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General terms for "Mortgage Loan for Real Estate Purchase"
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Mortgage Loan for Real Estate Purchase

Currency

 

LEK  and  EUR       

 

Amount


Min: ALL 1,000,000/ EUR 10,000                            
 

Purpose of the loan:

  • Purchase/construction of residential real estate
  • Other real estate (shop, store, office etc.)

Interest Rate

 

1 - If the purpose of the loan is the Purchase/Construction of a residential real estate


EUR:        1.9% for 1st year or 3% for 1st 3 years;
                1Y Euribor + 3.7%, MIR 3.7%  for remaining years

LEK:         3% for 1st year or 3.5% for 1st 2 years or 4% for 1st 3 years;
                1Y TBill + 1.5%, MIR 3.8% for remaining years

2 - If the purpose of the loan is the Purchase/Construction of another real estate (shop, store, office etc.)


EUR:        2% for 1st year or 3.5% for 1st 3 years;
                1Y Euribor + 3.7%, MIR 4%  for remaining years

LEK:          3.3% for 1st year or 3.7% for 1st 2 years or 4% for 1st 3 years;
                   1Y TBill + 1.5%, MIR 4% for remaining years

Bank Participation

Not more than 70 % of residential real estate purchase

Not more than 50% of other real estate purchase

 

Tenor

 

Min: 5 years; Max: up to 30 years

 

Payment mode

 

Fixed monthly installments (principal + interest)


Collateral

Collateral type

  • Residential real estate
  • Other real estate

Loan to value (collateral)

Up to 70% of collateral value for residential real estate purchase

Up to 50% of collateral value for other real estate purchas

 

Commissions for mortgage loan

Administration fee

 

0.75 % of the loan amount
Min LEK 30,000 /EUR 200

 

Amendment of contract 

ALL 21,000/ EUR 150 for each amendment

 

A dditional Payments:


1. The notarization of the contracts

2. Life insurance (renewable each year for the outstanding loan amount)

3. Property insurance (for the entire loan period)

4. The evaluation of property by a licensed expert.

5. Maintenance of the current account (as per T&C in force)

6. Expenses in the Registration Office of Immovable Properties

Prepayment Fee

 

Market Innovation:  Intesa Sanpaolo Bank Albania is the first bank in the country which starting from March 7th 2016, will no longer apply commissions for the partial or total early repayment of loan obligations before its maturity date, on all the new mortgage loans, which purpose is for the purchase, or construction of a residential immovable property (house, apartment or place of residence) 

 

If the mortgage loan object is th e Purchase/Construction of another real estate (shop, store, office etc.)

1% of the prepaid amount when the period till maturity date is less than 1 year

2% of the prepaid amount when the period till maturity date is more than 1 year       

  

MORTGAGE GUIDE

 

The above data are informational. In order to receive the full Terms and Conditions, please address to one of our nearest branches or carefully read the category Individuals/ Loans/ Effective Interest Rates for Individuals

 

CALL CENTER
8006000 (Fee from Albtelecom & Eagle)
TEL: +355 4 22 76 000
CEL: +355 69 20 80 903
info@intesasanpaolobank.al

 

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