BCR discontinues RON-denominated mortgage loans

BCR, the biggest bank on the Romanian market by assets, is no longer selling RON-denominated real estate loans and RON-denominated unsecured loans.

The bank has also dropped from its offer the fixed, 7.75% a year interest rate on real estate loans levied in the first five years, and the monthly 0.2% loan management fee. On the other hand, the interest rate margin on the Casa Mea (My Home) loan has been boosted by 0.35%, to 5.25% a year above six-month Euribor.
BCR has favoured euro-denominated secured loans in the past as well, considering that in the First Home scheme, where the bank had the biggest cap allocated, BCR only had euro-denominated loans in its offer.
As far as RON-denominated unsecured personal loans are concerned, the bank offers a fixed interest rate ranging between 17.2% and 20.2% a year depending on the maturity and on the customer’s credit history with the bank. The bank’s offer of secured personal loans continues to include both RON and euro-denominated loans.