Loan for legalization of facilities | Societe Generale Montenegro
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Loan for legalization of facilities

Bearing in mind the needs of part of our citizens in legalization of illegally constructed facilities, Societe Generale bank Montenegro offered favorable conditions for lending in the form of a loan for legalization, in accordance with the Law on space planning and construction of buildings.
To all citizens who choose to legalize their property, the bank has offered a competitive loan and allowed it to be raised without the loan approval fee.

"By following the Law on space planning and construction of buildings and recognizing the needs of a part of our citizens, we decided to help them and offer extremely acceptable conditions for financing the legalization of illegally constructed facilities. All of our existing, as well as new, creditworthy clients, can now raise a dedicated loan for legalization of their facilities without a mortgage up to € 15,000, and without the loan approval fee, with a repayment period up to 8 years and a fixed nominal interest rate of 6, 49%, and effective interest rate of 6.52%.
If the loan is secured by a mortgage on a real estate that will be legalized, it can be raised with a longer repayment period of up to 15 years with an even lower  fixed nominal interest rate of 4.99%, also without a loan approval fee. In this case, for example, for a loan of € 10,000 with repayment period of 15 years, the monthly annuity would be € 78.46 with the corresponding effective interest rate of 5%.
The offer we prepared is very attractive at this moment, especially because local municipalities have made a decision, or are in the process of making decisions, about the application of significant discounts if this compensation for the communal equipment of illegal facilities is fully paid. We believe that this process is extremely important for a number of our citizens, and we want to inform them that this type of loan can be raised in all seven branches in Podgorica, or in each of the twenty branches of Societe Generale bank Montenegro in the country "
stated Mr Radule Raonić, CCO/DCEO.

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