SECURED LOANS FOR THE SELF-EMPLOYED Make your dream home happen
Realize your dream of the ideal home. Finance the purchase with a home loan and start a new chapter in your life.
- MASS clients: Fixed interest rate 4% for the first 10 years with APR 4.05%
- PREMIUM clients: Fixed interest rate 4% for the first 10 years with APR 4.02%
The offer is valid until December 31, 2026. After the fixed interest period, standard rates will apply according to the client segment at Raiffeisen Bank.
Warning: Borrowing is a financial responsibility and involves costs. Get well informed before making a decision.
MASS clients
Home loans in our bank offer the following benefits:
Discover what a home loan can do for you and its many benefits.
Up to 21,000,000 Lek or 210,000 Euro
For standard Bank clients
Administration fee 1.25%
(min 25,000 ALL / max 100,000 ALL)
Terms up to 20 years
Valid for home purchase loans in Lek and Euro currency!
Up to 100% financing of the sales contract price, requiring an additional collateral
Collateral guarantee for the loan is purchased or an alternative collateral. Note, in some cases 2 collaterals may be required for 100% financing.
Taking a loan in a currency different from the one in which your income is generated carries considerable risks. For example, if your income is in Lek and you take a loan in Euro, the increase of the Euro exchange rate will make it more difficult for you to repay the loan, as the value of your debt will increase. These difficulties may lead to failure to repay the loan, resulting in the status of "with problems" and even the initiation of compulsory execution procedures by the bank.
For more information, download the Pre-Contract Information for Home Purchase Loans.
Interest Rates
The standard interest rates that will apply after the period with fixed interest rates of the promotional offer
Home Purchase Loan in LEK
- Variable interest rate starting from Treasury Bond + 2.30% (minimum 3%)
Home Purchase Loan in EURO
- Variable interest rate starting from Euribor + 6.0% (minimum 4%)
Example:
Loan amount: 21,000,000 lek
Administration fee: 100,000 lek
Loan term: 20 years
Interest: 4% for the first 10 years with APR 4.05%
Monthly installment: For the first 10 years it is 127,256 lek to be paid each month (includes principal and interest)
After the first 10 years, the interest will be 12-month Treasury Bond variable + 2.3% annually
If we assume the Treasury Bond value is as currently updated, then the loan interest will be: 2.49% + 2.3% = 4.79%.
The monthly installment calculated with this interest for the following years will be 132,028 lek
The total payable amount for the loan of 21,000,000 Lek is 31,114,089 Lek.
Home loans in our bank offer the following benefits:
Discover what a home loan can do for you and its many benefits.
Up to 55,000,000 Lek or 550,000 €
For premium Bank clients
Administration fee 1.25%
(min 25,000 ALL (200 €) / max 100,000 ALL (800 €))
Terms up to 30 years
Valid for home purchase loans in Lek and Euro currency
Up to 100% financing of the sales contract price, requiring an additional collateral
Collateral guarantee for the loan is purchased or an alternative collateral. Note, in some cases 2 collaterals may be required for 100% financing.
Taking a loan in a currency different from the one in which your income is generated carries considerable risks. For example, if your income is in Lek and you take a loan in Euro, the increase of the Euro exchange rate will make it more difficult for you to repay the loan, as the value of your debt will increase. These difficulties may lead to failure to repay the loan, resulting in the status of "with problems" and even the initiation of compulsory execution procedures by the bank.
For more information, download the Pre-Contract Information for Home Purchase Loans.
Interest Rates
The standard interest rates that will apply after the period with fixed interest rates of the promotional offer
Home Purchase Loan in LEK
- Variable interest rate starting from Treasury Bond + 1.55% (minimum 3%)
Home Purchase Loan in €
- Variable interest rate starting from Euribor + 5.25% (minimum 4%)
Example:
Loan amount: 35,000,000 lek
Administration fee: 100,000 lek
Loan term: 30 years
Interest: 4% for the first 10 years with APR 4.02%
Monthly installment: For the first 10 years it is 167,095 lek to be paid each month (includes principal and interest)
After the first 10 years, the interest will be 12-month Treasury Bond variable + 1.55% annually
If we assume the Treasury Bond value is as currently updated, then the loan interest will be: 2.49% + 1.55% = 4.04%.
The monthly installment calculated with this interest for the following years will be 212,831 lek.
The total payable amount for the loan of 35,000,000 Lek is 60,293,950 Lek.
Ready to apply
Make sure to meet the eligibility requirements for solving your home loan and organize your documents to get the necessary preliminary financial approval for your project.
Criteria
To qualify for a loan you must:
- Be a resident of Albania
- Have a registered sole proprietorship business regularly registered with the QKB
Documentation
Identification documents:
- Personal identification document (if applying with a co-borrower, the document must also cover the co-borrower)
- Family certificate
Financial documents:
- Document for income verification (with balance sheet or self-declaration; if applying with a co-borrower, the document must also be submitted for the co-borrower).
With self-declaration
- Extract from the National Business Center (not older than 5 days)
- Professional license (if any)
- Certificate of no debts at the Tax Office (not older than 5 days)
- FDP (Declaration and Payment Form for Business Income Tax), summary of the last two years (if activities are more than 1 year)
- Statements from the Self-Care system for the current year
With balance sheet
- Extract from the National Business Center (not older than 5 days)
- Professional license (if any)
- Certificate of no debts at the Tax Office (not older than 5 days)
- Balance sheet of the last year (with signature and stamp from a certified accountant)
- FDP (Declaration and Payment Form for Business Income Tax), summary of the last two years
- Monthly FDP for the current year
Property documents:
- Ownership certificate for the property being purchased or to be pledged as collateral for the bank
Property card
- Location map
- Draft sales contract
- For secured loans, the property being purchased or another property must be blocked as a loan collateral, in case the property being purchased does not have an ownership certificate
- You can get financing up to 100% by blocking a second property as collateral for the loan
- Other costs payable related to the loan: property valuation, loan contract, and collateral registration at ASHK
- Life insurance and property insurance
- Warning! Taking a loan costs money.