Tirana Bank offers financial support for all Retail customers who want to be financed for:Improvement / reconstruction a residential property; Transferring a loan balance from another Bank; Home improvements consist in works that are incorporated in the building structure, like painting, tiles laying, installment of electrical/hydraulic/heating systems, etc

Lending Terms and Conditions:

Currency: EUR/ALL

Amount:

• Min: 8,000 EUR / 800,000 ALL
• Max 30,000 EUR / 3,000,000 ALL without Work Certification;
• Max: 200,000 EUR / 20,000,000 ALL with Work Certification;
• Duration: up to 20 years

Coverage (LTV):

	Minimum Coverage
	ALL	EUR
Residential property	118%	133%
Non-residential property (shops/offices/units)	165%	165%
Land	200%	200%

 Interest Rates: 

Currency	Residential Property	Non Residential Property
All	Fix interest rate for the first year *3.5%  Tbills 12M + 1.6%, (Min 4%)	Fix interest rate for  the first year *3.5%
Eur	Euribor 12M + 4%, (Min 4.5%)	Euribor 12M + 4%, (Min 4.5%)

 

 

Payment method: Principal and interest are paid in equal monthly instalments

Collateral: First-rank mortgage on the funded property or other property that meets the Bank's requirements

Documentation:

• ID card / passport
• Family certificate
• Employment confirmation issued by the employer

If the customer has his own business:

• Extract of National Registration Centre for Businesses (within the last month); NIPT;
• Tax Office verification of dues;
• Mortgage Deed;
• Work certification and/or Re-construction permit/notification at the municipality for the project.

Pre Contractual Information Improvement or reconstruction