Relaxed Credit for Refinancing
Advantages
Get rid of the monthly instalment’s burden and relax!
Because now, Refinancing without mortgage brings you a single monthly instalment. A smaller one.
- You can choose between the product with variable interest and the product with fixed interest;
- You have RON 0 analysis fee, both for the product with fixed interest and the product with variable interest;
- You have RON 0 fee of early repayment for the credit with variable interest;
- Refinancing without real estate guarantee;
- Additional money over the cumulated value of refinanced credits, which you can use as you wish;
- Lower interests if you collect your salary or pension with us or choose an account package and collect monthly at least RON 2,000 in the package account;
- You receive instant answer with the maximum amount you can get.*
* the maximum amount that can be obtained is based on an estimated calculation using the data declared in the loan application. The answer is not the bank’s final decision. The final financing decision will be communicated after the submission of all the necessary documents and the credit analysis.
| Characteristics | |
|---|---|
| Minimal amount | 2,000 RON |
| Maximal amount | 150,000 RON |
| Maximum period |
|
Interest and fees
Variable Interest:
| Product | Period | CCB value (%) | Margin (%) | Interest (%) | APRC**(%) |
|---|---|---|---|---|---|
| Credit with variable interest | 5 years | 5.90 | 8.10 | 14.00 | 15.00 |
| 5-10 years | 5.90 | 8.40 | 14.30 | 15.34 | |
| Credit with variable interest – with income collection | 5 years | 5.90 | 7.60 | 13.50 | 14.44 |
| 5-10 years | 5.90 | 7.90 | 13.80 | 14.18 |
*APRC is calculated for a credit worth RON 150,000, for a 5 years period.
For a loan worth RON 50,000 for a 5 years period, with income collection and reimbursement in equal installments, the monthly account management fee is 5 RON. The APR is 14.59%, the value of the monthly installment of 1,150.49 RON, and the total amount payable is 69,329.60 RON.
The interest rate is variable and quarterly revised on January 1st, April 1st, July 1st, October 1st, considering the consumer credit benchmark (IRCC) value calculated by NBR at the end of each quarter, according to the calculation methodology regulated by GEO 19/2019 and published on NBR’s website on the last working day of the quarter.
Fidex Interest:
| Product | Period | Interest (%) | APRC**(%) |
|---|---|---|---|
| Credit with variable interest – with income collection | 5 years | 11.00 | 11.66 |
| 5-10 years | 11.30 | 11.97 | |
| Credit with fixed interest – with income collection | 5 years | 10.50 | 11.09 |
| 5-10 years | 10.80 | 11.17 |
** APRC is calculated for a credit worth RON 150,000, granted for a 5 years period, respectively for 10 years.
For a credit with variable interest worth RON 50,000 for 5 years, with salary collection with us and repayment in equal monthly instalments worth RON 1,074.70 monthly account management fee of RON 5, APRC 11,24%, total amount to be paid is worth RON 64,781.65.
Fees:
| Fee | RON |
|---|---|
| File analysis fee | 0 RON |
| Monthly credit management fee | 0% |
| Early repayment fee | For the credit with variable interest: 0.00% For the credit with fixed interest: |
- 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 request250 RON
Other costs to be paid by the client
- Registration tax with the Electronic Archive of Secured Transactions – RON 87.6.
Eligibility criteria
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 600, 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!
Required documents
- Identity documents for the applicant and co-debtor (in original),
- NAFA accord.