A real estate loan, a personal loan or a car loan in euros will be around 5% more expensive in 2009 as compared to 2008, despite the economic downturn and the falling Euribor and Robor rates. ZF used offers from five Romanian banks, BRD, Raiffeisen Bank, Alpha Bank, UniCredit Tiriac Bank and Piraeus Bank, to calculate the evolution of loan rates in July 2009 from the same period of 2008. Whereas last July a person intending to buy a 3-room new apartment directly from a developer paid an average monthly instalment of around 1,600 euros for a 30-year real estate loan worth 150,000 euros, in July 2009 the monthly instalment revolves around 1,650 euros on average for the same type of loan. The situation is similar in the case of loans for the acquisition of a car. For a 5-year car loan worth 9,000 euros, a Romanian in 2009 pays an average monthly instalment of 255 euros, while in 2008 the instalment averaged 240 euros for the same type of loan. For a 15,000-euro personal loan that can be paid back in 10 years, the monthly instalment reaches 280 euros in 2009, while the average instalment stood at around 260 euros last July.

Subiecte #banks#Euribor#interest rates#robor