UCB Cash Loans with Mortgage
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About the loan
Universal Capital Bank offers an attractive cash loan option with mortgage, intended for residents and non-residents up to 65 years of age. This product is ideal for anyone looking for favourable financing conditions with flexibility and security. Universal Capital Bank is here to help you achieve your goals with maximum support and transparency.
Don't wait! Take advantage of this opportunity and achieve financial security today. Contact us or visit the nearest branch to submit an application.
Option | UCB Cash Loans with Mortgage |
|---|---|
Amount | From 50,000.00 to 500,000.00 EUR |
Nominal Interest Rate | 5.00% – 9.00% |
Maturity | Up to 60 months |
Repayment Method | According to sources of repayment |
One-time Fee | 148.00 EUR |
Collateral
- First-tier mortgage
- Promissory note with promissory note authorisations
- Attachment of earnings
- Real Estate/Life Insurance Policy
- The bank may also request additional collateral
Note
Required Documentation:
- Loan application with supporting documentation
- Signed copy of ID card/passport
- Real estate certificate and property valuation report
Representative Example:
Total Loan Amount | 150,000 EUR |
|---|---|
Number of Installments | 60 |
Monthly Obligation Amount (Installment) | 2,822.56 EUR |
Loan Processing Fee | 148.00 EUR |
Fee for Providing Data from the Credit Registry of the Central Bank of Montenegro | 3.00 EUR |
Cost of Purchasing Two Promissory Notes | 4.00 EUR |
Real Estate Insurance Policy | 197.72 EUR |
Cost of Mortgage Statement Notarisation | 300.00 EUR |
Cost of Real Estate Appraisal | 110.00 EUR |
Mortgage Registration | 20.00 EUR |
Fee for Providing a Title Deed | 8.00 EUR |
Nominal Annual Interest Rate | 5.00% |
Effective Interest Rate | 5.22% |
Total Interest | 19,916.07 EUR |
Total Costs* | 20,706.79 EUR |
Total Amount Client is Required to Pay | 170,706.79 EUR |
Total costs represent the sum of interest for the entire period (EUR 19,916.07 EUR), costs of the loan approval fee (EUR 148.00), fees for promissory note (EUR 4), inquiry to the Credit Registryof the Central Bank of Montenegro (EUR 3), cost of real estate appraisal (EUR 110), cost of real estate insurance policy (EUR 197.72), cost of mortgage statement notarisation (EUR 300), cost of mortgage registration (EUR 20) and real estate title deed fee (EUR 8). The costs of real estate appraisal and real estate insurance policy were calculated on the specific example of real estate pledged as collateral, measuring 87 square metres.
The total amount that the client has to pay is EUR 170,706.79 EUR.
A representative example is shown based on the sample calculation from 26 December 2024.