The main conditions for a credit approval are that the credit beneficiary is a depositor of Atlasmont Bank, performs business transactions on the territory of Montenegro, that it is solvent and has submitted the loan application with all the required supporting documentation (financial statements and other documents providing evidence of business activities of a company – a solvency analysis).
The Bank disburses short-term and long-term loans at interest rates ranging between 8% and 12%, depending on the purpose and repayment period of the loan.
For short-term loans secured with a deposit, the annual interest rate varies from 1% to 4%.
The management fee is one-off and ranges between 0.5% and 1%.
Possible security instruments:
- Authorization to the bank to fulfil the collection order (Form 2) and debit the gyro account of a debtor for the same amount to be credited to the Bank’s gyro account
- A blank promissory note or a bill guarantee with authorization
- Fiduciary right of transfer of property, i.e. mortgage
- A guarantee from another creditworthy legal entity
- A deposit
- Pledged securities
Contact: +382 81/407 275, 407 221, 407 222
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