Alpha Investment Loan offers variable interest rates throughout the term of the loan and serves to purchase, or refurbish an asset such as a store or office. Also this product serves for the purchase of a property such as a house, apartment, which will be used for lease purposes.

Product Characteristics
Commissions
Interest rates
Collateral Types
  • Minimum amount 4,000 Eur or equivalent in ALL 
  • Maximum amount 350,000 Eur or equivalent in ALL 
  • Maximum tenor 30 years for apartment purchase 
  • Maximum tenor 20 years for shop/office purchase

Disbursement Fee

  • 1.25% disbursement fee (min 400 Eur / equivalent) for standard customers
  • 0.88% disbursement fee (min 280 Eur / 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 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 rates for customers with income from payroll/rental
• EUR: 12M Euribor + 4.00% (minimum 4.00%)
• LEK: 12M TB + 1.75%  (minimum 1.75%)

Interest rates for customers with income from business/other
• EUR: 12M Euribor + 4.20% (minimum 4.2%) 
• LEK: 12M TB + 1.95% (minimum 1.95%) 

Examples of monthly installments for customers with income from payroll/rental

Currency Interest rate Effective interest rate Monthly installment
EUR 5.05% 5.29%  166.65 EUR
LEK 5.80% 5.97% 21,148 LEK

The monthly installment is calculated for an amount of 25,000 Euro or 3,000,000 ALL for a repayment period of 20 years. Floating interest rates will be revised every 12 months according the base rate of each currency on the date of the first disbursement

Reference rates are:
EUR: 12M Euribor = 1% / LEK:12M TB = 4%

  • Residential immovable asset (1st rank mortgage) with coverage 143% 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