Alpha Fix Housing Loan by Alpha Bank of Albania upto 500,000 Eur for 30 Years
Alpha Fix Home Loan offers fixed interest rate for a certain period and indexed interest rate after the fixed period and is a loan for the acquisition, construction or reconstruction of an immovable asset to be used for residential purpose, also this aims to finance the acquisition of plot of lands to be used for residential purpose
Product Detail
• Minimum amount 5,000 Eur or equivalent
• Maximum amount 500,000 Eur or equivalent
• Minimum tenor 5 years
• Maximum tenor 30 years
Alpha Fix Home Loan offers fixed interest rate for a certain period and indexed interest rate after the fixed period and is a loan for the acquisition, construction or reconstruction of an immovable asset to be used for residential purpose, also this aims to finance the acquisition of plot of lands to be used for residential purpose
Product Detail
• Minimum amount 5,000 Eur or equivalent
• Maximum amount 500,000 Eur or equivalent
• Minimum tenor 5 years
• Maximum tenor 30 years
Disbursement Fee
• 300 Eur / equivalent - for standard customers
• 210 Eur / equivalent for payroll customers in Alpha Bank
• Not applicable disbursement fee for balance transfers from other Banks
• 300 Eur / equivalent - for standard customers
• 210 Eur / equivalent for payroll customers in Alpha Bank
• Not applicable disbursement fee for balance transfers from other Banks
Prepayment fee
• 2% of the prepaid amount if the prepayment date and the maturity date is more than one year
• 1% of the prepaid amount if the prepayment date and the maturity date is less than one year
• Not applicable prepayment fee if the prepayment is realized under the insurance contract which aims the loan payment
• 2% of the prepaid amount if the prepayment date and the maturity date is more than one year
• 1% of the prepaid amount if the prepayment date and the maturity date is less than one year
• Not applicable prepayment fee if the prepayment is realized under the insurance contract which aims the loan payment
Interest Rates
Interest rate for the fixed period
Fixed 1 year 2.5% in Euro and 3.5% in Lek
Fixed 3 years 3.5% in Euro and 4.5% in Lek
Fixed 5 years 5% in Euro and 5.5% in Lek
Interest rate after the fixed period
EUR: 12M Euribor + 5%
LEK: 12M BTH + 2.5%
Fixed 1 year 2.5% in Euro and 3.5% in Lek
Fixed 3 years 3.5% in Euro and 4.5% in Lek
Fixed 5 years 5% in Euro and 5.5% in Lek
Interest rate after the fixed period
EUR: 12M Euribor + 5%
LEK: 12M BTH + 2.5%
Currency
|
Fixed period
|
Interest rate
|
Effective interest rate
|
Forecasted monthly installment
|
EUR
|
1 year
|
2.5%
|
3.12%
|
99.23 EUR
|
EUR
|
3 years
|
3.5%
|
4.17%
|
112.94 EUR
|
EUR
|
5 years
|
5%
|
5.75%
|
135.27 EUR
|
LEK
|
1 year
|
3.5%
|
4.23%
|
13,471 LEK
|
LEK
|
3 years
|
4.5%
|
5.28%
|
17,200 LEK
|
LEK
|
5 years
|
5.5%
|
6.33%
|
17,033 LEK
|
The monthly installment is calculated for an amount of 25,000 Euro or 3,000,000 ALL for a repayment period of 30 years. Floating interest rates will be revised every 12 months according the base rate of each currency on the date of the first disbursement.
Collateral Types
• Residential immovable asset (1st rank mortgage) with coverage 143% of the loan amount
• Shops / Office owned by individuals (1st rank mortgage) with coverage 167% of the loan amount
• Plot of land (1st rank mortgage) with coverage 200% of the loan amount
• Shops / Office owned by individuals (1st rank mortgage) with coverage 167% of the loan amount
• Plot of land (1st rank mortgage) with coverage 200% of the loan amount
Official Website of Bank http://www.alphabank.al
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