At the request of customers, the Bank may grant loans in euro only in case they turn out getting revenue in euros.

Lending period of up to 20 years

Grace period determined according to the loan period

Possibility of fee free early reimbursement

Rescheduling/restructuring of loans

For the calculation of net income, all certain, permanent incomes of the family to be received during the lending period can be taken into account

The possibility to use the Internet Banking and/or Mobile Banking service for free during the first three months, to visualise the credit status (balance account, interest, instalments) but also for current operations (payments, deposits)
Loan destination: rehabilitation of the houses owned by the customers, by authorized contractors or by direct labor operations

Currency: EURO

Loan value: maximum EURO 700.000

Own contribution: it is not mandatory

Loan period: maximum 20 years

Drawing period: maximum 180 days

Grace period: maximum 360 days, depending on the loan period

Guarantees: real estate mortgage over the property – the construction and/or the land whom there is or it is to be raised a construction, that is the object of the investment property for which the loan is granted. In completing the real estate mortgage there may be admitted other guarantees, too, of those accepted by Bank.

Insurance against the disaster risks of the mortgage property is mandatory, being necessary before granting the loan

Age at the date established for the full repayment of the loan: maximum 75 years, including
 
 

Interest
- variable

Loans that are subject of Law 77/2016
7.78% (EURIBOR 6M + 8.00 p.p.)

Loans that are not subject of Law 77/2016
5.78% (EURIBOR 6M + 6.00 p.p.)

The currently considered EURIBOR 6M interest level is -0.22%, valid on 3 January 2017.

The EURIBOR 6M interest rate level varies each semester on the 1st January and 1st July of the year or in the first working day next to the day of first of the semester, if such date is a non-working day.

The valid value of the indices at the modification date is published by the related regulatory organization, two working days prior.

Fees
File analysis fee: Euro 150
Early reimbursement fee: 0
Loan management fee: 0.04% applied monthly at the loan balance

Other cost elements that are not taken into account of DAE, respectively:
- sole commission for services performed at the customer’s request related to the deployment of the loan;
- registration/extension/modification (by case) and cancellation of the pledge on the present and future credit balances of the current accounts of the customers/co-debtors and of the customer’s debit card accounts at the Electronic Archive of Security Interests;
- all the costs (taxes, fees, other costs) that are to be paid about concluding, advertisement and/or registration of the loan contract and of the ancillary documents (guarantee contracts, including their extension/cancellation etc.), including the notary fees;
- the amounts representing the insurance premiums related to the insurance policies for general risks, related to the value of the assets accepted as collateral, for which there are concluded such policies and/or PAD (Effective Annual Interest Rate) premium quote, given that the Bank does not impose the concluding of the insurance premiums with a certain provider of such services;
- the amounts related to the evaluation of the movable/immovable assets accepted as collateral, except for the evaluation that is performed by the internal evaluators of the Bank.

The possible fluctuations of the exchange rate which may affect the amount to be paid, in case of contracting a loan in EURO, meaning its increase, can lead to impair your possibility of payment.

Loans interests (.pdf)

Loan fees (.pdf)

Examples of calculation - Standard Products (.pdf)