All Credit Institutions’ Consumer Loans Offer in One Spot from Today

03/04/2024

Today, the CBCG starts publishing consumer loans offered by all credit institutions in Montenegro on its website.

The Informative List of Offered Consumer Loans contains basic information consumers need when selecting a loan, such as data on the interest rate amount, loan repayment period, interest rate type (fixed, variable, or combined), and others.

The informative list provides information on all credit institutions’ offers for the following eight most common consumer loan types: cash all-purpose loans, cash loans for pensioners, housing loans, mortgage loans, loans for reconstruction and adaptation, loans for refinancing, loans for purchasing a motor vehicle and education loans.

Based on the information in the Informative List, consumers can compare interest rates of all credit institutions in Montenegro quickly, simply and in one spot, and more easily decide whose lending services they will use.

We remind you that the CBCG has been publishing an overview of fees credit institutions charge for providing different payment services, such as account management services, internet and mobile payments, receiving and transferring funds, and credit and debit cards issuing on its website since January 2023.

The CBCG thus contributes to better consumer information and stronger protection of their rights by enabling faster and more straightforward comparison of credit institutions’ offers. We also expect increased transparency to strengthen market competition, which will open up space for additional credit institutions’ price policy corrections and, ultimately, lower clients’ costs.

We also inform the public that, as a result of a recent CBCG initiative, the CBCG published the overview of loans offered by credit institutions to citizens at reduced interest rates on the CBCG website today.