Individual price list

For non-life insurance products, prices are determined by the insurance company and TEB Bank Sh.A. will not apply additional fee.

Fees for early prepayment of consumer loans, car purchases, education and cash covered loans

*For the remaining maturity >12 months 1% of the remaining principal of the loan; * For the remaining maturity <12 months 0.5% of the remaining loan amount

**If the loan is closed in the first year, five percent (5%) of the principal amount.

**If the loan is closed in the second year, four percent (4%) of the principal amount.

**If the loan is closed in the third year, three percent (3%) of the principal amount.

**If the loan is closed in the fourth year, two percent (2%) of the principal amount.

**If the loan is closed in the fifth year, one percent (1%) of the principal amount.

**No penalty fee should be charged after the fifth year.

Effective interest rate for all types of loans is calculated according to the longest maturity of each type of loan noted in the price list.

Please, visit our portfolio officers for a detailed calculation of any loan request. The calculation method is provided by bank staff, on customer request. The bank calculates effective interest rate on Loans and Deposits based on the CBK regulation on ”effective interest rates and requirements for disclosure” and it is disclosed in the contract between bank and customer.

The Borrower shall bear the costs of assessing the mortgage, including the fee for the notarization of the mortgage contract and the registration fee for the mortgage in the cadastral register. Interest will be applied for each delay in payment.

* By entering into force of the Law on Consumer Protection No.06/L-034, on 29.06.2018, the loan application fee of 1% >12 monthly and 0.5% <12 monthly applies.

** In accordance with the Regulation on Housing Mortgage Loans, from 01.04.2016, the aforementioned subscription fee applies only for loan agreements that were signed until 01.04.2016, while for contracts signed before this date, the fee for subscription of 50% of the remaining loan applies.

*** The interest rate shall be calculated on the basis of the requirement of the CBK Regulation on the interest rate which is the annual rate consisting of a reference rate increased by 8 percentage points fixed rate. The reference rate shall be changed and published by the CBK every six months on the internet web page https://www.bqk-kos.org/. On 1st February, it will be published the rate based on the average for the period July-December, which will be valid for the following period from 10th February to 9th August; whereas on 1st August of the calendar year, the rate based on the average for the period January-June is published, which is valid for the next period from 10th August 10 to 9th of February. If the CBK has not published the new reference rate, the CBK reference rate recently published will be used.

**** Effective Interest Rate (EIR): EIR is calculated according to the provisions of the CBK Regulations on Effective Interest Rate Disclosure and on the assumptions provided in the regulation:

If the client applies for the overdraft product in the amount of 500 Eur, then the NEI is 20.22%
If the client applies for the overdraft product in the amount of 750 Eur, then the NEI is 20.22%
If the client applies for the overdraft product in the amount of 1,000 Eur, then the NEI is 20.22%
If the client applies for the overdraft product in the amount of 1,350 Eur, then the NEI is 20.22%