Cash Collateral aims to cover different financial needs for all Retail Customers who offer their term deposit at Tirana Bank as guarantee.

Currency: ALL, EUR, USD

Amount: ALL 15,000,000/ EUR 150,000/ USD 132,000   

Duration: 6 up to 25 months (Loan duration will be same with term deposit maturity date)

Financed limit:

• 80% of term deposit (when T/D and loan are in the same currency)
• 70% of term deposit (when T/D and loan are in different currency)
                         

 Interest Rates: 

Term deposit interest rate  + 1%                                                                                                 

Payment method:                        

• Principal and interest are paid in equal monthly installments
• Principal and interest are paid in term deposit maturity date.

Collateral: The term deposit established as collateral will be registered at the Securing Charges Registry (RBS) in cases when:

• Loan amount is ≥ 20,000 EUR (equivalent in  ALL, USD currencies);
• Borrower is owner/administrator of a private business or licensed as Physical Person regardless of the loan amount;

  For more information, contact our branches or call for free at Info Bank 0800 68 68.

 

Pre Contractual Info Cash Collateral