Housing Loan

Finding the house of your dreams is a big deal!

  • There is no place on Earth like that home where everything is to your liking. Nothing compares to that happiness and satisfaction. Everybody should enjoy the feeling of having their dream house, so whenever you are ready to make the big step, we are here to help you with our Housing Loan.
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Product features

  • For residential immovable acquisition
  • Minimum amount 10,000 EUR in Lei equivalent and no maximum amount
  • Maximum repayment period: 30 years
  • Advance payment: starting from 15% for loans in Lei
  • Minimum eligible income must be at least equal to minimum wage in the economy.
  • Various types of income taken into consideration: salary, dividends, rent, etc.
  • Obtaining the loan is subject to:
  • Establishing a rank I mortgage on the real estate acquired;
  • Establishing a pledge contract on current accounts and, if case, on incomes from dividends, rent agreements;
  • Contracting a compulsory insurance policy PAD and a voluntary insurance policy for the real estate mortgage collateral;
  • Contracting a life insurance policy;
  • Pledge & mortgage contracts will be registered in AERGM and Land book Registry.

House Insurance required (see details here)

Your advantages

  • Fast and simple approval process, without any income documentation for employees with salaries reported to the local National Agency for Fiscal Administration

You protect your family! You will benefit from a free Life Insurance (see details here)

  • In case of cashing your salary through Garanti BBVA, you have a preferential interest rate (see details in the table below)
Moneda Tip
dobândă*		 Indicele
de referinţă		 Dobândă
FIXĂ 3 ani*		 Marjă* Rata dobânzii
(indice + marjă)**		 Comision
de analiză
dosar		 Comision de
administrare
lunară
RON Fixă - 8.10% - - 600 RON 0 RON
RON Variabilă IRCC 3M** - 3.00% 8.98% 600 RON 0 RON
EUR Variabilă EURIBOR 6M*** - 3.00% 5.959% 130 EUR 0 EUR

*This Fixed interests and margins are applicable in case you cash in your salary in your Garanti BBVA account.

The interest rate is updated according to the evolution of the reference index for consumer loans as follows:

**The IRCC reference index has a value of 2.65% and is updated every January 1, April 1, July 1 and October 1 for the entire duration of the loan;

***The EURIBOR 6M reference index has a value of -0.519% 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 5.40%/ year for a housing loan in the amount of Lei 364,000 over a period of 262 months, with repayment in equal monthly instalments. The interest rate is 5.05% / year, variable, consisting of IRCC at 3 months + bank’s margin of 2.40%. Loan analysis fee is 600 lei and monthly administration fee is 0. Monthly instalment amount is 2,295.85 Lei, and the total amount payable is 612,701.63 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.

Ușor de obținut

Online

Pentru acest produs poţi aplica uşor printr-un formular online

În agenții

Poți veni in oricare din agențiile Garanti BBVA

Documents required*:

  • Identity card

Documents attesting the income from salaries, rents, service provision, freelance activities, dividends, pensions, etc (more details at Garanti BBVA agencies);

  • If your salary is reported to ANAF we only need your approval to check ANAF database, no income statement required in this case;
  • If your salary is not reported to ANAF the following documents are required:

* during file analysis the bank may request supplementary documents

Garanti BBVA face parte din categoria instituțiilor de credit care contribuie la schema de garantare a depozitelor, administrată de Fondul de Garantare a Depozitelor Bancare.

Banii clienților din conturile curente, cei din conturile de economii precum și cei din depozitele la termen Garanti BBVA sunt garantați până la concurența sumei de 100,000 EUR, în echivalent Lei, conform criteriilor menționate în Formularul pentru Informațiile Oferite Deponenților, precum și în Lista Depozitelor Excluse de la Garantare, vezi aici.

Poti vizualiza Documentul de informare cu privire la comisioane pentru Cont curent în EUR aici.

Good to know

Issues that need to be taken into account when contracting a loan:

  • Your revenues may vary. Please make sure that you can pay the monthly instalments, even if your revenues will decrease.
  • In case of loans with variable interest rate there is an interest rate risk. This risk is generated by the variation mentioned in the reference indexes as a component of the interest rate, which can raise the interest rate and increase the monthly instalment.
  • In case of loans in foreign currency there is a currency risk. This risk is generated by the possibility of depreciation of the national currency against the loan currency.

For more detail information related to Consumer Loan with Mortage please check this guide.

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