Student loans

Reward your effort and brighten your future with a loan of up to €2,500 and a repayment period of up to 2 years!

The loan is intended for all pupils and students of universities and higher education institutions in Montenegro.

Users of this loan can be students of all universities and higher education institutions operating in Montenegro.

If the borrower is a student, their creditworthiness is not assessed.

If the borrower is a parent, their creditworthiness is assessed as follows:

if the loan is granted without a co-borrower, the monthly installment (annuity) may not exceed 1/3 of the average monthly net salary, pension, or monthly income from self-employment, property, and property rights;
if the loan is granted with one co-borrower, the monthly installment (annuity) may not exceed 1/2 of the average monthly net salary, pension, or monthly income from self-employment, property, and property rights.

The total of the participants’ ages at the time of signing the loan agreement and the repayment period may not exceed 70 years (for example, if the borrower is 69 years old, the repayment period may be a maximum of one year).

If the borrower is a client of the Bank and receives their salary into a current account at Hipotekarna Bank, the Bank may approve the loan without a co-borrower.

The creditworthiness of a co-borrower is assessed as follows:

if there is only one co-borrower, the monthly installment may not exceed 1/2 of their monthly income after all deductions;
if there are two or more co-borrowers, the sum of their available one-thirds of monthly income must be at least equal to the monthly loan installment.

Loan application form, completed by the borrower
Copy of the student record book (index) with certified information on the enrolled academic year, or a copy of the certificate of completion of the academic year.
Statement from the faculty, primary school, or secondary school confirming that the borrower is enrolled as a student or pupil
Proof of creditworthiness and administrative wage assignment order of the guarantor
Copy of the identity card of the borrower and guarantors

Loan amount: €2,500.00
Repayment term: 24 months
Interest rate: 8% per annum;
One-time loan processing fee: €51.47;
Promissory note cost: €8.00;
Credit Registry inquiry cost: €6.00;
Effective interest rate (EIR): 12.05% per annum;
Monthly installment (annuity): €112.75;
Total loan amount with interest: €2,807.13.

Apply now