Personal loan and refinancing

The right loan for you from Garanti BBVA

115.000 Lei

Maximum lending limit and currency

5 years

Maximum lending period

Maximum lending limit and currency: 115,000 Lei
Maximum lending period: maximum 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 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 credit is conditional on the creation and registration with the AEGRM of a mortgage on current accounts and, where applicable, on receivables (dividends, rents)

Maximum lending limit and currency: 115,000 lei
Maximum lending period: maximum 10 years for loans granted for refinancing the balance/sold of loans contracted before 08.07.2020.
Granted for refinancing the balance/sold 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 credit is conditional on the establishment and registration with the RNPM of a mortgage on current accounts and, where applicable, on receivables (dividends, rents).

You enjoy a number of benefits if you apply for a personal loan without real estate collateral or refinance through Garanti BBVA:

Benefit from free Credit Repayment Protection Insurance, which covers: involuntary job loss, death, details here

Moneda	Tip dobândă*	Indicele de referinţă	Dobanda FIXA*	Marjă*	Rata dobânzii (indice + marjă)**	Comision de analiză dosar	Comision de administrare lunară
RON	Fixă	-	9.90%	-	-	200 RON	20 RON
RON	Variabilă	IRCC3M	-	4.95%	10.93%	200 RON	20 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 benchmark for consumer loans: on January 1, April 1, July 1 and October 1, for the entire duration of the loan.

***The refinancing balance/sold for a period longer than 5 years of personal loans without real estate collateral contracted before 08.07.2020 is excluded from the analysis fee. Otherwise, the fee from the list of Interests and Fees for loans to individuals will be applied.

Example of calculation for refinancing offer with salary collection:

The Annual Percentage Rate (APR) is 10.71%/year, for a personal loan of 42,000 Lei over a period of 53 months with repayment in equal installments. The interest rate is 9.01%/year, variable, consisting of IRCC at 3 months + bank margin 4.95%, the analysis fee is 200 lei and the monthly management fee is 20 lei. The monthly installment is 983,49 Lei and the total amount payable is 54,412.59 Lei.

Details of the cost structure (interest, fees, other charges) here.

Things to consider:

In the case of variable interest rate credit, there is an interest rate risk. This risk is generated by changes in the benchmark index that is part of the interest rate, which can increase the interest rate and increase the monthly repayment amount.
Obtaining credit is conditional on the establishment and registration with the AEGRM 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 goes down.
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.