Disclosed information | „ Credit Ordinar” |
1. Amount of credit (minimum/maximum) | Maximum 100% of the project cost |
2. Credit period (minimum/maximum) | 48 months |
3. Interest rate paid by the client (minimum/maximum), and method of calculating the interest rate absolute value | 16%
Calculation method – 365/360
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4. Other payments non-included in the interest rate (minimum/maximum) | - Single administrative charge: 2%, minimum 100 lei, of the amount of the issued credit;
- Comission of capitalization: 1% from the outstanding balance at the beginning of the each year of the utilization of the loan (at the first day (which is the date when the loan agreement was signed) of the each year of the utilization of the loan).;
- Fee for changing contractual terms: 2%, at least 100 lei, from the loan balance (untill the changes a made);
- Tax collection - established in the agreement between the bank and collection company, calculated from the recovered amount of outstandings (commitment with immediate maturity).
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5. Mode (annuities, instalments, integrally) and frequency of payments); | a) Annuity – monthly, in fixed equal instalments; b) In fixed equal instalments plus the interest related to the credit for the current month; c) In instalments according to the project plus interest related to the credit for the current month. |
6. Required documents for obtaining a credit | - Application for credit;
- Documents certifying the monthly income of the applicant and his/her spouse;
- Work book;
- Identity card;
- Documents confirming the credit purpose (as the case may be);
- Documents confirming property rights to assets offered as mortgage.
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7. Forms to secure the credits accepted by the Bank | 1. Securities accepted by the bank: - immovable assets;
- bank deposits;
- securities;
- bail.
2. Package Insurance: Insurance for the benefit of the Bank of immovable asset mortgaged to the bank at the property's replacement value |
| 8. The advanced repayment effects and penalties related to the loan contract | - Commission for arranging advanced loan repayment: 5% of the amount of advanced payment of the credit (until the advanced payment of the credit)
a). Increased interest of an outstanding loan according to the terms of the contract (plus 5 percentage points of the interest applied to the use of credit), applied to the unpaid amount according to the contract (engagement with immediate maturity)
b). Penalty for an outstanding interest: 0,1% for each day of delay applied to the balance of the outstanding interest (engagement with immediate maturity) |
