Bancherul - BANCI / ENGLISH / OTP Bank Romania: personal loans with favorable conditions

OTP Bank Romania comes to meet its clients’ needs with favorable interest rates and absolutely transparent costs for the personal loans without mortgage, both for new loans and for refinancing loans.

Thus, when contracting a personal loan without mortgage in RON, the interest is only 14.05%*, fluctuant quarterly interest in accordance with the formula ROBOR 3L + 7.43% and 14.99% DAE.

OTP Bank offers a maximum amount of EUR 10.000 (or Ron equivalent), for a reimbursement period of maximum 7 years for RON loans and 5 years for EUR loans.

Moreover, clients benefit from multiple advantages, such as:

The possibility to also use the personal loan for reimbursing other loans;
Wide range of incomes accepted;
No advance or guarantees are needed;
0% monthly administration commission for a loan in RON;
ZERO analyzing commission;
Free current account opening and no administration fee;
Free life insurance during the entire lending period;
The interest rates are updated each quarter, in an absolutely transparent way, in accordance with the evolution of the reference interest rate;

Clients can repay the loan any time, with 0% in advance reimbursement commission.

Moreover, for those who already are OTP Bank’ clients and have a personal loan which is to reach its maturity in the following period, the bank provides promotional interest rates when contracting a new personal loan: 9.99%** fixed interest rate in RON during the entire loan period (13.12% DAE).

“OTP Bank Romania provides special conditions for the personal loan, because we want to fulfill each client’s wish, no matter whether if he wants a new computer, wishes to have the holiday of his dreams or needs to balance his budget by reimbursing other loans. We constantly look for new ways of improving our products, in order to offer the best solutions to our clients’ needs”, stated Gabriel Cretu, Sales Director, OTP Bank Romania.

OTP Bank Romania is a member of OTP Group, the largest independent Central-Eastern-European banking group. OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia, for more than 13 million clients, through almost 1500 branch offices, the ATM network and electronic channels.

*For a personal loan of RON 10.000, for a 7 years period, DAE is of 14.99% and the total payable value is of RON 15.765,12.
**Fixed interest rate of 9.99% during the entire loan period for a personal loan of RON 10.000, given for a 84 months period, DAE is of 13.12% and the total payable value is of RON 14,887. Monthly administration commission is of 0.2%, a monthly percent from the remaining balance.