Unik Consumer Loan
This loan offers suitable solutions for various liquidity needs, covering planned expenses such as the purchase of equipment or furniture, as well as payments for education, healthcare, or travel.
- Financing amount from 100,000 to 1,500,000 Lek.
- Repayment terms are up to 7 years.
- The loan is offered exclusively in LEK currency.
Loan Terms:
For salaried clients at OTP Bank:
- Financing amounts up to 1,500,000 Lek.
- Fixed interest rate of 10% for the first 3 years, then BTH 12M + 8.5%, with a minimum of 10% until maturity.
- Administration fee: 2% of the loan amount (minimum 5,000 Lek).
- Effective Interest Rate (EIR): 11.77%.
For salaried clients at other banks:
- Financing amount up to 500,000 Lek.
- Fixed interest rate of 11% for the first 3 years, then BTH 12M + 9.5%, with a minimum of 11% until maturity.
- Administration fee: 2.5% of the loan amount (minimum 5,000 Lek).
- Effective Interest Rate (EIR): 12.96%.
Illustrative Example:
| Illustrative Example | Salaried clients at OTP Bank | Salaried clients at other banks |
| Financed Amount (in Lek) | 1,500,000 LEK | 500,000 LEK |
| Interest Rate (fixed for the first 3 years) | 10% | 11% |
| BTH 12Months | 2.604% | 2.604% |
| BTH 12M + Spread (periudha variable) | BTH 12M+8.5% Min 10% | BTH 12M+9.5% Min 11% |
| Term (in months) | 84 | 84 |
| Administration Fee | 30,000 LEK | 12,500 LEK |
| Monthly Installment (First 3 Years) | 25,013.64 LEK | 8,603.33 LEK |
| Effective Interest Rate | 11.77% | 12.96% |
| Monthly Installment (Remaining Period) | 25,533.17 LEK | 8,785.23 LEK |
| Total Interest | 626,602.71 LEK | 231,411.2 LEK |
| Total Amount to Be Paid | 2,126,602.71 LEK | 731,411.2 LEK |
The above examples for calculating the Effective Interest Rate (EIR) are based on the maximum loan amount and the longest available repayment term for each category. The interest rate of Treasury Bills (BTH) is subject to change and is determined by the monetary policy of the Bank of Albania.
Penalties for Late Payments:
In case of delayed payments, a penalty of +20% above the loan's interest rate is applied. This penalty is calculated on the unpaid amount, starting from the due date until the actual payment date. If the penalty interest is not paid, it will be treated as an unpaid debt and added to the outstanding balance.
Early Repayment:
The bank allows both partial and full early repayment of the loan before its maturity date. If the early repayment occurs more than 1 year before the loan's maturity, the client will pay a 1% fee on the prepaid amount. If the early repayment occurs less than 1 year before maturity, the fee is 0.5% of the prepaid amount. This fee applies only if the early repayment is made during the period when the loan's interest rate is fixed.
Important: Taking out a loan involves costs!