Property buying guide for Montenegro
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Mortgages in Montenegro

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Montenegro does not issue mortgage loans to foreign citizens who are not the residents.

For residents, conditions are the following:

Minimum loan amount

€10,000

Maximum loan amount

€400,000

Rates

4–4.5% per annum (in EUR)

Loan term

From 3 to 30 years

Maximum age of borrower by the end of the loan term

70

Source: Erste Bank

Application for mortgage in Montenegro requires the following documents:

  • mortgage application;
  • garnishment consent or employment certificate; 
  • mortgaged property value assessment;
  • salary transfer statement;
  • 3 last payslips or an account statement;
  •  property sales agreement;

Borrowers must also have an account with the bank they apply to.

All the documents must be rendered into Montenegrin by a certified translator.

Loan applications take several weeks for approval.

Extra costs

Borrowers also pay mortgage arrangement and annual insurance fees.

Property appraisal and Due Diligence

 — 

Property insurance

Depending on the property value

Mortgage arrangement fee

1% of the loan value

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    Property buying guide for Montenegro
    Article 3 of 7
    Tranio’s managers offer advice on buying real estate in Montenegro
    Marina Filichkina
    Marina Filichkina
    Head of Sales Tranio Thailand, Europe
    +44 17 4822 0039
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