Alpha Fix Home Loan offers fixed interest rate for a certain period and indexed interest rate after the fixed period and is a loan for the acquisition, construction or reconstruction of an immovable asset to be used for residential purpose, also this aims to finance the acquisition of plot of lands to be used for residential purpose.

Product Characteristics
Commissions
Interest rates
Collateral Types
  • Minimum amount 4,000 Eur or equivalent
  • Maximum amount 350,000 Eur or equivalent
  • Minimum tenor 5 years
  • Maximum tenor 30 years

Disbursement Fee

  • 1.25% (min 400 euro / equivalent) for standard customers
  • 0.88% (min 280 euro / equivalent) for payroll customers in Alpha Bank
  • Not applicable disbursement fee for balance transfers from other Banks

Prepayment fee

  • 2% of the prepaid amount if the prepayment date and the maturity date is more than one year
  • 1% of the prepaid amount if the prepayment date and the maturity date is less than one year
  • 0.5% of the prepaid amount during the indexed rate period if the prepayment is realized from customer’s own funds
  • Not applicable prepayment fee if the prepayment is realized under the insurance contract which aims the loan payment
  • Not applicable Pre-payment fee if the loan is overdue and the prepayment is requested by the Bank

Interest rate for the fixed period

  • Fixed 1 year   1.9% in Euro and 2.7% in Lek
  • Fixed 2 years  2.9% in Euro and 3.7% in Lek 

Interest rate after the fixed period

Customers with income from salary/rental

  • EUR: 12M Euribor + 3.75% (minimum 3.75%)
  • LEK: 12M TB + 1.5% (minimum 1.5%)

Customers with income from business/other

  • EUR: 12M Euribor + 3.95% (minimum 3.95%)
  • LEK: 12M TB + 1.7% (minimum 1.7%)
Currency Fixed Period Interest rate Effective Interest rate Monthly installment
 EUR 1 year 1.9% 2.06% 91.49 EUR
 EUR 2 years 2.9% 3.08% 104.60 EUR
 LEK 1 year 2.7% 2.84% 12,167 LEK
 LEK 2 years 3.7% 3.85% 13,808 LEK

The monthly installment is calculated for an amount of 25,000 Euro or 3,000,000 ALL for a repayment period of 30 years. Floating interest rates will be revised every 12 months according the base rate of each currency on the date of the first disbursement.

  • Residential immovable asset (1st rank mortgage) with coverage 133% of the loan amount
  • Shops / Office owned by individuals (1st rank mortgage) with coverage 143 % of the loan amount
  • Plot of land (1st rank mortgage) with coverage 200% of the loan amount