Currency: LEK , USD, EUR                                 

Purpose of the loan:

• Apartment purchase
• Shop purchase
• Reconstruction / Furnishing                           

Interest Rate: Up to 20 years 1 Year LIBOR, Euro LIBOR,TBILL plus  *

(adjusted every year based on LIBOR, Euro LIBOR, TBILL) plus:

                                                                             USD 5.00 %; EUR 6.00 %; LEK   5.00 %   

Minimum Interest Rate (MIR) applicable : USD 9.00 %; EUR 8.50 %; LEK 13.00 %

Tenor: Up to 20 years

Collateral: House mortgage; Shop mortgage

Participation: 

• Not more than 70 % of house value;
• Not more than 50% of shop value;
• Not more than 50% of the total furniture investment

Payment mode: Fixed monthly instalment (principal + interest)

Monthly incomes: Not more than 60 % should cover the loan payment

(in any case a minimum of US$ 450 should remain for living expenses of a family of three).

If loan is approved:  1% of loan amount ,Min EUR 300 for the total reimbursement of Legal administrative expenses

(to be paid to the bank only once at the  opening of the file)

Additional payments:   

1. The notarisation of the contracts.
2. Life insurance (renewable each year for the outstanding loan amount).
3. Property insurance /earthquake (for the loan period).
4. The evaluation of property by a licensed expert.
5. Maintenance of the Account.
6. Expenses in the Registration Office of Immovable Properties (from LEK 3  000 to 10 000 depending from the value of the loan).

Prepayment: Two weeks notice to the Bank against EUR 50 penalty + 3% of the amount prepaid.

If you have a time deposit with us, then you’ll be offered preferential conditions

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