Personal needs loan and refinancing
The right loan for you from Garanti BBVA
250.000 Lei
Maximum amount and currency
5 years
Maximum lending period
- Garanti BBVA supports you with an easy-to-get, advantageous loan offer! Find out all the details about the personal needs loan without collateral, costs, granting conditions and refinancing
NEW 100% Online Loan
Through the Garanti BBVA Mobile app you can now get a personal loan of up to 250,000 lei.
You only have to go through a few simple steps:
- log in to the Garanti BBVA Mobile app and access the new products section >100% Online personal loans
- you choose choose the type, duration and amount of the loan
- validate or fill in the data required in the application
- receive the personalized credit offer
- if the loan suits you, go ahead with signing credit documents with an electronic signature
- after signing, the money arrives in your account in a few seconds
Features of personal needs loan
- Maximum lending limit and currency: 250,000 Lei
- Maximum lending period: 5 years
- Applies only to new loans without real estate guarantees* to existing customers** through the Mobile Banking application (Garanti BBVA Mobile), which is available in the AppStore, Google Play or AppGallery, for IOS and Android operating systems***;
- The minimum eligible income must be at least equal to the minimum wage;
- Several types of income can be taken into account: salary, dividends, rents, etc.
- Type of interest: fixed or variable
- Obtaining the loan is conditional on the creation and registration with the RNPM of a mortgage on current accounts and, where applicable, on receivables (dividends, rents)
Benefits
You enjoy a number of benefits if you apply for a personal needs loan without collateral or refinance through Garanti BBVA:
- You get your money fast, without income documentation, if you are employed and your income is reported to ANAF.
You benefit from free Credit Repayment Protection Insurance, which covers: involuntary job loss, death, details here
- You benefit from preferential interest rates if you choose to receive your salary at Garanti BBVA according to the table below, as follows:
| Currency | Interest type* |
Reference index | FIXED interest rate* | Variable interest rate | Application Analysis Commission | Monthly management fee |
|
| Margin* | Interest rate (index + margin)** |
||||||
| RON | Fixed | – | 7.98% | – | – | 0 RON | 35 RON |
| RON | Variable | IRCC3M | – | 4.20% | 10.19% | 0 RON | 35 RON |
*The fixed interest rates and margins shown are valid if you receive your income in an account at Garanti BBVA
**The variable interest rate is updated quarterly, depending on the evolution of the index for consumer loans: on January 1st, April 1st, July 1st and October 1st, for the entire duration of the loan.
***The payment of the analysis commission is excluded for the refinancing balance / balance of personal needs loans without collateral contracted before 08.07.2020 for a period longer than 5 years .
Otherwise, the commission from the list of Interest and credit commissions for Individuals is applicable.
Example of calculation in case you cash in your salary in your Garanti BBVA account:
The effective annual interest rate (EIR) is 12.53% year for a General Purpose Loan in amount of 45,000 Lei for a period of 60 months, with repayment in equal instalments. The interest rate is 10.19%/ year, variable, consisting of IRCC for 3 months + bank margin 4.20%. Loan analysis fee is 0 lei and the monthly administration fee is 35 lei.Monthly instalment amount is 995.33 Lei, and the total payable amount is 59,851.16 Lei.
Details of the cost structure (interest, fees, other charges) here.
Important information
Things to consider:
- In the case of a variable interest rate loan, there is an interest rate risk. This risk is generated by changes in the reference index that is part of the interest rate, which can increase the interest rate and increase the monthly repayment amount.
- Obtaining a loan is conditional on the establishment and registration with the RNPM of a mortgage on current accounts and, where applicable, on receivables (dividends, rents)
- Your income may vary. Please make sure that you will be able to pay your monthly installments, even if your income diminishes.
- The minimum eligible income must be at least equal to the minimum wage.
- Several types of income can be taken into account: salary, dividends, rents, etc.
Features of personal needs loan
- Maximum lending limit and currency: 250,000 Lei
- Maximum lending period: 5 years
- It is granted for personal needs or for refinancing of consumer loans regardless of the date of granting, with or without additional amount;
- The minimum income required is 2000 RON.
- Several types of income can be taken into account: salary, dividends, rents, etc.
- Type of interest: fixed or variable
- Obtaining the loan is conditional on the creation and registration with the RNPM of a mortgage on current accounts and, where applicable, on receivables (dividends, rents)
Refinancing personal needs loan
- Maximum lending limit and currency: 250,000 Lei
- Maximum lending period: 10 years for loans granted for refinancing the balance of loans contracted before 08.07.2020.
- Granted for refinancing the balance of consumer loans, overdraft limits or credit cards contracted before 8 July 2020.
- The minimum eligible income must be at least equal to the minimum wage.
- Several types of income can be considered: salary, dividends, rent, etc.
- Type of interest: fixed or variable.
- Obtaining the loan is conditional on the establishment and registration with the RNPM of a mortgage on current accounts and, where applicable, on receivables (dividends, rents).
Benefits
You enjoy a number of benefits if you apply for a personal needs loan without collateral or refinance through Garanti BBVA:
- You get your money fast, without income documentation, if you are employed and your income is reported to ANAF.
You benefit from free Credit Repayment Protection Insurance, which covers: involuntary job loss, death, details here
- You benefit from preferential interest rates if you choose to receive your salary at Garanti BBVA according to the table below, as follows:
| Currency | Interest type* |
Reference index | FIXED interest rate* | Variable interest rate | Application Analysis Commission | Monthly management fee |
|
| Margin* | Interest rate (index + margin)** |
||||||
| RON | Fixed | – | 7.98% | – | – | 300 RON | 35 RON |
| RON | Variable | IRCC3M | – | 4.20% | 10.19% | 300 RON | 35 RON |
*The fixed interest rates and margins shown are valid if you receive your income in an account at Garanti BBVA
**The variable interest rate is updated quarterly, depending on the evolution of the index for consumer loans: on January 1st, April 1st, July 1st and October 1st, for the entire duration of the loan.
***The payment of the analysis commission is excluded for the refinancing balance / balance of personal needs loans without collateral contracted before 08.07.2020 for a period longer than 5 years .
Otherwise, the commission from the list of Interest and credit commissions for Individuals is applicable.
Example of calculation in case you cash in your salary in your Garanti BBVA account:
The effective annual interest rate (EIR) is 13.10 % year for a General Purpose Loan in amount of 42,000 Lei for a period of 53 months, with repayment in equal instalments. The interest rate is 10.19%/ year, variable, consisting of IRCC for 3 months + bank margin 4.20%. Loan analysis fee is 300 lei and the monthly administration fee is 35 lei. Monthly instalment amount is 1.022.41 Lei, and the total payable amount is 54,619.29 Lei.
Details of the cost structure (interest, fees, other charges) here.
Important information
Things to consider:
- In the case of a variable interest rate loan, there is an interest rate risk. This risk is generated by changes in the reference index that is part of the interest rate, which can increase the interest rate and increase the monthly repayment amount.
- Obtaining a loan is conditional on the establishment and registration with the RNPM of a mortgage on current accounts and, where applicable, on receivables (dividends, rents)
- Your income may vary. Please make sure that you will be able to pay your monthly installments, even if your income diminishes.
- The minimum eligible income must be at least equal to the minimum wage.
- Several types of income can be taken into account: salary, dividends, rents, etc.
Personal needs loan simulation
In just a few clicks, you can quickly and easily simulate a personal needs loan.
Personal needs loan is easy to get
- Identity document
Documents proving income from salaries, rents, pensions, etc. (you can find out more at Garanti BBVA offices);
- If your salary is reported to ANAF, we only need your approval to check ANAF databases, in which case no income certificate is required
- If your salary is not reported to ANAF, the following documents are required
Income certificate for the last three months
Tax receipt for income earned in the last year
- Only if you are retired, you must also present a copy of one of the following utility bills: mobile or landline phone, electricity, natural gas.
*During the review of your file, bank representatives may ask you for additional documents or information.
- If you want to refinance you will need the following documents:
- A document containing the necessary information on the current account number (in IBAN format) to which the loan will be repaid.
- Refinancing address or loan agreement and addenda together with the last repayment schedule not older than 90 days or only the repayment schedule containing all the identification elements of the loan (type of loan, date of granting, loan currency, loan agreement number, client name, CNP, IBAN repayment account, remaining amount to be repaid).
*During the review of your file, bank representatives may ask you for additional documents or information.
We are waiting for you in one of the Garanti BBVA agencies, which you can find here. There is also the option to open your own account in Garanti BBVA Online.
Complete the process and enjoy your Garanti BBVA personal needs loan.
Other types of loans
Personal loan with mortgage
What are the conditions for obtaining a personal needs loan with mortgage
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Advantages and benefits of Garanti BBVA Online
Less stress, more time and energy! Use the internet for any transaction, anytime you want with Garanti BBVA Online.
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