Banc Post enters mortgage market

The mortgage credit market, which has been rapidly growing since the beginning of the year, saw a new offer launched yesterday, following those launched by several players on the retail market this spring. Banc Post yesterday released the mortgage credit programme aimed at those looking to buy, build or improve a home. The value of the loans ranges from 5,000 euros and 100,000 euros. The credits are granted for five years at least and 15 – 25 years at most. Fiercer competition on this market could improve lending conditions, especially because other players, such as UniCredit Romania, are planning to launch this product, as well. ZF