|
General Conditions on the Mortgage Loan for purchasing: Apartment / Shop or Commercial establishment / Reconstruction or Furnishing
|
Mortgage Loan: |
Purchase of Apartment |
|
Purchase of Shop or Commercial establishment |
|
Reconstruction / Furnishing |
|
INTEREST RATES: |
OFFER 1 |
OFFER 2 |
|
Equal to TBill 1 Year + 0% |
FIXED INTEREST RATE OF LEK 9% FOR FIRST 2 YEARS |
|
TBills 1 Year + 3% for the rest of the years |
TBILLS 1 YEAR + 3% FOR THE REST OF THE YEARS |
|
|
|
|
Financing of the bank: |
Not more than 70% of the total value of the purchased apartment |
|
Not more than 50% of the total value of the purchased shop/commercial establishment |
|
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.
-
Mortgage request form addressed to the Bank (signed by the applicant(s)).
-
Photocopy of the passport of the applicant and of wife /husband.
-
One reference letter from employer.
-
Borrower’s recent photo and husband/wife.
-
Family Certificate of the last month.
-
Leasing Agreements /Rent Agreement (If any)
-
Employment(s) contract and of husband /wife.
-
Employer’s verification for the actual salary.
-
Dealing Contract.
-
Verification of ownership issued by the Immovable Property Registration Office.
-
Or: Certificate of ownership issued by the Immovable Property Registration Office*.
|
* Recommended by the bank
** Approved loans incur administrative expenses. Please visit one of our branches. |