TIRANA, Aug. 25 /ATA/ – The Ministry of Economy and Innovation announced on Tuesday that applications will open on August 27 for 300 zero-interest home loans for public administration employees to purchase homes, with the application period running until September 25, 2026.
A soft loan program launched by the Albanian government two years ago aims to provide teachers, doctors, servicemen, police officers and other public administration employees with affordable housing through bank loans at zero interest rate.
The 300 loans will be allocated among five institutions: 70 each for the ministries of Health and Social Welfare, Defence, Education and Interior, and 20 for the Prison Police under the Ministry of Justice.
Applicants must be public administration employees who meet the requirements of Albania’s social housing legislation. They must not own a home, unless their existing property falls below minimum housing standards, and must not hold movable or immovable assets worth more than half the value of the home they plan to purchase.
The mortgage subsidy program, which is being implemented for the first time in Albania, has been made available through specific legal changes and is handled via the web-based e-Albania platform in collaboration with second-tier banks, is designed to help to make home ownership more affordable by providing zero interest rate loans to the eligible categories. The interest rates will be fully subsidized by the state budget.
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