No file analysis fee
Maximum value of the credit extended to 80,000 lei
No advance payment
Grace period up to 12 months
Possibility of the entirety refinancing of the loans in progress as well as amounts increasing
Possibility of using the Internet Banking service to view the credit status (balance, interest rates, credit rates) and for current operations (payments, deposits)
All the certain permanent incomes related to the entire credit period of time and whole family could be taken into consideration for the net income calculation.
Loan Destination: refinancing of consumer credits and credits for real estate investments
The value of the loans: maximum 90.000 lei
Own contribution: not required
Credit period of time:
- minimum 1 year, no grace period
- maximum 5 years, with possibility to opt for a grace period of 12 months
Withdrawal Period: maximum 60 calendar days, one disbursement
Loan repayment: monthly installments with maturities allowed any day between 5 and 20 of the month
Client age when the final credit repayment is made: not more than 70 years, included
Types of incomes accepted by the Bank: permanent certain net income (salaries, pensions, agricultural activities, self-employment, rents, dividends, partnership agreements, intellectual property rights etc.)
- variable over the entire lending period:
Standard / no credit by card: 9.16% (IRCC + 6.50 p.p.)
Together with credit by card: 8.16% (IRCC + 5.50 p.p.)
For loans guaranteed with collateral cash: 8.16% (IRCC + 5.50 pp)
The current IRCC index level taken into account is of 2.66% on the basis of the IIQ 2019 quotation published on September 30, 2019 on the National Bank of Romania website.
Interest changes quarterly on January 1, April 1, July 1, and October 1 of the year, or on the first business day immediately following the first day of the quarter, if the first of the quarter is a non-working day, in accordance with the provisions Emergency Ordinance no. 19/2019 for amending and supplementing some normative acts. The Index is published quarterly by the National Bank of Romania on the Institution's website and is calculated in accordance with the Rules on the calculation and publication of the daily index and of the quarterly reference index regulated by GEO 19/2019.
- Fixed over the entire lending period:
Standard / no credit by card: 10.40%
Together with credit by card: 9.40%
Commissions valid in both cases of interest rates:
File analysis fee: 0 lei
Credit Management Fee: 20 lei (monthly, fixed amount)
Early repayment fee: 0 lei
Single commission for services provided to clients: 0
Early repayment fee for Fixed Interest Loans: 1% applied to the amount of the credit refunded earlier, if early repayment is required up to the last 12 months and 0.5% applied to the amount of the credit repaid earlier, if repayment is requested in the last 12 months reimbursement.
Other cost items not included in the DAE calculation, respectively:
Registration/ extension / modification (as the case may be) and cancellation of the movable security on present and future credit balances of current accounts of client / codebtor and of debit card accounts of the client at the Electronic Archive for Security Interests in Movable Property.