Students Loan
Benefits
No collateral
Full coverage of study costs
Up to 7 years
Personalise your loan
Choose the amount that you need, the tenor and all the other details to achieve the most suitable conditions for you.
*The loan calculator is used to calculate the approximate monthly installment only based on the inserted data and you can change the inputs to match your finance needs. The information on the calculator below may not be totally updated. For more information contact our nearest branch to you.
The interest rate is fixed for this loan
The interest rate is fixed for this loan-
Monthly installment - first period- Lek
- Monthly installment - remaining period - Lek
- Loan amount - Lek
- Amount to repay - Lek
- Tenor - months
- Fixed interest rate - %
- - %
- Fixed interest rate - first period - %
- Fixed interest rate - remaining period - %
- Variable interest rate - remaining period - %
- Variable interest rate - %
The variable interest rate is indicative and may vary according to the reference in the respective date of the relevant index.
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Characteristics of the "EDU KREDI" - Student Loan
- Minimal amount EUR 500 / LEK 100,000 /
- Maximal Amount EUR 5,000 / LEK 750,000 /
- Tenor up to 84 Months or 7 Years
Did you know?
During your studying period (3+2 years) you will pay only the small amounts of interests.
You will start to pay your loan, only after you finished your studies.
Bank participation is 100% of the cost of studies.
When you apply for Student Loan, you also get Student Package
Subsidized student loan
A financing dedicated exclusively to university students in Albania, who are beneficiaries of the National Student Loan Scheme administered by AKFAL. This loan aims to support students financially during the period of studies, covering university fees and living expenses.
Who can benefit?
Funding is aimed at students resident in Albania who are pursuing:
- Bachelor (First cycle of studies - 3 years)
- Master (Second cycle of studies - 2 years)
- Integrated Studies (Integrated studies - 5 years)
- Medicine (Medical Studies - 6 years)
Note: Only students included in the official AKFAL list are eligible to apply.
Illustrative example for calculating the Effective Interest Rate of a Subsidized Student Loan (EIR)
- Currency: LEK
- Tenor: 60 months
- Loan amount: 330,000 LEK
- Administration fee: 5,000 LEK
Interest rate: State-subsidized student loan with a 6% interest rate, of which 1% is payable by the client after the study period (grace period) and 5% is subsidized by the State. During the study period, no interest is payable by the client.
Effective Interest Rate (EIR): 6.83%
This example is based on the maximum amount and longest tenor available for this product.
Illustrative example for calculating the Effective Interest Rate (EIR)
Student Loan
- Currency: ALL
- Tenor: 84 months
- Amount: ALL 750,000
- Administration fee: 5,000 ALL (fix for all amounts)
- Interest rate:8.5 % for the first 3 years,
- T-Bills 1Y + 6 %, MIR 8.5 % for the following year
The Effective interest rate is 9.10%, considering an Interest rate 8.5% for the first 3 years and after 8.6 (assuming that the applied Treasury Bill rate will be 2.6%).
Student Loan
- Currency: EUR
- Tenor: 60 months
- Amount: EUR 8 ,000
- Administration fee: EUR 50
- Interest rate: 7% for the first 3 years,
- Euribor1Y + 6.5 %, MIR 7% for the following years
The Effective interest rate is 8.27%, considering an Interest rate 7% for the first 3 years and after 9.2% (assuming that the applied Euribor rate will be 2.7%).
