Long-term loans
Stable support for growth and development
Planning for the future and achieving major business goals requires reliable financial support. Our long-term loans for legal entities are designed for companies that wish to invest in development, expand capacity, purchase equipment, or implement strategic projects.
What are these loans specifically intended for?
- For investment in fixed assets (buildings, machinery, equipment).
- For investment in permanent working capital (vehicles).
- Refinancing of existing loans
What are the collateral instruments?
- Mortgage on real estate.
- Security interest over inventory, equipment, receivables, and securities.
- Guarantee provided by another legal entity or individual.
- Purpose deposit
- Guarantee issued by another bank.
- Promissory note.
- Payment order with authorization
What do I need?
- Loan application
- Official financial statements for the previous three years, together with an interim report for the current year.
- Customer and supplier ledgers as of December 31, and an interim overview for the current year.
- Overview of liabilities to suppliers as of December 31 of the previous year and an interim overview for the current year.
- List of real estate offered as collateral, along with an appraisal of the value of movable and/or immovable property.
- Auditor’s report, if required, for the last three years.
- Consent for access to the Credit Registry of the Central Bank of Montenegro (RKR).
Depending on the loan repayment term, one of the following documents must also be submitted:
- A business plan covering the period for which the loan is requested.
- Projected balance sheet and income statement for the period for which the loan is requested.
Early repayment of the loan
- The Bank shall charge a fee for early repayment of the total/partial obligations of legal entities in the amount of 3% of the principal debt, depending on the reason for early repayment.
- This fee shall not be charged in cases where the reason for early repayment is the disbursement of a new loan with our Bank (legal entities).
