The credit line is a bank line of credit available to the client. This product is intended for clients who have frequent need to use various banking products. On the basis of the available credit line, the client can be granted:
Working capital loan
Letters of credit
Maturity: up to 36 months
Possibility of grace period
All legal entities and entrepreneurs registered in Montenegro
Product price is determined on the basis of economic and financial analysis of the company, credit history, turnover on the account with Nova Banka, collateral quality and value.
Bills of exchange and authorization
Authorization of collection right
Pledge on movables
Assignment of receivables
Deposit (Cash collateral)
How to apply for a credit line?
The SME loan application, along with the necessary documentation, should be submitted to a SME Relationship Manager. Upon the completion of the decision-making process, the SME Relationship Manager will inform the client whether the application has been approved and upon which terms and conditions.