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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.
The above data are informational. In order to receive the full Terms and Conditions, please address to one of our nearest branches. |
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