Personal Loan is offered to all individuals employed in state or private institutions with easily verifiable incomes.

Raiffeisen Bank is always by your side as your most loyal partner, to provide solutions for your every need with its products which you can use for many purposes.

Designed according to the requirements of our customers, with an easy and fast process, our Personal loan gives you the opportunity to make every wish come true and fulfill your every need at any time!

We invite all our customers to benefit:

  1. Full financing of your investment
  2. Easy application procedures
  3. Up to 120 months (the loan tenor is based on the customer segment and risk classification)
  4. Loan amount: 100.000 – 2.000.000 ALL (the loan amount is based on the customer segment and risk classification)
  5. Offered only to albanian residents
  6. No justifying loan purpose
  7. Very convenient monthly repayments
 

Terms & Conditions and Required Documentation

Loan Tenor

For Paga+ (Clients that withdraw the salary through Raiffeisen Bank):

New Customers: 6 months - 96 months                                                                                                                          
Existing Customers: 6 months - 120 months

For Standard Customers (Clients that do not withdraw the salary through Raiffeisen Bank):

6 - 84 months for all customers 

Loan Amount

For Paga+ (Clients that withdraw the salary through Raiffeisen Bank):

Mass Customers

New Customers minimal risk*: 100,000 ALL - 2,000,000 ALL
New Customers Acceptable risk*: 100,000 ALL -   1,500,000 ALL

Existing Customers minimal risk*: 100,000 ALL - 2,500,000 ALL
Existing Customers Acceptable risk*: 100,000 ALL -   2,000,000 ALL

Premium Customers

New Customers minimal risk*: 100.000 ALL  / 725 EUR** - 2,500,000 ALL/19,000 EUR**
New Customers Acceptable risk*: 100.000 ALL  / 725 Eur - 2,000,000 ALL / 15,000 EUR**

Existing Customers minimal risk*: 100.000 ALL  / 725 EUR** - 3,000,000 ALL/22,500 EUR**
Existing Customers Acceptable risk*: 100.000 ALL  / 725 EUR** - 2,500,000 ALL/19,000 EUR**

For Standard Customers (Clients that do not withdraw the salary through Raiffeisen Bank):

Mass Customers

min 100,000 ALL - max 1,500,000 ALL

Premium Customers

min 100,000 ALL/725 EUR** - max 1,500,000 ALL/15,000 EUR** 

*Scorecard calculation (which defines the low (minimal) or acceptable risk)  is based on customer data: socio-demographic, financial, customer relationship with the bank and the correctness of repaying obligations toward credit institutions. Referring to these criteria and based on the financial analysis, the amount and tenor of the loan will be determined. Clients with a minimal risk have a score level of 0.5-2.5, while clients with an acceptable risk have a scoring level of 3.  

**Personal loan in Euro is offered only for Salary premium customers who receive their salary in EUR  

Interest Rate

Fix IR* in LCY for all customers, including the customers not receiving their salary in Raiffeisen Bank:

4.9% fix rate for the first year of the loan, afterwards variable interest rate as per each segment**;

4.3% fix rate for 1-year loan tenor

*For all applications up to December 31, 2021!

**After the fix period, the interest rate will be:
For Paga+ (Clients that withdraw the salary through Raiffeisen Bank):

Minimal risk* Customers:T-Bill 12M + 10.15%
Acceptable risk* Customers:T-Bill 12M  + 10.40%

For Standard Customers (Clients that do not withdraw the salary through Raiffeisen Bank):

T-Bill 12M + 11.9%.

**The interest on the 12-month Treasury Bills results from the auctions held, which are announced on the same day of the auction and are published on the respective websites of the Ministry of Finance and Bank of Albania.

The interest rate for loans in Euro***
For Paga+ (Clients that withdraw the salary through Raiffeisen Bank):

Minimal risk* Customers: Euribor + 9.25%
Acceptable risk* Customers: Euribor + 9.5%

For Standard Customers (Clients that do not withdraw the salary through Raiffeisen Bank): Euribor + 9%

***Personal loan in Euro is offered only for premium customers who receive their salary in EUR  

Percentage of financing 100% of the expenditures value
Documents required

- Personal ID Document
- Family Certificate
- Income Declaration
*The Bank reserves the right to request additional documentation on case basis.

Collateral Not Required

Pick up a brochure for more information, contact the personal banker in your local branch, or call our Call Centre on +355 4 2381381.

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