Personal needs loan
Interest reduced to 7.5%! When we say 7.5%, exactly 7.5% remains! Only with income transfer, no hidden costs!
The credit for non-nominated personal needs, the amount up to RON 150,000, for a period of up to 60 months.
Advantages
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 150,000 – without insurance |
| Maximum period | 60 months |
Eligibility criteria
You can apply for a credit if:
- You are a Romanian or foreign citizen with permanent or temporary residence in Romania or with residence in OECD/EU countries;
- You are at least 22 years old and not more than 70 years 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 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.
Interests and fees
| Credit – with insurance | Interest type | Interest (%) | APRC*(%) |
|---|---|---|---|
| With income collection | Fix | 7.90 | 8.81 |
| Without income collection | Fix | 9.00 | 11.57 |
* APRC is calculated for a credit worth RON 110,000, with insurance granted for a 5 years period.
For a credit with fixed interest worth RON 50,000 for 5 years, with insurance and repayment in equal monthly instalments, analysis fee is RON 200, monthly account management fee is RON 5, and the insurance cost is RON 2,063.40, APRC 10,13%, the value of monthly instalment amounts to RON 1,001.90 and total amount to be paid is worth RON 62,677.21 .
| Credit – without insurance | Interest type | Interest (%) | APRC*(%) |
|---|---|---|---|
| With income collection | Fix | 7.50 | 7.90 |
| Without income collection | Fix | 9.00 | 9.52 |
*APRC is calculated for a credit worth RON 150,000, without insurance, granted for a 5 years period.
For a loan of 50,000 RON for a period of 5 years, with income collection, without insurance and reimbursement in equal installments, the analysis fee is RON 200 and the monthly account management fee is RON 5. The APRC is 8.25%, the value of the monthly installment of RON 1,001.90, and the total amount payable is RON 60,701.41.
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.