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Mortgage Loan "5 Stars"

Mortgage Loan "5 Stars" gives you the advantage to:

Finance every necessity that you may have:

Buy a new immovable property - apartment, house, shop, land
Reconstruct an existing immovable property
Cover unexpected expenses
Buy a movable property - car, furniture, home appliances
Refinance an obligation in another financial institution

At the most preferential terms:

Fixed interest rate for the first year: 1.90% in EUR and 2.90% in ALL
Bonus credit card with a limit 500 EUR or equivalent in ALL
Unlimited financing
The longest term in the market
The lowest monthly installment
Equal monthly installments for efficient planning of your monthly budget

Parameters of the product:

Maximum loan amount	No limits
Currency	EUR, ALL
Maximum tenure	360 months
Purpose of the loan	Financing the needs of the moment (any purpose); Buying a property
% of lending	80% of the market valuation of the property set as collateral
Collateral	Real estate property in administrative building or residential building, located in the main cities where FIBANK is present
Annual Interest rate	EUR Period 1 (first 12 months): 1.90% fixed or Period 1 (first 24 months): 2.90% fixed Period 2 (remaining up to 348 months or 336 months): EURIBOR12M + 3.9%, not less than 3.9% ALL Period 1 (first 12 months): 2.90% fixed or Period 1 (first 24 months): 3.50% fixed or Period 2 (remaining up to 348 months or 336 months): TBILLS12M + 1.6%, not less than 4%
Repayment	Equal monthly installments during period 1 Equal monthly installments during period 2
Loan Application	30 Eur for a loan below 3 000 000 ALL; 50 Eur for a loan above 3 000 000 ALL, applied when the loan is disbursed
Bonus	Credit card VISA CLASSIC with a pre-approved limit 500 EUR or equivalent in ALL
Management fee	1% calculated over the amount disbursed only once at the time of disbursement; 0-1% over the loan amount when the loan is approved for cases that are buy out (case by case)
Early repayment Fee	2 % if is more than 1 year left till maturity and 1 % if is less than 1 year left till maturity
Renegotiation commission	1.50% for changes in collateral, interest rate, term calculated over the outstanding balance at the moment of renegotiation
Evaluation report	Paid by the Borrower
Insurance of the property	Paid by the Borrower
Precontractual Information	Download

You are eligible to apply for this product if:

You are an Albanian citizen
You are employed or self-employed with a yearly turnover not less than 8 000 000 ALL

If you cover the points above and would like to apply for a mortgage loan in FIBANK, it is necessary to:

To fulfill an application form in one of the branches of FIBANK and to submit the required documents;
To show us the property which will be a collateral - it will also be visited by an official independent evaluator and an official evaluation report will be prepared if the loan is approved (paid by the applicant)
In case of approval of the application form:

To sign a loan and a mortgage contract

To block the property in favor of FIBANK - all expenses are covered by the applicant

To insurance the property in an insurance company appointed by the Bank

Personal documents for applicant, co-applicant, guarantor:

Copy of the ID card or the passport
Family certificate
Address verification, only if the client does not live in the property used as collateral
Verification of income issued by the employer or self-employment documents as below:
- QKR extract for the sole trader;
- Declaration of annual income at the tax office;P&L; Balance sheet
- Bank payment orders for tax, health and social insurance due.
In case of other exposures - contracts with the other banks, institutions etc.

Collateral documents:

The purchase contract (Kontrate Shitje) or donation contract (Kontrate Dhurimi) or exchange contract (Kontrate Shkembimi) or court decision (Vendim Gjykate) or inheritance certificate (Deshmi Trashegimie), which finally transferred the title of ownership of the property to the existing owner/s;
Any previous contracts (purchase/exchange/donation contract) or court decisions or inheritance certificate, starting from the first transfer of the title of ownership from the state;
Site permit (Leje Sheshi Ndertimi);
Construction permit (Leje Ndertimi);
Exploitation permit (Leje Shfrytezimi);
Preliminary contract between the landowner/s and investor;
Final contract between the landowner/s and investor;
Any contract (i.e. Purchase Contract (Kontrate Shitje) or donation contract (Kontrate Dhurimi) or exchange contract (Kontrate Shkembimi) or court decision (Vendim Gjykate) or inheritance certificate (Deshmi Trashegimie) or decision of the committee of properties restitution and compensation (Komisioni per Kthimin dhe Kompensimin e Pronave ish - Pronareve) etc), which prove the transfer of the title of ownership on the land, in favor of the landowner/s.

In case of purchase of a new property:

Preliminary contract for purchase - sale of the real estate and a document to certify an advance payment (if any) in compliance with the contract.

Documents of the seller of the property offered as collateral:

In case the seller is an individual:

Copy of the seller's passport (valid) + a copy of the family certificate. If the seller is married a copy of the spouse's I.D. card (valid passport) is required.

In case the seller is a legal entity:

Extract issued from the trade register not later than 10 calendar days before the application date;
Company's bylaws;
Decision of the company's competent body for mortgaging of the property and necessary proxy (if needed) to the person who per bylaws has the right for signing.