Personal needs loan
Advantages
Personal loan for unspecified needs: up to 200,000 lei, for a period of up to 60 months.
What you pay is EXACTLY what you choose!
- No surprises with your monthly instalment: the instalment rate remains fixed;
- No management fees;
- No real estate guarantee;
- No justification about what you do with the money;
- Simple! No need of income certificate, only your identity document and NAFA accord;
- You can also use it for refinancing;
- Lower interest rates if you collect your salary or pension with us;
- 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 financing decision. The final financing decision will be communicated after the submission of all the necessary documents and the credit analysis.
| Product Characteristics | |
|---|---|
| Minimal amount | 2,000 RON |
| Maximal amount | RON 110,000 – with insurance RON 200,000 – without insurance |
| Maximum period | 60 months |
Eligibility criteria
You can apply for a credit if:
- You are a Romanian citizen residing in Romania and earning income in Romania (or income from activities carried out as a seafarer and/or from other hierarchical categories within the same type of activity);
- You are between 24 and 70 years old (at the end of the credit period);
- The monthly income declared in the application must be a multiple of 800 RON, proportional to the number of family members, but not less than 1,600 RON.
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.
Interests and fees
The fixed interest rate ranges between 6.49%/year and 14.59%/year. It is determined based on several factors analyzed during the credit application: the option to have income deposited in the current account and the conclusion of a life and unemployment insurance policy, the relationship between the employer and the bank (if the bank has a salary transfer agreement with the employer), the income level, job tenure and stability, the existence of a credit history and the repayment behavior of previous loans, etc. The values of the interest rate, monthly payment, and total repayable amount displayed in the simulation depend on the selected parameters (loan duration, type of interest, type of installments). For a personalized calculation, we are waiting for you at an Exim Banca Romaneasca branch.
Representative calculation examples 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 being received via salary transfer agreement and the conclusion of a life and unemployment insurance policy:
- Minimum interest: 6.49%, Fixed installment: 978.07 lei/month; Total repayable amount: 61.247,79 lei; APR = 9.01%. The following costs were included in the APR calculation: 200 lei analysis fee, transactional current account fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and charged at loan disbursement;
- Average interest: 8.49%, Fixed installment: 1.025,59 lei/month; Total repayable amount: 64.098,54 lei; APR = 11.23%. The following costs were included in the APR calculation: 200 lei analysis fee, transactional current account fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and charged at loan disbursement;
- Maximum interest: 12.59%, Fixed installment: 1.127,19 lei/month; Total repayable amount: 70.194,62 lei; APR = 15.92%. The following costs were included in the APR calculation: 200 lei analysis fee, transactional current account fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and charged at loan disbursement.
Representative calculation examples 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 being received via salary transfer agreement and the conclusion of a life and unemployment insurance policy:
- Minimum interest: 6.49%, Fixed installment: starting from 1.103,75 lei/month; Total repayable amount: 60.811,11 lei; APR = 9.13%. The following costs were included in the APR calculation: 200 lei analysis fee, transactional current account fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and charged at loan disbursement;
- Average interest: 8.49%, Fixed installment: starting from 1.187,08 lei/month; Total repayable amount: 63.352,78 lei; APR = 11.39%. The following costs were included in the APR calculation: 200 lei analysis fee, transactional current account fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and charged at loan disbursement;
- Maximum interest: 12.59%, Fixed installment: starting from 1.357,92 lei/month; Total repayable amount: 68.563,19 lei; APR = 16.16%. The following costs were included in the APR calculation: 200 lei analysis fee, transactional current account fee: 5 lei, insurance cost: 4.1268% applied to the granted amount and charged at loan disbursement.
Fees
| Fee | RON |
| File analysis fee | RON 200 |
| Monthly credit management fee | 0% |
| Early repayment fee |
|
| Unique fee for services performed upon consumer’s request | RON 250 |
| Insurance cost | 4.1268% of the approved amount, fully paid in on credit granting, from own sources or from the credit |
Other costs to be paid by the client
- Registration fee with the National Registry of Movable Property – the cost differs depending on the taxes and fees charged by the operators/agencies for registration with the National Registry of Movable Property.