Relaxed credit
You feel relaxed when you take a credit with lower interest.
Advantages
Why the Relaxed Credit for Personal Needs?
- You benefit of money you do not have to justify and which you can use as you wish;
- Simple and quick to get, without income certificate, only based on your identity document and NAFA accord;
- No management fee;
- No real estate guarantee;
- You can use it also for refinancing;
- Lower interest rates if you collect your salary or pension with us;
- You get immediate answer with the maximum amount you can obtain.**
**the maximum amount that can be obtained relies on an estimated calculation based on the data declared in the credit application. The answer is not the final bank’s financing decision. The final financing decision will be communicated after the presentation of all the required documents and the credit analysis.
| Product Characteristics | |
|---|---|
| Minimal amount | RON 2,000 |
| Maximal amount | RON 110,000 – with insurance RON 200,000 – without insurance |
| Maximum period | 60 months |
Interest and fees
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: history of the relationship with the bank, option to receive income in the current account, income level, job tenure and stability, existence of a credit history and repayment behavior of previous loans, etc.
The values shown for the interest rate, monthly payment, and total repayment amount in the simulation depend on the selected parameters (loan term, interest type, type of installments). For a personalized calculation, we welcome you to visit an Exim Banca Romaneasca branch.
Representative examples calculated for a 5-year loan of 50.000 lei, with equal installments and variable interest rate, assuming income is received in an Exim Banca Romanească account:
- Minimum interest rate: 9.55% (IRCC+3.49)/year, Variable installment: 1.051,32 lei/month; Total repayable 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 repayable 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 repayable amount: 72.897,45 lei; APR = 17.25%, Analysis fee: 200 lei, transactional current account fee: 5 lei.
Representative examples calculated for a 5-year loan of 50.000 lei, with decreasing installments and variable interest rate, assuming income is received 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 repayable 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 repayable 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 repayable amount: 70.388,54 lei; APR = 17,30%, Analysis fee: 200 lei, transactional current account fee: 5 lei.
The interest rate is variable and is revised 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 GEO 19/2019 and published on the NBR website on the last working day of the quarter.
Fees
| Fee | RON |
|---|---|
| File analysis fee | RON 200 |
| Monthly credit management fee | 0% |
| Early repayment fee | 0% |
| Unique fee for services performed upon consumer’s request | RON 250 |
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 the registration with the National Registry of Movable Property.
Eligibility criteria
You can apply for a credit if:
- You are a Romanian citizen residence in Romania and who obtains income in Romania (or income from the activity performed as sailor and/or from other hierarchic categories of the same activity type);
- You are between 24 years old and 70 years old (at the end of the lending period);
- The monthly income per application should be 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!