American Bank of Albania Offers Good Mortgage Interest Rate Loans

TIRANA, Sept. 18 – The American Bank of Albania published its latest interest rates for all types of Mortgage Loans, which include: loans for housing and shops, reconstruction, furniture, etc.ABA offers some of the most competitive interest rates in the market. They vary from 8.25-9% for US Dollar, 7.75-8.25 % for Euro, and 9-9.5% for LEK. Mortgage loans can be granted for a term up to 20 years, meanwhile the customer may choose any other term within this predefined period.Interest is calculated based on the annual interest rate of US Dollar or Euro, according to the Libor or EuroLibor annual rates respectively, over which the Bank applies its spread. The same is valid for the loans in LEK, however the interest rate is calculated summing up the annual interest rate for T-Bills plus the Bank’s spread, which changes on an annual basis.(Tirana Times Staff)