Home and Reconstruction Loans

Home and Reconstruction Loans

Home and Reconstruction Loan Benefits

  • Professional counseling on the real estate market

  • Orientation towards the best investment for you

  • Adjust the loan according to your financial situation

  • Fast and simple process

  • More benefits if you have the salary at OTP Bank

More on Housing and Reconstruction Loans

Home Loans
  • Maximum amount: up to 500,000 Euros (not more than 80% of house value).

  • Duration: up to 30 years.

  • Currency: ALL, EURO, USD

  • Interest Rates *:

LEK: 3.5% fixed for the first 2 years; remaining years Treasury Bills + 1.50%, Min 4.0%;

LEK: 4.0% fixed the first 3 years; remaining years Treasury Bills + 1.50%, Min 4.0%;

EUR: 1.9% fixed for the first year; remaining years Libor (EUR) + 3.75%, Min 4.0%;

EUR: 2.5% fixed for the first 2 years; remaining years Libor (EUR) + 3.75%, Min 4.0%;

EUR: 3.0% for the first 3 years; remaining years Libor (EUR) + 3.75%, Min 4.0%;

EUR: 3.75% for the first 5 years; remaining years Libor (EUR) + 3.75%, Min 4.0%;

USD: 7.5% fixed for the first year; remaining years Libor (USD) + 4.5%, Min 7.5%;

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

  • *Penalties: In case of delays in payment of installments, the bank applies a delay penalty, based on the current Terms & Conditions.

  • Early Payment: The bank accepts partial or total payments before the maturity of the loan.

Loans for Housing Reconstruction

The main features of the loan for house reconstruction are:
  • Maximum amount: up to 500,000 Euros

  • Duration: up to 10 years.

  • Currency: ALL, EURO, USD

  • Interest rate:

LEK: 3.5% fixed for the first 2 years; remaining years Treasury Bills + 1.50%, Min 4.0%;

LEK: 4.0% fixed for the first 3 years; remaining years Treasury Bills + 1.50%, Min 4.0%;

EUR: 2.9% fixed for the first year; remaining years Libor (EUR) + 3.75%, Min 4.0%;

EUR: 3.25% for the first 3 years; remaining years Libor (EUR) + 3.75%, Min 4.0%;

USD: 7.5% fixed for the first year; remaining years Libor (USD) + 4.5%, Min 7.5%;

  • Repayment method: principal and interest are paid in equal monthly installments.
    Penalties: In case of delays in payment of installments, the bank applies a delay penalty, based on the current Terms & Conditions.

  • Early Payment: The bank accepts partial or total payments before the maturity of the loan.

How To Benefit the Home and Reconstruction Loans

The following documents are required for the principal borrower and the co-borrower:
  • Proof of income (from salary, rent, or both).

  • Identification Documents (ID or Passport)

  • Collateral documents

* The Bank reserves the right to request additional documents if it deems it necessary.

  • Collateral: Bank accepts collateral:

Real estate mortgage with coverage of 130% of the loan value

Coverage with 110% of the loan value

  • Other Security:

– Co-borrower required

  • Life and Property Insurance at 110% of the loan

For more information please download the standard pre-contractual documentation for Home and Reconstruction Loan.