Alpha Housing loan secured with CASH deposit for 25 Years
Alpha Cash collateral Home Loan offers indexed interest rate during the whole repayment 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 secured with Cash deposit in Alpha Bank.
Interest Rates
EUR: Euribor 12M + 4.1%
LEK: BTH 12M + 1.5 %
The monthly installment is calculated for an amount of 25,000 Euro or 3,000,000 ALL for a repayment period of 25 years. Floating interest rates will be revised every 12 months according the base rate of each currency on the date of the first disbursement.
Alpha Cash collateral Home Loan offers indexed interest rate during the whole repayment 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 secured with Cash deposit in Alpha Bank.
Interest Rates
EUR: Euribor 12M + 4.1%
LEK: BTH 12M + 1.5 %
Disbursement Fee
• 0.5% Disbursement fee on the approved principal for standard customers
• 0% Disbursement fee for payroll customers in Alpha Bank for balance transfers from other Banks
• 0.5% Disbursement fee on the approved principal for standard customers
• 0% Disbursement fee for payroll customers in Alpha Bank 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
Monthly Installments Example
Currency
|
Interest rates
|
Effective interest rates
|
Forecasted monthly installments
|
EUR
|
4.10%
|
4.26%
|
134.14 EUR
|
LEK
|
3.45%
|
3.55%
|
14,938 LEK
|
The monthly installment is calculated for an amount of 25,000 Euro or 3,000,000 ALL for a repayment period of 25 years. Floating interest rates will be revised every 12 months according the base rate of each currency on the date of the first disbursement.
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