Good things come naturally

Loan Amount: 1,000,000 lekë

Loan Tennor: 10 years

Interest Rate: The interest rate is offered based on the client segment and the client's risk assessment. If the client receives their salary at Raiffeisen Bank, the interest rate will be the 12-month Treasury Bill, changing every year + 8.4%, not less than 7.5%.

If we assume that the value of the Treasury Bill will be as it is currently, then the interest for the first year of the loan will be: 2.5% + 8.4% = 10.9%, with an APR of 11.57%. For each subsequent year of the loan, the base interest rate of the most recently published 12-month Treasury Bonds by the Bank of Albania on the date of payment of the 12th installment will be reviewed.

Loan installment: for the first year it is 13,717.89 lek to be paid each month (including principal + interest). For each subsequent year of the loan, the installment calculation according to the new interest rate will start on the next working day after the payment date of the 12th installment and ends with the completion of a new 12-month period. The same calculation process will be repeated for the same periods, until the loan maturity date.

The total amount payable for a loan of 1,000,000 Lek is 1,646,146.99 Lek. This total amount may vary depending on changes in the 12-month Treasury Bill Interest Rate and the minimum interest rate applied to the requested loan.

Borrowing in a currency other than the one in which the income is generated is associated with significant risks. For example, if your income is in Lek and you take out a loan in Euro, the increase in the Euro exchange rate would cause difficulties in your ability to repay the loan as the value of the installment would increase. These difficulties could lead to failure to repay the loan and deterioration of the status to “problematic” and even the initiation of compulsory execution procedures by the bank.