Citibank helps customers extend their vacation by offering 800 flight tickets vouchers to all Blue Air destinations, for approved personal installment loans until October 15, 2011, said the bank in a press release.rnrnCustomers with a loan amount higher than 55000 lei will enjoy a 160 euro flight ticket voucher, while customers with a loan amount under 55000 lei will benefit from a 80 euro flight ticket voucher to a Blue Air destination of their choice.rnrnCitibank personal installment loan is offered in lei, at a fixed interest rate starting with 13,99%*, with no monthly fee, guarantee or advance payment needed. The maximum loan amount is 60000 lei for a period of 6 years and can be reimbursed in equal monthly installments. The customer can decide on the purpose of the loan, having the possibility to refinance his debts from other banks. The approval time for a personal loan is 24 hours** and the applicant has up to 30 days, from the approval date, to change their mind if they decide not to pursue the loan.rnrn“At Citibank, we strive to create the best outcome for our customers with financial solutions that are creative, responsible and that are able to offer added value. This partnership with Blue Air is part of a special benefits series for new loans customers, which started in February with citybreaks for Valentine’s Day and continued with gifts including a test drive with a supercar in May, and a trip to Dubai during the summer”, Mihaela Nacu, Consumer Loans Head at Citibank Romania, declared.rnrnFor their ease and convenience, applicants can discuss online with Citibank specialists about the conditions for a loan using the Live Chat application, which is available 24/7 on the bank’s website www.citibank.ro. Also, for additional information the applicant can request a meeting with one of Citi’s representatives at a preferred time and place.rnrnFurther information on the personal installment loan offer is available online at www.citibank.ro, by contacting the CitiPhone service line 0800801040, or by sending the text “ZBOR” by SMS at 1824. The complete campaign regulation is available at www.citibank.ro.rnrn*When net salary is transferred into a Citibank Romania account, due to an agreement signed between the Company and Bank, clients benefit from a special annual interest of 13,99%. rnrn**From the moment of receiving the complete documentation from the client DAE = 15,40%, calculated for a 55.000 RON loan, 6 years period with an annual interest rate of 13,99%. Monthly repaid interest is 1145,38 RON. DAE = 18,88%, calculated for a 55.000 RON loan, 6 years period with an annual interest rate of 16,99%. Monthly repaid interest is 1236,57 RON. DAE = 21,26%, calculated for a 55.000 RON loan, 6 years period with an annual interest rate of 18,99%. Monthly repaid interest is 1299,43 RON.
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The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank
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