Eco House Loan
We’re here to introduce you the new Casa Eco loan
Why choose a green home certified by Romania Green Building Council?
|Currency||Interest type*||Reference index||Fixed interest
|Margin|| Interest rate
(indice + margin)**
|File analysis comission||Monthly management fee|
|RON||Fixed||-||8.70%||2.70%||8.66%||600 RON||0 RON|
|RON||Variable||IRCC 3M**||-||2.70%||8.66%||600 RON||0 RON|
|EUR||Variable||EURIBOR 6M***||-||4.35%||8.308%||130 EUR||0 EUR|
*The margin is applicable in case you cash in your salary in your Garanti BBVA account.
**The variable interest rate is updated quarterly, depending on the evolution of the index for consumer loans: on 1st January, 1st April, 1st July and 1st October, applicable for the entire duration of the loan.
The value of IRCC 3M on October 1, 2023 is 5.96%.
*** The EURIBOR 6M reference index has a value of 3.958% and is updated every February 1st and August 1st for the entire duration of the loan.
Example of calculation in case you cash in your salary in your Garanti BBVA account:
The effective annual interest rate (EIR) is 9.26%/ year for a housing loan in the amount of Lei 225,000 RON over a period of 360 months, with repayment in equal monthly instalments. The interest rate is 8.66 %/ year, variable, consisting of IRCC at 3 months + bank’s margin of 2.70%. Loan analysis fee is 600 Lei and monthly administration fee is 0, applied to loan balance. Monthly instalment amount is 1.755,63 Lei, and the total amount payable is 643.279,38 Lei .
* The total amount payable and the APR include costs related to: insurance policies, appraising real estate collateral, registering pledge contracts in RNPM, commissions for processing payment orders.
Details about the structure of costs (interest, fees, other taxes) here.
Eco House Loan is easy to get
Documents attesting the income from salaries, rents, service provision, freelance activities, dividends, pensions, etc (more details at Garanti BBVA agencies);
*During file analysis the bank may request supplementary documents