Zero Cost Cash Loan

Purpose

Get your first consumer loan from iute with zero cost – ideal for meeting personal needs such as: paying for a plane ticket, prepaying for a vacation, unexpected expenses, and more.

Who is eligible for the loan?

• A new client at iute

• Albanian citizens over the age of 18

• Individuals with personal or business income

Product Features

• The loan is offered in Albanian Lek (ALL)
• Financing amount up to 50,000 ALL
• 0% interest for the entire period
• Equal monthly installment payments
• 0% Effective Interest Rate (EIR)
• 0% Commitment Fee
• Term of up to 2 months
• No co-borrower required; no collateral required

Required Documents for Application

• A valid identification document
• An income verification document may be requested (generated from e-Albania)