Choose a loan that offers payment stability and flexibility in managing your needs.
The Consumer Loan, with a fixed interest rate of 8% for the first 3 years, gives you the opportunity to finance your personal plans and needs through a simplified process, faster approval, and reduced documentation.
Loan Conditions:
-
Fixed interest rate: 8% for the first 3 years, afterward:
- Treasury Bond 2.48% + 8% (Min 9%) -
Effective Interest Rate (EIR):
- 10.4% for salary clients at OTP Bank
- 10.52% for salary clients at other banks
Note: The above EIR is indicative and informational for the client. Its calculation is based on the maximum amount and the longest term available for this product. -
Disbursement Fee:
- 2% for salary clients at OTP Bank
- 2.5% for salary clients at other banks - Account maintenance fee: 150 Lek per month
- Loan term: from 12 months up to 120 months
| Illustrative Example (Calculated with EIR & maximum loan term) | |
| Financed Amount | 3,000,000 ALL |
| Interest Rate (Fixed for the first 3 years) | 8% |
| *1-Year Treasury Bond (BTH) | 2.48% |
| 1-Year Treasury Bond (BTH) + Spread (variable period) | 2.48% + 8% |
| Loan Term (months) | 120 |
| Monthly Installment (First 3 years) | 36,398.28 ALL |
| Effective Interest Rate (EIR) | 10.52% |
| Monthly Installment (Remaining period) | 39,350.16 ALL |
| Total Interest | 1,615,751.74 ALL |
| Total Amount to be Paid | 4,615,751.74 ALL |
*Treasury Bonds are subject to change. This illustrative example has been calculated based on the publication dated 27.04.2026 on the official website of the Bank of Albania.
Who Can Benefit:
- Individuals who receive their salary through OTP Bank.
- Individual clients who receive their salary through other banks.
Product Features:
- Offered only in Albanian Lek (ALL)
- Simplified application process with reduced documentation
- Faster approval and disbursement
- No co-borrower required for any financing limits
Commissions or Fees Not Included in the Total Cost:
- Any other fee or expense applicable according to the bank's current terms and conditions.
Required Documents
- Identification document
- Financial documentation proving the client's income
- Other documents as requested by the bank, depending on the applicant's profile
Penalties or Early Repayment:
- Penalties: In case of delayed payments, a penalty of +20% over the loan interest rate is applied, calculated on the unpaid amount, from the date the payment was due until the date of settlement. If this interest is not paid, it will be treated as an unpaid amount.
- Early Repayment: The bank accepts partial payments or full repayment before the loan maturity. In case of early repayment, the client will pay the bank a commission of 1% on the prepaid amount if the period between the early repayment date and the loan maturity date is more than 1 year, and 0.5% if it is less than 1 year. This commission will apply only during the fixed interest period.
Here you can download the Pre-contractual Information for the Consumer Loan.
*Attention! Taking a loan has costs!