Lovćen Bank Throws Down the Gauntlet: €10,000 Cash Loan with 6.99% Interest and Half-Price Fees!
Ready to get into debt but don’t want to lose your pants? Lovćen Bank decided to make life easier and offers a standard cash loan of €10,000 with a fixed interest rate of 6.99% per year. But wait, there’s more! The loan processing fee is slashed by 50%, meaning you pay only €50 instead of the full price.
What do you get for that €10,000?
- Repayment term: 7 years (84 months)
- Effective interest rate: 7.40%
- One-time processing fee: €50 (reduced from €100)
- Promissory note fee: €2
- Credit registry inquiry fee: €3
- Total amount to repay: about €12,760
- Monthly installment: about €180
Is this really a good deal?
Considering the fixed interest rate and long repayment term, this could be a solid offer for those who need money immediately and don’t want to struggle with high interest or hidden costs. But, of course, it comes with mandatory collateral — a promissory note and monthly authorization from the borrower. If you’re up for it, Lovćen Bank also offers an option for administrative ban as extra security.
How to get the loan?
You can get all the info at any bank branch or via the contact center. If you’re confused, advisory services are available to help you pick the best option. But hurry, this offer is valid only until December 31 this year!
Why does this matter?
In times when loan interest rates are often high and banks are full of hidden fees, Lovćen Bank took a bold step — to cut costs and offer a transparent loan. Is this the start of a new era of cheaper loans in Montenegro? Or just a marketing stunt?
Your take?
Would you take this loan? Is the 6.99% interest and total cost really a bargain? Or is it better to wait and hunt for even better terms? Drop a comment, share your bank stories, or just crack a good loan joke — you know we love a good story!
Bottom line
Lovćen Bank is ready to hand you €10,000, but remember every debt has its price. Think carefully before signing, because 7 years of repayment is no joke. But if you need cash and want a fixed rate, this might be just what you’ve been waiting for.
Either way, the loan is here, and the choice is yours — to take it or not. Just don’t say we didn’t warn you!
Slug: lovcen-bank-cash-loan-10000-euro-interest-699-fee-discount
