Can you buy an apartment in Albania with a mortgage, and at what interest rate?
Yes. In June 2026 the average rate on new house-purchase loans in Albania was 3.77% in lek and 5.00% in euro (Bank of Albania). Since 1 July 2025 a bank may lend up to 85% of the value of a first home in lek or 75% in euro, and the instalment may not exceed 40% of income in lek or 35% in euro.
Data compiled by Fedir AlpatovUpdated
What banks charge in 2026
Most banks fix the rate for the first one to ten years and then move to a variable rate: the 12-month Treasury bill yield plus a margin for lek loans, 12-month Euribor plus a margin for euro loans. The Bank of Albania base rate is 2.5% (decision of 5 August 2026).
If your income is in lek, a lek loan avoids the exchange-rate risk; the banks themselves warn about it. Euro loans cost more and the limits on them are tighter.
| Bank | Rate | Term | Fee |
|---|---|---|---|
| Average, new loans (Bank of Albania, June 2026) | 3.77% lek / 5.00% euro | - | - |
| Raiffeisen (salaried clients) | 4.50% fixed for 10 years, then variable | Up to 30 years | 1.25% |
| ProCredit | 3.9-4% for year 1, then variable (floor 5-5.5%) | Up to 25 years | Per price list |
| Union Bank | 4.0% euro (2 years) / 4.2% lek (1 year), then variable | 5-25 years | 1% |
| Credins | From 4.5% euro / 4.9% lek for year 1 | Up to 25 years | - |
| ABI Bank | T-bill or Euribor plus a margin, floors 4-8.5% | Up to 30 years | 1% |
Sources · 7
- Confidence: HIGHPeriod: 2026-06verified 2026-10-19Bank of Albania, Monthly Statistical Report, June 2026 (tables 1-14, 1-18b)
- Confidence: HIGHPeriod: 2026-06verified 2026-10-19Bank of Albania, Monthly Statistical Report, June 2026 (tables 1-14, 1-18b)
- Confidence: HIGHPeriod: 2026-07verified 2026-10-19Raiffeisen Bank Albania, home-loan fees and conditions for salaried clients (28 July 2026)
- DATA-MORTGAGE-00073.9–4 %ProCredit: 3.9-4% for the first year, then T-bill or Euribor plus 3.5-4.5% (floor 5-5.5%), up to 25 yearsConfidence: HIGHPeriod: 2026-07verified 2026-10-19ProCredit Bank Albania, interest rates for individual loan products (23 July 2026)
- DATA-MORTGAGE-00084–4.2 %Union Bank: 4.0% fixed 2 years in euro, 4.2% fixed 1 year in lek, up to 25 yearsConfidence: MEDIUMPeriod: 2025-07verified 2026-10-19Union Bank, home loan conditions ("in force from July 2025")
- DATA-MORTGAGE-00094.5–4.9 %Credins: from 4.9% in lek and 4.5% in euro for the first year, up to 25 years
- DATA-MORTGAGE-0010T-bill + 1.5-5.5% (ALL) or Euribor + 2-6% (EUR), floors 4-8.5%; LTV 85/80% ALL, 75/70% EUR, emigrants 50%; fee 1%ABI Bank: 12-month T-bill or Euribor plus a margin, up to 30 years, emigrants financed up to 50%Confidence: HIGHPeriod: 2026-03verified 2026-10-19ABI Bank, pre-contract information sheet for the home loan (example of 30.03.2026)
How much a bank can lend you
The Bank of Albania limits apply to every bank from 1 July 2025. A bank may go above them on no more than 15% of the loans it grants in a quarter, and the recommended maximum term is 30 years or the years left until retirement, whichever is shorter.
| Rule | First home | Second or rental home |
|---|---|---|
| Loan-to-value, lek | 85% | 80% |
| Loan-to-value, euro | 75% | 70% |
| Instalment to income, lek | 40% | 35% |
| Instalment to income, euro | 35% | 30% |
Sources · 2
- DATA-MORTGAGE-0003First home 85% (lek) / 75% (euro); second or rental home 80% / 70%Maximum loan-to-value for a first home: 85% in lek, 75% in foreign currency (from 1 July 2025)Confidence: MEDIUMPeriod: 2025-07 onwardsverified 2026-10-19Balkanweb interview with a Bank of Albania director on the new mortgage limits (1 July 2025)
Figures from a Bank of Albania director interview and confirmed in ABI Bank's 2026 loan sheet; the Bank of Albania press release of 7 May 2025 does not list them.
- DATA-MORTGAGE-0004First home 40% (lek) / 35% (euro); second home 35% / 30%Maximum instalment for a first home: 40% of income in lek, 35% in foreign currencyConfidence: MEDIUMPeriod: 2025-07 onwardsverified 2026-10-19Balkanweb interview with a Bank of Albania director on the new mortgage limits (1 July 2025)
What the monthly payment looks like
ABI Bank's published schedule for EUR 50,000 at 4.5% over 20 years is EUR 316.32 a month. The same formula gives about EUR 417 a month for EUR 75,000 over 25 years at 4.5%. On top of the instalment come the bank fee (about 1-1.25% once), the valuation, the notary, the registration of the mortgage at ASHK, and yearly life and property insurance, which ABI quotes at roughly 0.45-0.65% and 0.5-1.2% of the loan.
Off-plan flats, emigrants and foreigners
A flat still under construction can be financed. Some banks accept temporary collateral, such as another property, until the new flat can be mortgaged; others lend on projects they have an agreement with the developer for. Many developers also sell in instalments, but those terms differ from project to project.
Albanians working abroad can borrow on stricter terms: ABI finances up to 50% of the value for emigrants and ProCredit adds a higher margin. Some banks (Credins, ProCredit) say non-residents may be eligible, but no bank publishes general rules for foreign buyers; ask the bank before you sign a reservation.
Municipalities also run subsidised loans (kredi e butë) for families without a home of their own. Tirana budgeted 1,500 new quotas for 2026; calls are announced by each municipality and on e-Albania.
Questions and answers
Sources
- Bank of Albania, Monthly Statistical Report, June 2026 (tables 1-14, 1-18b). Bank of Albania (accessed 2026-10-23)
- Balkanweb interview with a Bank of Albania director on the new mortgage limits (1 July 2025). Balkanweb, 2025-07-01 (accessed 2026-10-23)
- Raiffeisen Bank Albania, home-loan fees and conditions for salaried clients (28 July 2026). Raiffeisen Bank Albania, 2026-07-28 (accessed 2026-10-23)
- ProCredit Bank Albania, interest rates for individual loan products (23 July 2026). ProCredit Bank Albania, 2026-07-23 (accessed 2026-10-23)
- Union Bank, home loan conditions ("in force from July 2025"). Union Bank (accessed 2026-10-23)
- Credins Bank, home loan page. Banka Credins (accessed 2026-10-23)
- ABI Bank, pre-contract information sheet for the home loan (example of 30.03.2026). ABI Bank (American Bank of Investments), 2026-03-30 (accessed 2026-10-23)
What is missing
Gaps we know about: questions we have no reliable data for yet.
- Current home-loan terms of BKT, Intesa Sanpaolo, OTP and Fibank were not found on official pages.
- ASHK fee for registering a mortgage (set by DCM 389/2020) not checked.
- No bank publishes rules for non-Albanian buyers; to be asked directly.