Credit Magic METRO
(without morgage)

1. Amount of credit (minimum/maximum)

3 000 lei Minimum / Maximum:

a) 30 000 lei - for employees of state enterprises (state employees), budgetary institutions and large enterprises in accordance with the List,
b) 20 000 lei - for the other applicants, also the loan may be obtained up to four monthly salaries.

2. Credit period (minimum/maximum)

Minimum 3 months / maximum 24 months, but not more than the applicant’s retirement age

3. Interest rate paid by the client (minimum/maximum),and method of calculating the interest rate absolute value

     Time of payment of interest - monthly, on the corresponding month of the signing of the contract management of credit.

Calculation method – 365/360

4. Other payments non-included in the interest rate (minimum/maximum)

• Single administrative charge: 2%, minimum 100 lei from the credit amount (until the granting of the loan);

• Commission for analyzing the documents: 80 lei (to 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).

5. Mode (annuities, instalments, integrally) and frequency of payments);

·         Annuity – monthly, in equal instalments

6. Required documents for obtaining a credit

1. Application for credit;
2. Documents certifying the monthly income of the applicant;
3. Work book;
4. Other additional documents certifying the eligibility of the applicant (as the case may be)

Patent owners shall submit:
- Information on income and expenditure;
- the patent owner;
- METRO Cash & Carry confirmation on servicing the patent owner for at least a year.

       5. Declaration on the income tax in case the income statements to the competent authorities are mandatory according to the law.
       6. Identity card.

7. Forms to secure the credits accepted by the Bank

When granting loans of more than 15,000 lei for patent holders that have a term of service at bank’s Partner of at least one year as well as for their employees who are not state enterprises and large enterprises workers  in accordance with the List, Bank will require:

- ownership of a property;

- bail of a person (first of second degree relative, third parties) who owns a property,  in case the applicant has no property.  

8. The advanced repayment effects and penalties related to the loan contract

Commission for arranging advanced loan repayment: is not charged
Penalty:
a). For the amount of an outstanding loan - increased interest plus 5 percentage points, daily calculated on the amount of an outstanding loan (engagement with immediate maturity)
b). For the amount of an outstanding interest - 0.25% of the outstanding interest balance for each day of delay (engagement with immediate maturity)