Home/Shop Loans

Product description

To the vast of majority of the general public the purchase of a home is the single, largest financial transaction they will ever make. In addition, obtaining a mortgage loan to finance this house purchase is likely one of the most significant financial decisions you will make in your lifetime. But not everybody can afford it so easily, with its own money!

The aim of mortgage loan is to fulfill the personal needs of the individuals, to buy, construct or improve a home. From this product can profit not only individuals but the self-employed professional (doctors, dentist, druggist, lawyers etc) as well that needs to improve the areas where they perform their activity or to buy new ones.

Apply with BKT and you will be able to accomplish your dream of becoming a homeowner like your friends.

General information

The second level banks usually use as a base rate for calculating the interest rate of the loans, Treasury Bills with 1 year maturity.

"Treasury bills" - is a negotiable debt instrument with a maturity of up to one year, issued and guaranteed by the Government of the Republic of Albania.

Treasury bills are issued in the national currency (Lek) and have maturities of 3, 6 and 12-month.


Treasury bill 1-year interest rate dt. 24.01.2023 is 4.86%

Terms and Conditions
Interest Rates for Home/House Construction Loan in ALL Currency  Affluent Customers       
Yearly T-Bill +1.3%
(changing each 12 months not less than 3.6% after the first 24 months)
BKT Salary Paid Customers    
Yearly T-Bill+1.5%
(changing each 12 months not less than 3.8% after the first 24 months)
Salary Paid Customers at other banks    
Yearly T-Bill+1.7% 
(changing each 12 months not less than 4% after the first 24 months)
Standard Customers  
Yearly T-Bill+2.2%
(changing each 12 months not less than 4.5% after the first 24 months)
Interest Rates for Home/House Construction Loan in EUR Currency All customers
Yearly Euribor+2% not less than 5%
(changing each 12 months)
Home Loan/Collateral (same as credit subject) Loan Amount/Loan to Value (Open Market Value) 81%-100%  
The interest rate will be 1% higher than the rate which belongs to customer category as defined for ALL and EUR currency.  
Interest Rates for Shop/Shop Construction Loan in ALL Currency  All customers
Yearly T-Bill+2.7% 
(changing each 12 months not less than 5% after 24 months)
Interest Rates for Shop/Shop Construction Loan in EUR Currency  Yearly Euribor+3.5% not less than 6.5%
(changing each 12 months)
Afati i kredisë Up to 25 years or 300 months     
Shuma maksimale e kredisë Up to ALL 50,000,000 (Equivalent in EUR currency)  
Financing Criteria/Loan Amount over the Open Market Value of the property offered as collateral As collateral can be offered the property to be purchased by the customer or another property acceptable by bank. The bank can finance up to 100% of the property’s Open Market Value but not more than the sale price set in sale agreement.  
  Financing Criteria Loan Amount/Collateral Open Market Value  
Home Loan-Collateral Offered (same as credit subject) Up to 100%  
Home Loan-Collateral Offered (Apartment/Land & Building under the name of the customer/co-borrower) 80%  
Home Loan-Collateral Offered (different from credit subject) 75%  
House Construction Loan 75%  
Shop/Shop Construction Loan  
  For collateral type Agricultural Land the Loan to Value Criteria cannot be higher than 50%.  
The customers may choose to have life insurance premium or to take a higher interest rate of the loan. In case he chooses the latter, options are:

If the customer is up to 45 years old, IR will be 0.5% higher
If the customer is over 45 years old, IR will be 1% higher

Please download the appropriate documentation of Home/Shop Loans 
Please download Pre contractual Information Form Mortgage Loans Template Document