Alpha Plan Housing Loans by Alpha Bank of Albania upto EUR 500,000 or the equivalent in lek for 30 Years tenor
Alpha Plan Housing Loans by Alpha Bank of Albania upto EUR 500,000 or the equivalent in lek
Alpha Plan loans for house offers variable interest rate throughout the loan duration and serves for the purchase, construction or reconstruction of a property as a house, apartment or land plot purchases (non-agricultural land), which will be used for residential purposes.
Product Characteristics
Examples of monthly installment for standard customers
The monthly installment is calculated for an amount of 25,000 Euro / equivalent in USD 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.
Alpha Plan loans for house offers variable interest rate throughout the loan duration and serves for the purchase, construction or reconstruction of a property as a house, apartment or land plot purchases (non-agricultural land), which will be used for residential purposes.
Product Characteristics
- Minimum amount 5,000 Eur or equivalent
- Maximum amount 500,000 Eur or equivalent
- Minimum tenor 5 years
- Maximum tenor 30 years
Disbursement Fee
• 1.0% Disbursement fee on the approved principal for standard customers, minimum 200 Eur or equivalent
for amounts up to 150,000 Eur or equivalent or equivalent in Lek
• 0.75% For disbursed amounts up to 150,000 Eur or equivalent in Lek
• 0.7% Disbursement fee on the approved principal for payroll customers in Alpha Bank
• 0.0% Disbursement fee on the approved principal for balance transfers from other Banks
• 1.0% Disbursement fee on the approved principal for standard customers, minimum 200 Eur or equivalent
for amounts up to 150,000 Eur or equivalent or equivalent in Lek
• 0.75% For disbursed amounts up to 150,000 Eur or equivalent in Lek
• 0.7% Disbursement fee on the approved principal for payroll customers in Alpha Bank
• 0.0% Disbursement fee on the approved principal 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
Examples of monthly installment for payroll customers
Currency
|
Interest rates
|
Effective interest rates
|
Forecasted monthly installment
|
EUR
|
4.1%
|
4.82%
|
121.63 EUR
|
LEK
|
4.3%
|
5.07%
|
14.846 LEK
|
Examples of monthly installment for standard customers
Currency
|
Interest rates
|
Effective interest rates
|
Forecasted monthly installment
|
EUR
|
4.25%
|
4.97%
|
123.85 EUR
|
LEK
|
4.45%
|
5.23%
|
15.112 LEK
|
The monthly installment is calculated for an amount of 25,000 Euro / equivalent in USD 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 Type
• 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
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