BRD enters refinancing deal battle with 7% interest per annum for lei

BRD, the second biggest bank domestically, joined the battle of attracting clients by refinancing older loans released by competitors, in which several top players had already engaged.

The bank resumed the offer of collateral-free consumer loans in lei at a fixed nominal interest rate of 7% per annum, it had tested the market with in the spring of 2010. Unlike the 2010 campaign, the annual percentage rate is somewhat lower, stopping at 12.4% per annum. In the standard offer, interest rates for lei consumer loans range between 7.5% and 9% per annum, depending on the repayment period.

“Expresso Restart can refinance all types of loans. (…) Moreover, the new loan that replaces the old ones can bring you an additional sum of money,” reads the presentation published on the bank’s website.