Relaxed Credit for Refinancing without mortgage

Variable Interest:

The variable interest rate ranges between 9.55% (IRCC + 3.49)/year and 17.15% (IRCC + 11.09)/year. It is determined based on several factors analyzed during the credit application process: the history of your relationship with the bank, the option to have your income deposited into a current account, income level, job tenure and stability, existence of a credit history, and the repayment behavior of previous loans, etc. The values related to the interest rate, monthly installment, and total repayment amount shown in the simulation depend on the selected parameters (loan duration, interest type, installment type). For a personalized calculation, we invite you to visit an Exim Banca Românească branch.

Representative examples calculated for a loan granted over 5 years, in the amount of 50,000 lei, with equal installments, with a variable interest rate under the condition of receiving income in an Exim Banca Romaneasca account:

• minimum interest rate: 9.55% (IRCC+3.49)/year, Variable installment: 1.051,32 lei/month; Total payable amount: 63.578,91 lei; APR=10.39%, Analysis fee: 200 lei, transactional current account fee: 5 lei;
• average interest rate: 11.55% (IRCC+5.49)/year, Variable installment: 1.100,89 lei/month; Total payable amount: 66.553,15 lei; APR=12.60%. Analysis fee: 200 lei; transactional current account fee: 5 lei;
• maximum interest rate: 15.65% (IRCC+9.59)/year, Variable installment: 1.206,62 lei/month; Total payable amount: 72.897,45 lei; APR=17.25%. Analysis fee: 200 lei, transactional current account fee: 5 lei.

Representative examples calculated for a loan granted over 5 years, in the amount of 50,000 lei, with decreasing installments, with a variable interest rate under the condition of receiving income in an Exim Banca Romaneasca account:

• minimum interest rate: 9.55% (IRCC+3.49)/year, Variable installment: starting from 1,231.25 lei/month; Total payable amount: 62,636.46 lei; APR=10.42%, Analysis fee: 200 lei, transactional current account fee: 5 lei;
• average interest rate: 11.55% (IRCC+5.49)/year, Variable installment: starting from 1,314.58 lei/month; Total payable amount: 65,178.13 lei; APR=12,63%. Analysis fee: 200 lei; transactional current account fee: 5 lei;
• maximum interest rate: 15.65% (IRCC+9.59)/year, Variable installment: starting from 1,485.42 lei/month; Total payable amount: 70,388.54 lei; APR=17.30%. Analysis fee: 200 lei, transactional current account fee: 5 lei.

The interest rate is variable and reviewed quarterly, on January 1st, April 1st, July 1st, and October 1st, based on the IRCC value calculated by the National Bank of Romania at the end of each quarter, according to the calculation methodology regulated by Emergency Ordinance 19/2019 and published on the BNR website on the last working day of the quarter.

Fix Interest:

Fixed interest rate for refinancing over a maximum period of 5 years.

The fixed interest rate ranges between 6.49%/year and 14.59%/year. It is established based on several factors analyzed in the credit application: the option to have income deposited into the current account and to conclude a life and unemployment insurance policy, the employer’s relationship with the bank (whether the bank has a salary transfer agreement with the employer), income level, length and stability of employment, existence of a credit history and previous credit repayment behavior, etc. The values related to the interest rate, monthly payment rate, as well as the total amount to be repaid displayed in the simulation depend on the selected parameters (loan duration, interest type, installment type). For a personalized calculation, we welcome you to visit an Exim Banca Romaneasca branch. 

Representative examples of calculation, for a loan granted over 5 years, in the amount of 50,000 lei, with equal monthly installments, with a fixed interest rate under the conditions of income collection through a salary transfer agreement and the conclusion of a life and unemployment insurance policy:

• minimum interest rate: 6.49%, Fixed rate: 978.07 lei/month; Total payable amount: 61,247.79 lei; APR = 9.01%. The APR calculation includes the following costs: 200 lei analysis fee, current account transaction fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and collected at the time of loan disbursement;
• average interest rate: 8.49%, Fixed rate: 1,025.59 lei/month; Total payable amount: 64,098.54 lei; APR = 11.23%. The APR calculation includes the following costs: 200 lei analysis fee, current account transaction fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and collected at the time of loan disbursement;
• maximum interest rate: 12.59%, Fixed rate: 1,127.19 lei/month; Total payable amount: 70,194.62 lei; APR = 15.92%. The APR calculation includes the following costs: 200 lei analysis fee, current account transaction fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and collected at the time of loan disbursement.

Representative examples of calculation, for a loan granted over 5 years, in the amount of 50,000 lei, with decreasing monthly installments, with a fixed interest rate under the conditions of income collection through a salary transfer agreement and the conclusion of a life and unemployment insurance policy:

• minimum interest rate: 6.49%, Fixed rate: starting from 1,103.75 lei/month; Total payable amount: 60,811.11 lei; APR = 9.13%. The APR calculation includes the following costs: 200 lei analysis fee, current account transaction fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and collected at the time of loan disbursement;
• average interest rate: 8.49%, Fixed rate: starting from 1,187.08 lei/month; Total payable amount: 63,352.78 lei; APR = 11.39%. The APR calculation includes the following costs: 200 lei analysis fee, current account transaction fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and collected at the time of loan disbursement;
• maximum interest rate: 12.59%, Fixed rate: starting from 1,357.92 lei/month; Total payable amount: 68,563.19 lei; APR = 16.16%. The APR calculation includes the following costs: 200 lei analysis fee, current account transaction fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and collected at the time of loan disbursement.

The fixed interest rate for refinanced loans with a term between 5 and 10 years is increased by up to 0.5 percentage points above the interest rate level of a 5-year loan.

Fees:

• 1% if the left period until maturity is longer than one year
• 0.5% if the left period until maturity is shorter than one year

Sole fee for services upon consumer’s request 250 RON

Other costs to be paid by the client

• Registration tax with the National Real Estate Publicity Register – the cost varies depending on the fees and charges applied by the operators/registration agents at the National Real Estate Publicity Register

You can apply for a credit if:

• You are a Romanian citizen with residence in Romania and who obtains an income in Romania (or income from the activity as a sailor and/or from other hierarchic categories of the same activity type);
• You are at least 24 years old and not more than 70 years old at the end of the lending period;
• The monthly income per application should be a multiple of RON 800, proportional to the number of family members, but not less than RON 1,600.

Several types of income are accepted: salaries, pensions, income from freelancing, income from copyrights, etc. To find details about the types of accepted income, approach a sales consultant in our units!

• Identity documents for the applicant and co-debtor (in original),
• NAFA accord.