• Customer's guide

Do you want to buy a house? Choose a house in one of the Real Estate Complex!

 BENEFITS OF THE RESIDENTIAL LOAN FROM BANCA ROMANEASCA:

• The monthly installment is smaller than the standard mortgage loan, for the same granted amount
• The real estate insurance is free
• The additional costs, banking fees, public notary fee and other costs related to the contract loan object can be covered by the loan

 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: 1% from the loan value, paid on the disbursement day
  • Collateral Evaluation fee: depending on the prices of the agreed evaluator
  • Public Notary fee: depending on the prices of the public notary who will supervise the transaction
  • AEGRM registration fee: depending on the prices of the authorized evaluator.
• 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

EUR

Maximum amount 300.000

 INTEREST RATES
How to calculate interest rate:
Variable interest rate = Variable part (Reference index*) + Fixed Margin
* Euribor 3M, reference index is calculated 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	Reference Index	APR
EUR	6.019%	5.3%	0.719%	6.39%

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