NLB Banka has prepared special benefits for its clients as part of the campaign for the coming fall ”From best bank, the most benefits”, that clients will be able to use from 15th of September up to 31st of December 2019.
In order to continue taking care of its clients in the best possible way, while respecting real financial needs, NLB Banka has created a special offer, providing numerous credit products and advanced channels for distribution of financial services that make day-to-day financial management easier, on very favorable terms.
In an effort to continue to be a reliable financial mentor in addressing the most important life issue for many citizens, NLB Banka in its campaign ”From best bank, the most benefits”, offered home loans at 3.49% interest rate + 6M Euribor1 for all who plan to address housing by the end of the year. For those who need a larger amount of cash, a cash loan of up to EUR 25,000 is available and a minus of two salaries is allowed, excluding interest2.
Bank customers who have not yet enjoyed the benefits of one of the NLB Packages, as part of this campaign, have the opportunity to use the newly opened NLB Package without paying membership fees by the end of the year. During the campaign, the users of electronic and mobile banking will also be able to feel the benefits of the campaign as all transactions through this services will be performed without fee.
The new offer of the NLB Bank is at the same time a sign of gratitude to all the clients for their trust shown during the previous years and for their contribution towards the flattering achievement: “Best Bank in Montenegro 2019”, awarded by the financial magazine “Euromoney”.
The rating from this prestigious magazine was made on the basis of positive business results, demonstrated efficiency at work and implemented innovations in the field of advanced customer experience, which NLB Banka will continue to work on in the future.
New autumn offer of NLB bank is a refreshment on the domestic banking market, whose goal is providing citizens with overall financial support.
__________
Representative example
1 Housing loan: variable interest rate (3.49% + 6M Euribor)
For the loan amount 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%. The effective interest rate (EIR) calculation includes a nominal interest rate, a one-time loan processing fee of 1.5% of the loan amount (EUR 600), 1 bill of exchange fee (EUR 2), inquiry fee in the CBCG Credit Register (RKB) (EUR 3.50), cost of life insurance policy1 908.55 EUR, cost of notary public2 (EUR 170), cost of property insurance policy3 (EUR 101.90), cost of real estate valuation3 (EUR 70). (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 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 beneficiary to commit to concluding additional services contract, in which case the costs related to those additional services include additional fees that are not included in the previous 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. years. Euribor correction is made twice a year (January 1 and July 1).
1 The amount of the premium is paid on a one-off basis and depends on the client’s state of health. The access age taken in the example is 35 years.
2 The cost may have minor variations depending on the circumstances of the case.
3 The surface of the residential building is 40m2, with a construction value of 500 EUR per m2.
2 Allowed minus
For the amount of the approved credit limit 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 effective interest rate (EIR) calculation includes a nominal interest rate (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 credit limit to the user’s account enables the user to withdraw the credit limit. Other costs paid by the client in connection with the authorized overdraft are: fee for 1 bill of exchange (2 EUR), fee for inquiry in the Credit Registry of the CBM (3,50 EUR). Valid for promotional period, from 15.09. do 31.12.2019. years.
