• Customer's guide

Do you want to buy an apartment or to build a house? This is the right time! Buy the house you want or build the house of your dreams with the most accessible loan! Come to Banca Romaneasca and take your house loan for a period of 35 years!

BENEFITS OF THE MORTGAGE LOAN FROM BANCA ROMANEASCA:

• The loan related expenses that can be proved by legal documents are covered (e.g.: the public notary charges/fees, the fee for real estate agency, etc.)
• The maximum loan tenor is 35 years
• The bank accepts maximum 2 co debtors.
• The financial pre-approval is valid for 60 days.

ELIGIBILITY CRITERIA

• Romanian or foreign citizen with permanent or temporary residence in Romania
• Aged between 25 and 70 years for mortgage loans (except sailors which must be between  25 and 60 years old)
• Minimum income is RON 800

NECESSARY DOCUMENTS FOR THE LOAN FILE:

• ID  for the applicant, spouse and co borrower (original)
• Marriage certificate, if case (original)
• Last utility invoice (electricity, phone, etc.-original)
• Proving documents for the income obtained in the current year (example: Income certificate)
• Proving documents for the income obtained in the last concluded year (example: Fiscal Statement)
• Real estate ownership documents, cadastre file and certificate presenting the ownership right registration
• ID copy for the Sellers

 CREDIT COSTS

• Loan cost at granting date:
  • Analysis fee: 2% from the granted amount, paid on the disbursement day
  • Collateral Evaluation fee: depending on the prices of the contracted evaluator
  • AEGRM registration fee: depending on the prices of the authorized agent
  • Public Notary fee: depending on the prices of the public notary who will supervise the transaction
• Cost during the loan tenor:
  • Monthly administration fee: not applicable
  • Early repayment fee: not applicable
  • House insurance: paid by the bank
  • Variable interest rate

 LOAN GUARANTEE:

• First rank mortgage or inferior rank mortgage provided that the superior rank mortgage is in favor of Banca Romaneasca on the purchased real estate
• Collateral deposits,
• Insurance of the mortgaged real estate, assigned in favor of the bank.
• Pledge over the present and future balances of the accounts opened at Banca Romaneasca.

 MINIMUM OWN CONTRIBUTION:

• Between 20% and 50%, depending on the town where the house to be bought is situated.

 AVAILABLE CURRENCY

RON	EUR
Maximum amount 1.650.000	Maximum amount 300.000

 INTEREST RATES
How to calculate interest rate:
Variable interest rate = Variable part (Reference index*) + Fixed Margin
*Robor 3M, Euribor 3M, reference index determined based on the loan currency, according to the value of the reference index valid for 15^th of March, 15^th of June, 15^th of September, 15^th of  December with application starting with 25^th of  March, 25^th of June, 25^th of September, 25^th of  December. 

CCY	Variable interest rate	Fixed Margin	Variable Part	APR
RON	10.12%	3.2%	6.92%	10.87%
EUR	6.919%	6.2%	0.719%	7.36%

You can find out more information about the mortgage loan by accessing the Customer's guide.