Individuals

Store and land purchase credit is a mortgage loan, designed for all individual clients who wish to buy a commercial environment or land, benefiting from high lending rates and long-term rates at competitive rates.

• Real Estate Investment
• Purchase of a Shop/Commercial Unit
• Purchase of Land/Plot
• Other purposes related to real estate

Applicable Interest Rates for Investment Loans

Interest rates are determined based on the purpose of financing and the client’s profile.

Financing Amount

• Maximum Amount: Up to 1 Million Euro (or equivalent in Lekë).
• ABI Bank provides financing of up to 60% of the purchase value. In specific cases, this ratio may be higher, depending on the value of the property being purchased, the value of the collateral, and the currency of the client’s income in relation to the loan currency.

Mortgage Loan Term

• Investment Loan: Up to 20 years.

Applicable Loan Fees and Charges

• Disbursement Commission
  - 0% for refinancing loans from other banks
  - 1% of the loan amount
• Collateral appraisal fee: According to the type of property.
• Notary costs: According to applicable notary fees, and collateral registration costs according to the Regional Property Registration Office (ZRPP).
• Mandatory property and life insurance: Renewable annually.

Collateral Requirements

• A mortgage over the financed property or another property accepted by the bank as collateral.
• The valuation is carried out by appraisers authorized by the bank, and the related costs are covered by the Client.

Required Documentation
Documents required for the borrower, co-borrower, and financial guarantor.

Identification Documents

• Identity Card / Passport
• Family Certificate

Income Documentation

• Employment Income: Annual salary certificate (e-Albania) and proof of contributions/account statement (last 6 months).
• Rental Income: Rental agreement, property ownership title, and account statement showing rental payments for at least the last 6 months.
• Business Income: Minimum 2 years of licensed business activity and positive financial results for the last 2 years.

Property Documentation

• Purchase-Sale Agreement / Construction Agreement
• Property documentation, including ownership certificate
• Documentation for the property offered as collateral (property origin and updated property card)
• In case of construction/renovation, building permit and/or works cost estimate (if applicable)

The required documentation depends on the type of collateral.

Loans in a currency different from the currency of your income increase the risk arising from exchange rate fluctuations.
The interest rate of Treasury Bills (TB) is subject to change and is determined by the monetary policy of the Bank of Albania.

For more information on Precontractual Information Sheet, please refer to the documentation below. For more detailed information on Credit Interests see Price List.

Warning! Borrowing costs money!

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*) If the interest rate on the loan depends on EURIBOR and the EURIBOR value falls below zero, this value will be considered zero for calculating the interest rate.

You may need these documents: