Univeral Consumer Loan
Some of the benefits that this loan offers you are:
Household electrical appliances;
Other benefits from Univeral Consumer Loan
Simple and clear process
Assistance with notary documents
Loan is offered in three currencies, ALL, EUR and USD
More advantages if you have the salary at OTP Bank
More on Univeral Consumer Loan
Maximum amount: up to 7,000,000 ALL.
Duration: up to 10 years.
Currency: ALL, EURO, USD
Interest rate: ALL: up to 7 years T.B + 3% (min 5.5%); EUR: Lib. + 5% (min 6%); USD: Lib. + 7.5% (min 7.5%)
Interest rate: ALL: up to 10 years T.B + 3.5% (min 6%).
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. No additional fees apply.
This loan requires collateral
For more information please download the standard contractual documentation for Univeral Consumer Loan
How To Get Univeral Consumer Loan
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)
* The Bank reserves the right to request additional documents if it deems it necessary.
Collateral received by the bank
Mortgage of a real estate property with coverage of 140% of the loan value for amounts up to 2,000,000 ALL and 200% coverage for amounts above 2,000,001 ALL.
Deposit with coverage of 110% of the loan value