Relaxed credit for refinancing with mortgage

You made your financial calculations and the result was not the desired one? Use in confidence the Refinancing Formula and the result will be simple:

The refinancing credit with mortgage – the ideal solution to cut down your worries and financial efforts.

Advantages

We refinance any credit type;
You pay a single monthly instalment, which will be smaller than the sum of all the instalments you used to pay so far;
You can get an additional amount which you can use as you wish;
You can have several types of income (salaries, pensions, income from freelancing, copy rights, rents, etc.);
The real estate (apartment, house) you secure the credit with can be in your property or of any other person;
0% monthly credit management fee;
0% early repayment fee;
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.

Characteristics	RON
Minimal amount	20,000
Maximal amount	1,000,000
Maximum period	– maximum 25 years in case only the credits granted before July 8^th, 2020 are refinanced – maximum 5 years in case the credits granted before July 8^th, 2020 are refinanced and/or additional amounts are granted

Characteristics

RON

Minimal amount

20,000

Maximal amount

1,000,000

Maximum period

– maximum 25 years in case only the credits granted before July 8^th, 2020 are refinanced

– maximum 5 years in case the credits granted before July 8^th, 2020 are refinanced and/or additional amounts are granted

Interest and fees

Interest

Product	CCB value(%)	Fixed margin (%)	Variable interest (%)	APRC(%)
Consumption credit – with salary collection*	5.90	4.30	10.20	11.70
Consumption credit – without salary collection	5.90	4.80	10.70	12.26

APRC is calculated for a credit worth RON 150,000, granted for a 5 years period.

For a credit worth RON 150,000 for 5 years, with salary/pension collection with us*, the monthly instalment is worth RON 3,201.84 , APRC 11.70%, total amount to be paid is worth RON 195,725.87.

* including the clients holding an account package and collecting at least RON 2,000 monthly in the package account.

The interest rate is variable and quarterly revised on January 1^st, April 1^st, July 1^st, October 1^st, 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.

Fees

Fee	RON
File analysis fee	0 – with salary collection 1,000 – without salary collection
Monthly credit management fee	0%
Early repayment fee	0%
Sole fee for services upon consumer’s request	500 RON

Other costs to be paid by the client

Real estate insurance policy – the cost differs depending on the insured amount and/or on the company where the insurance policy was signed.
Registration tax with the National Archive of Secured Transactions – RON 87.6.
Notary’s taxes and fees – the cost differs depending on the taxes and fees practiced by Notaries Public authenticating the mortgage contract.
The cost of the evaluation report for the real estate brought as guarantee – will be borne by the client before credit granting. The cost set up and charges by agreed Evaluation companies: RON 490 for apartments and RON 630 for houses.

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 family monthly income is at least RON 1,200 . For a family (including co-debtors) with more than 2 members, the minimum income should be multiple of RON 500, proportional to the number of family members;
You can present up to two co-debtors, relatives and in-laws up to the 1^st degree.

Guarantees

First rank or lower rank real estate mortgage, provided the higher ranks are, after refinancing, in favor of the bank, established over a real estate in credit beneficiary’s property or of other natural persons;
Insurance policies of the finished building;
Movable mortgage over the accounts opened with us;
Collateral deposits.

Required documents

Identity documents of the applicant, husband/wife and co-debtor;
NAFA accord;
Credit contracts, repayment schedules or refinancing letters for the credits to be refinanced (if the case);
Real estate ownership documents, cadaster documentation and registration of the property right;
Copies of identity documents of mortgage guarantors.

Loans