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OTP Bank

Express Loan

This loan enables you the following benefits and more; Electrical and electronic appliances, Furniture for your home, Air conditioning equipment, Personal computer, Financing your vacation, Children's studies, etc.

Target clients

Express Consumer Loan is valid for all residents or non-residents with legal residence and employment in Albania, permanent or temporary employees in companies, sailors, entrepreneurs (who have been operating for at least one year) as well as for customers with other verifiable income.

Benefits

  • Fast process;
  • With little necessary documentation;
  • No collateral required;
  • Immediate financing;
  • If you have a salary in OTP Bank there are more facilities.
  • With little necessary documentation;

* Repayment method: principal and interest are paid in equal monthly installments.

* Penalties: in case of delays in the payment of installments, the bank applies a delay penalty, based on the Working Conditions in force.

* Early Payment: the bank accepts partial or total payments before the loan matures.

 

Documentation required

To apply, just present yourself at your Personal Banker with the following documents:

  • Income statement;
  • Identity Card or Passport, and family certificate.

Terms (for paying customers at OTP Bank)

  • Financing amount up to 2,000,000 ALL.
  • Repayment period up to 7 years
  • Unchanged monthly installments for the entire duration of the loan.
  • Fixed interest for fixed loan duration:
Duration Payroll at OTP Bank Albania Payroll at other banks 1. Income from business (non-payroll)
2. Others (with regular social insurances)
Fixed for the first 3 years 8% 9% 10%
Afterwards  T.B 12M + 8%
(min. 9%)		  T.B 12M + 9%
(min. 10%)		 T.B 12M + 10%
(min. 11%)

* The above interest rates apply to all clients with regular salary or rent income. For non-fixed income clients, an interest rate of 1.0% higher than the above rates will be applied.

  • This loan is offered only in ALL.

 

Here you can download the pre-contractual information for Express Loan without guarantor.

Here you can download the pre-contractual information for Express Loan without guarantor.

Documentation required

To apply, just present yourself at your Personal Banker with the following documents:

  • Income statement;
  • Identity Card or Passport, and family certificate.

Terms (for paying customers at OTP Bank)

  • Financing amount up to 2,000,000 ALL.
  • Repayment period up to 7 years
  • Unchanged monthly installments for the entire duration of the loan.
  • Fixed interest for fixed loan duration:
Duration Payroll at OTP Bank Albania Payroll at other banks 1. Income from business (non-payroll)
2. Others (with regular social insurances)
1 year 3.65% 4.15% 4.9%
1 – 2 years  6.25%  6.75%  7.5%
2 – 3 years 7.25% 7.75% 8.5%
3 – 5 years 8.25% 8.75% 9.5%
5 – 7 years 8.75% 9.25% 10%

* The above interest rates apply to all clients with regular salary or rent income. For non-fixed income clients, an interest rate of 1.0% higher than the above rates will be applied.

  • This loan is offered only in ALL.