan amount: up to EUR 25,000.00**
Loan repayment term: from 3 to 120 months**, through equal monthly annuities
Price conditions:
Fixed interest rate: from 6.90 % to 12.50%, annually
The loan processing fee is defined by the Tariffs, please visit the following link
https://ziraatbank.me/en/tariffs
Collateral instruments:
The structure of collateral instruments is determined for each request individually, depending on the creditworthiness, risk assessment of the client, as well as the classification of the employer. The list of possible collateral instruments that can be requested from the client are: promissory notes, administrative ban on salary/pension, guarantee of a natural/legal person, co-borrower(s), life insurance policy, mortgage on real estate and all other collateral instruments that the Bank deems appropriate.
Payment method:
The entire amount of the loan is paid directly to the client's account, for non-purpose spending or for the needs of refinancing loans approved by other financial institutions.
*The age at the time of the final maturity of the loan for pensioners is 78 years of age.
**For all cash loans with a repayment term longer than 96 months and/or over EUR 20,000.00, it is necessary to provide additional collateral instruments in accordance with the creditworthiness of the client and the Decision of the competent decision-making authorities.
Representative example
| Informative calculation | Fixed interest rate |
| Total loan amount | 10,000.00 EUR |
| Number of installments | 72 months |
| Monthly annuity amount | 172.88 EUR |
| Nominal interest rate (NIR) | 7.50% |
| Effective interest rate (EIR)* | 8.07% |
| Total interest | 2,446.86 EUR |
| Credit application processing fee | 70.05 EUR |
| Bill of exchange fee | 6.00 EUR |
| Fee for an inquiry in the CBCG Credit Register (RKB) | 3.00 EUR |
| Total amount to be paid by the consumer: (represents the sum of the loan principal, total interest and other previously mentioned fees and costs in connection with the loan approval) |
12,525.91 EUR |
| The given representative example is informative and certain values may vary. | |
*The calculation of the effective interest rate (EIR) includes the nominal interest rate, a one-time fixed fee for loan processing, a fee for 3 promissory notes (EUR 2.00 per promissory note) and a fee for an inquiry into the CBCG Credit Register. Collateral structure for the presented representative example include promissory notes with promissory notes and administrative prohibition. EIR is valid on the date of the information calculation, 07.01.2026.
The bank reserves the right not to approve the loan or to request additional collateral instruments in accordance with the client's credit history and creditworthiness assessment.