NLB Banka is organizing a grand prize game under the slogan "NLB Banka is giving away an apartment. Welcome to your new home”. All citizens who become clients of NLB Banka until 31.12.2019. and receive at least three salaries or three pensions by 31.03.2020. through a newly opened NLB account, can participate in the prize game. The € 55,000 apartment, which NLB Banka will give away, is located in an exclusive location in the Central Point residential-business district in Podgorica.
NLB Banka enjoys the trust of citizens and is positioned as a leader in the housing loan market with more than a quarter of its market share in 2018.
"I believe that a significant number of citizens who have not yet resolved their housing issue will reap the benefits of our exceptional credit offer and unique prize game that will allow anyone who passes on their personal account and income to the NLB Banka, to get their new home.
We were inspired and encouraged by the fact that out of all citizens who, thanks to the Government's '1000+' project, solved their housing problem, a significant majority chose to secure a loan for this important investment, precisely through NLB Banka. Being a leader in this important segment of our business requires us to make additional contributions and support our future clients, and we believe that with this prize game and our offer, we succeeded in” said Dino Redžepagić, Executive Director of NLB Banka.
With the opportunity to win an apartment, new NLB Banka clients can enjoy all the benefits of a welcome package by the end of the year, which includes: free membership fee for a selected service package, overdraft in an amount up to two salaries, no interest, no commission fees for mobile and electronic banking. In addition, NLB Banka offers a cash loan of up to EUR 25,000 and a housing loan at an exceptional interest rate of 3.49% + 6M Euribor.
In July this year, NLB Banka was named for the best bank in Montenegro for 2019 by the reputable financial magazine "Euromoney", based on several criteria, among which, apart from the financial indicators for the period from April 2018 to April 2019, wherein consideration were taken market position, investment in innovation, research, new services, management system and professionalism of employees. The key criteria for the award were the promotions implemented in the previous 12 months. The NLB Banka also owes the winning prize to an environment that recognizes the potential of the bank, and a prize game is one way to justify the trust shown.
NLB Banka will continue to innovate its offerings and find the best solutions that will provide citizens with comprehensive financial treatment, finding ways to appreciate the community in which they operate.
Representative examples:
Housing loan: variable interest rate (3.49% + 6M Euribor)
For the loan of EUR 40,000 and repayment period of 240 months, the annual interest rates are: nominal interest rate (NIR) 3.49% + 6M Euribor, effective interest rate (EIR) 4.11%. Included in the EIR calculation is the NCS, a one-time loan processing fee of 1.5% of the loan amount (EUR 600), a fee for 1 promissory note (EUR 2), an inquiry fee in the CBM Credit Registry (RKB) (EUR 3.50). the cost of the life insurance policy is 908.55 EUR (The amount of the premium is payable once and depends on the client's health condition. The access age taken in the example is 35 years.), the cost of a notary 170 EUR (The cost may have minor deviations depending on the circumstances of the case.), the cost of the property insurance policy is 101.90 EUR and the cost of the real estate appraisal is 70 EUR. (Total: 1,855.95 EUR). The total amount to be paid by the client is EUR 57,493.73, while the amount of the monthly annuity is EUR 231.83. The total amount paid by the client is the sum of the principal, total interest and other fees associated with the loan approval. The obligatory security instrument is the promissory note and the promissory note of the borrower. If other security instruments are required for the approval of the loan, it is necessary for the user to commit to concluding additional services contracts, in which case the costs related to those additional services include additional fees that are not included in the effective interest rate calculation. (e.g., insurance policy costs, costs of issuing real estate listings, etc.). The EIR is valid on the date of the information settlement 05.09.2019. Euribor correction is made twice a year (January 1 and July 1).
²Overdraft
For the amount of the approved overdraft of EUR 500 with a repayment period of 24 months, interest rates on an annual basis are: nominal (NIR) 0 fixed, effective (NIR) 0. The NIR is included in the calculation of the NIR. The minimum amount of monthly repayment is equal to the amount of interest accrued on the amount of the approved credit limit. Transferring the amount of the approved overdraft to the user's account enables the user to withdraw the overdraft. Other costs paid by the client in connection with the authorized overdraft are: fee for 1 promissory note (EUR 2), a fee for inquiry in the CBCG Credit Registry (EUR 3,50). Valid for the promotional period, from 15.09. to 31.12.2019.