Banca Românească has a 62 million lei guarantee limit for First House program, until the end of 2015.

"We have for this year a 62 million lei guarantee limit, which means that Banca Româneasca clients can contract, in 2015, total loans of 124 million lei through the First House program", states Dan Grigoriu, Head of Retail Segments and Products, Banca Românească.

The interest rate for the loans granted by Banca Românească in the First House program is formed of ROBOR at 3 months plus a fixed margin of 2,5%.

For the acquisition of finished houses, including those built by the National Housing Agency (NHA), the maximum financed value is, according to the regulations in force, 57.000 Eur (Lei equivalent), and for the loans granted to buy new houses, the maximum limit is 66.500 Eur (Lei equivalent). Banca Româneasca clients benefit of a minimum advance payment of 5% of the loan value, the absence of fees and financial pre-approval of 90 calendar days.

"In 2014, the average value of the loans was 157.000 Lei (equivalent of 35.000 Eur). The highest request was for two and three-room apartments from the big cities", says Dan Grigoriu, Head of Retail Segments and Products, Banca Românească.

Since the beginning of the First House program, in 2009, Banca Românească granted over 5.500 loans, until the end of January 2015.