Good things come naturally

Loan amount: 2,500,000 lek

Loan term: 10 years

Interest: The loan interest rate is offered based on the client segment and the client's risk assessment. If the client receives his salary at Raiffeisen Bank, the interest will be 12-month Treasury Bills variable annually + 10.4%, not less than 9%. If we assume that the value of the Treasury Bills will be what it currently is, then the interest for the first year of the loan will be: 2.5% + 10.4% = 12.9%, with a NEI of 14.02%. For each subsequent year of the loan, the base interest rate of the most recent 12-month Treasury Bills Interest published 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 37,180.37 lekë to be paid every month (includes principal + interest). For each subsequent year of the loan, the calculation of the installment according to the new interest, will begin on the next business day after the date of payment of the 12th installment and ends with the completion of a new 12-month period. The same calculation process will be repeated in the same periods, until the maturity date of the loan.

The total amount payable for the loan in the amount of 2,500,000 Lekë is 4,461,644.86 Lekë.

This total amount may change depending on changes in the 12-month Treasury Bill Interest and the minimum interest 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.