Personal loan with mortgage
For all the big plans
- Find out the features of the BBVA Garanti loan, the advantages and how to get it.
Choose a loan that helps you turn your dreams into reality!
Features of personal loan with mortgage
Whether you want to fulfill your most desired plans with a personal loan with mortgage or refinance a loan, you have all the information:
- Maximum amount and currency: EUR 300,000 or RON equivalent
- Maximum lending period: 5 years
- The product can be used to meet personal needs or to refinance other loans with additional funds, irrespective of when they were granted.
- The minimum income required is 2000 RON.
- Several types of income can be taken into account: salary, dividends, rent, etc.
- Obtaining the loan is conditional on:
- The establishment of a first rank mortgage on the purchased real estate;
- The establishment of a mortgage of movable property on current accounts and, where applicable, on receivables (dividends, rents);
The conclusion of a mandatory PAD policy and an optional insurance policy on the real estate pledged as collateral (see details here);
- The conclusion of a life insurance policy
The mortgages of movable/immovable property will be registered, where applicable, at the National Registry of Real Estate and Land Register.
Refinancing loans from other banks
- Maximum amount and currency: EUR 300,000 or RON equivalent
- Maximum lending period for refinancing loans granted before 08 July 2020:
- a maximum of 10 years in the case of refinancing loans for which the remaining repayment period is less than 10 years.
- a maximum of 30 years in the case of loans with a remaining repayment period of more than 10 years. The period of the new loan will be equal to the remaining period, but no more than 30 years.
- Refinancing of loans will be done on a balance/balance basis, without granting any 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, rent, etc.
- Type of interest: variable
- Obtaining the loan is conditional on:
- The establishment of a first rank mortgage on the purchased real estate;
- The establishment of a mortgage of movable property on current accounts and, where applicable, on receivables (dividends, rents);
The conclusion of a mandatory PAD policy and an optional insurance policy on the real estate pledged as collateral (see details here);
- The conclusion of a life insurance policy;
The mortgages of movable/immovable property will be registered, where applicable, at the National Registry of Real Estate and Land Register.
Benefits
You enjoy a number of benefits if you apply for a personal loan with mortgage or refinance through Garanti BBVA:
- Get your money fast, without income documentation, if you are employed and your income is reported to ANAF
More than ever, the included Credit Repayment Protection Insurance becomes a safety tool for your plans, no matter the period. link to new page
- Benefit from preferential interest rates if you choose to receive your salary at Garanti BBVA, thus:
| Currency | Interest rate type* |
Reference Reference |
Margin* with life insurance | Margin* without life insurance | Interest rate (index + margin) with life insurance ** | Interest rate (index + margin) with life insurance ** | File analysis comission |
Monthly management fee |
|---|---|---|---|---|---|---|---|---|
| RON | Variable | IRCC 3M** | 3.15% | 3.03% | 9.14% | 9.02% | 1000 RON | 0 RON |
| EUR | Variable | EURIBOR 6M*** | 3.75% | 3.63% | 7.335% | 7.215% | 220 EUR | 0 EUR |
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 5.99% and is updated every January 1, April 1, July 1 and October 1 for the entire duration of the loan;
The effective annual interest rate (EIR) is 10.02% year for a personal loan with mortgage collateral in amount of 370,500 Lei for a period of 57 months, with repayment in equal monthly instalments. The interest rate is 9.14% / year, variable, consisting of IRCC la 3 months + bank’s margin 3.15%. Loan analysis fee is 1000 lei and monthly administration fee is 0, applied to loan balance. Monthly instalment amount is 8.037.10 Lei and the total amount payable is 462,187.39 Lei;
Details of the cost structure (interest, fees, other charges) here.
Important information
Things to consider when taking out a loan:
- Your income may vary. Please make sure that you will be able to pay your monthly installments, even if your income goes down.
- In the case of variable interest rate loan, 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.
For more detail information related to General Purpose Loan with Collateral please check this guide.
Personal loan with mortgage 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).
*În timpul analizei dosarului, reprezentanții băncii vă pot cere documente sau informații suplimentare.
We are waiting for you in one of the Garanti BBVA agencies, which you can find here.
- Complete the process and enjoy your Garanti BBVA account
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