This product is approved for the natural persons who need cash for solving a current lack of financial resources and who receive regular monthly incomes. 


▪ Loan may be approved for creditworthy borrowers who have received at least one salary/pension in a transaction account opened with Zapad banka.


▪ A creditworthy borrower is a client, who from a half of his /her monthly salary or pension can cover the overall monthly liabilities, including the installment of the loan he/she applies for.

Amount in EUR: 
up to EUR 100,000.00


Repayment period: 
up to 120 months


Nominal interest rate on annual basis: 
from 4,97% to 9,97% depending on the category of the Client and Client’s creditworthiness.


Loan approval Fee (as a lump sum settlement): 
from 0,10% (min. EUR 5,00) to 2,50% depending on the category of the Client and Client’s creditworthiness.


Grace period: 
up to 1 month 


Manner of repayment: 
Equal monthly annuity


Fee for early partial loan repayment or closure of the total loan as a lump sum settlement):

In accordance with the Law on Consumer Loans


Security interests: 
Garnishment and/or standing order for disposal with the funds at the transaction account. 2 (two) bills of exchange with draft authorization; 

Real estate mortgage and Real estate Insurance policy (except for the land) from basic forms of damage endorsed for the benefit of the Bank. 

Illustrative example

Loan amount in EUR



Repayment Period

120 months

120 months

Nominal interest rate annually



Monthly installment



Administration fees (the loan processing expenses, 2 (two) bills of exchange expenses, the Regulatory Credit Registry inquiry expenses)



Total interest amount



Effective interest rate



Total costs *



Total debt **



“Effective interest rate”  or " EIR original abbr. EKS " is a realistically applied interest rate calculated by the methodology prescribed by the Decision on the uniform method of calculating and disclosing effective interest rates on loans and deposits.  EKS expresses the total revenues that the bank charges from the client during approval and repayment of the loan, i.e. the total expenditure of the bank incurred relating to the payments to the client on the basis of the (possibly) received deposit. The calculation is made in a way that discounted monetary inflows are equated with discounted cash outflows that relate to loans and received deposits;

** Total costs are the sum of interests for the overall repayment period, loan processing fees (1.00%), fees for 2 bills of exchange (EUR 4.00) and the fees for the inquiry in the Credit Registry of the Central Bank of Montenegro (EUR 3.00).     
*** Total debt means the amount of the approved loan increased by the total costs incurred on the basis of the approval for the loan arrangement.  

**** In the above Illustrative example, EKS includes the administration fees (costs-loan processing, 2 (two) bills of exchange (EUR 4.00) and the inquiry in the Credit Registry of the Central Bank of Montenegro (EUR 3.00). The expressed EKS amount does not include the costs of obtaining the real estate folio in the cadastral register (EUR 5.00), the costs of making the statement of lien by the notary public, the property insurance policy for the real estate – the subject to mortgage, nor the cost of bill of exchange by a guarantor-/ co-debtor, if obtaining this instrument is a precondition for the loan approval. 

***** Apart from the above costs, EKS may include other costs relating to additional security instruments, if obtaining these instruments is a precondition for loan approval, such as: the costs of registration of pledge over movable assets, receivables, insurance policies on the pledged assets etc.

******. The Bank retains the right to ask for the alternative means of security that are assessed as acceptable and in accordance with its business policy.
  • ID card photocopy
  • Request for loan
  • Confirmation statement on employment and earnings amount
  • Pension check (optional)
  • Consent for making inquiry in 
  • Regulatory Credit Registry
  • Bill of exchange and bill of exchange authorization issued by a Client
  • Bill of exchange and bill of exchange authorization  by Guarantor/Co-debtor (optional)
  • Attachment of earnings issued by Client
  • Attachment of earnings issued by  Guarantor /Co-debtor (optional)
  • Statement on severance payment (optional)
  • Property insurance policy