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FINMARKET helps you compare home loans offered by banks in Albania with transparency and ease. Analyze interest rates, financing costs, repayment terms and key product conditions to evaluate alternatives that match your plans for purchasing a property.
Mortgage loan calculator
What is a home loan?
A home loan (or mortgage loan) is a loan that banks provide for the purchase, construction or reconstruction of a property. The property being financed usually serves as collateral for the loan until its repayment is complete.
Why is it used?
This type of financing allows individuals to purchase a home without having to immediately have the entire amount available. The loan is gradually repaid through monthly installments over a period that can last several years.
What should you compare?
When comparing home loans, pay attention to:
The interest rate.
The expected monthly installment.
The percentage of property financing.
The repayment term.
Applicable commissions and fees.
Conditions for early repayment.
What should you know?
The cost of a home loan is not determined only by the interest rate. Commissions, insurance, loan term, and type of interest (fixed or variable) can significantly affect the total amount you will pay over the entire financing period.
Frequently asked questions
What percentage of the property value can the bank finance?
This depends on the policy of each bank and the characteristics of the property being financed.
What is the client's participation or personal contribution?
It is the part of the property value that is financed by the buyer himself and not by the bank.
What is the difference between fixed and variable interest?
Fixed interest remains unchanged for the specified period, while variable interest can change during the term of the loan according to market conditions, what in banking language is called the Orientation Index, usually Treasury Bills for loans in Lek and EURIBOR for loans in Euro.