LOAN CONDITIONS:
- Interest Rate Starting from 3.50%* p.a.
- Administrative Expenses 0.50%
- Effective interest rate starting from 3.77%
- Loan maturity up to 180 months
- Maximum loan amount 500,000 EUR
REQUIRED DOCUMENTS:
- Personal ID or passport for all loan related parties
- Employment contract
- Family income proof
- Business registration certificate for the self-employed
- Purchase contract or construction work list
- The bank reserves the right to ask for additional documents based on client’s activity
EXAMPLES AND EXPLANATIONS:
| Housing loan | EUR 50,000 | EUR 100,000 | EUR 500,000 |
| Variable interest rate* | 3.50% | 3.50% | 3.50% |
| Effective interest rate | 3.77% | 3.71% | 3.63% |
| Maturity | 60 | 84 | 180 |
| Monthly installment | 909.72 € | 1,344.19 € | 3,575.28 € |
| Administrative expenses* | 0.50% | 0.50% | 0.50% |
| Total amount of loan that has to be paid until maturity | 54,582.93 € | 112,912.15 € | 643,550.01 € |
* Variable interest rate means the interest rate expressed as a variable percentage applied on an annual basis to the approved loan amount.
* Total cost does not include notarial costs, insurance, property valuation and municipality expenses.
*The Interest Rate is offered in cooperation with certain Construction Companies. To find out which companies are affiliated with BKT in this offer, please visit the nearest BKT branch, contact us via 038666666 or write to ks-customerservice@bkt.com.al
