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General Conditions on the Mortgage Loan for purchasing: Apartment / Shop or Commercial establishment / Reconstruction or Furnishing
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Mortgage Loan: |
Purchase of Apartment |
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Purchase of Shop or Commercial establishment |
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Reconstruction / Furnishing |
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INTEREST RATES: |
OFFER 1 |
OFFER 2 |
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Equal to TBill 1 Year + 0% |
FIXED INTEREST RATE OF LEK 9% FOR FIRST 2 YEARS |
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TBills 1 Year + 3% for the rest of the years |
TBILLS 1 YEAR + 3% FOR THE REST OF THE YEARS |
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Financing of the bank: |
Not more than 70% of the total value of the purchased apartment |
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Not more than 50% of the total value of the purchased shop/commercial establishment |
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Not more than 50% of the total value of the furnishing/ reconstruction |
Collateral:
The mortgage of purchased house, shop to be renovated/furnished.
Payment mode : Fixed monthly instalment (principal + interest).
Monthly income: Not more than 60% of the monthly income goes for the loan payment
Prepayment: Please notify the Bank two weeks before your closing payment.
Required documentation for pre-assessment of the borrower’s request.
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Mortgage request form addressed to the Bank (signed by the applicant(s)).
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Photocopy of the passport of the applicant and of wife /husband.
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One reference letter from employer.
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Borrower’s recent photo and husband/wife.
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Family Certificate of the last month.
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Leasing Agreements /Rent Agreement (If any)
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Employment(s) contract and of husband /wife.
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Employer’s verification for the actual salary.
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Dealing Contract.
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Verification of ownership issued by the Immovable Property Registration Office.
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Or: Certificate of ownership issued by the Immovable Property Registration Office*.
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* Recommended by the bank
** Approved loans incur administrative expenses. Please visit one of our branches. |
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