Finance

Most commercial banks in Albania are authorized to offer mortgage facilities to local as well as foreign applicants to assist in the purchase of their property. Key 4 Albania, takes advantage of its strong relationships with most of the local banks, and attempts to reduce finance costs for our customers as well as to speed up the application process.

General Information:

• The loan can be granted in Euros or in Albania LEK.
• For a loan in Foreign Currency the maximum repayment period can be 15 years.
• The maximum loan amount will be 70% of the value of the purchased property.
• The loan is repaid by monthly or quarterly installments. Securities:

For the majority of its projects Key 4 Albania has managed to set up finance schemes with local banks. Assignment of the Purchaser’s rights deriving from the Contract of Sale in favour of the Bank.
Documents/Information required by the banks:

Customer’s profile (Personal details, occupation-duration of your employment contract if any with your current employers)

Passport copies (the page with the photograph & personal information)

Statement of existing debt (if any)

A reference Letter from the Bank you maintain an a/c with

Completion of the Declaration of Personal Income form

Evidence of income either pay slip or confirmation of remuneration from your employer, or P60 or business accounts

Purchase agreement – (will need original one if ready for loan drawdown)

Copies of bank statements for the last three months

Copies of payments already made by the applicant for the property

The loan amount can be released after the presentation to the Bank of the Permit issued by the District Authorities to the purchaser for the acquisition of immovable property in Albania.