Loan purpose: to enable the clients of the Bank to overcome imbalances between inflow and outflow of funds from the current business operations (by solving liquidity needs).
Maturity: up to 12 months with possibility of reapproval after every year
All legal entities and entrepreneurs registered in Montenegro
The interest rate and approval fee are determined on the basis of financial indicators, 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)
The request specified documentation should be submitted when applying.
The Bank reserves the right to request additional security in accordance with its credit policies.
How to apply for a loan?
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.