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 18,750,000/ EUR 150,000/ USD 132,000
Duration: 6 up to 25 months (Loan duration will be same with term deposit maturity date)
- 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)
Term deposit interest rate + 2%
- 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