* Interest - Fixed 5 years + Variable from year 6.
**Estimated value, determined according to age, borrowed amount and health status; the value is decreasing following the evolution of the balance to be repaid.
Minimum advance of 15%.
The information presented is purely indicative and has no contractual value. The estimated calculation does not include building insurance, which can be concluded independently by the customer.
REFINANCING AND NEW LOANS
The repayment term of the borrowed amount is flexible, up to 360 months.
The borrowed amount is up to EUR 500,000 ( RON equivalent) with fixed interest from 4.89% in the first 3 years and variable interest rate of 2,19% margin + IRCC starting from the 3rd year;
You can take the loan together with up to 3 co-payers (husband, wife, partner, parents, kids, brothers)
Refinancing of real estate investment loans granted by other banks or refinancing of “First House / New House” real estate investment loans granted by First Bank S.A. (does not apply to the refinancing of other types of real estate investment loans granted by First Bank S.A.).
SUPER AVANTAJ
The notary costs related to the mortgage paid by us (within the limit of 2000 lei);
Lower monthly rate;
*DAE (in RON) – Fixed. Client with income received in First Bank accounts – calculated for a loan amount of 550,000 RON, over a period of 360 months, with repayment in equal monthly installments, with an annual interest rate of 4.89% for the first 3 years and a margin of 2.19% + IRCC starting from year 4, taking into account the analysis fee, current account fee, life insurance with an estimated monthly cost of 104 RON and property insurance with an estimated annual cost of 713 RON (for a property guarantee value in RON), property appraisal fee of 500 RON, real estate publicity formalities fee of 0 RON, and registration fee in the Archives of Real Estate Guarantees of 87.60 RON, DAE = 7.66%.
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You can find the complete product sheet and the price example here.
An offer of residential complexes
Now you can get both your home and your funding from the same place.
If you still have questions, look for answers below.
What documents are required to obtain the approval for a real estate investment loan?
If your monthly income is recorded in the NAFA database, you only need your / your co-payer’s Identification Document, if applicable).
Up to what age can I apply for a home improvement loan?
The maximum age for the loan, at the end of the lending period, must be 65 years.
If I cannot get the amount I want, can I bring a co-payer?
Yes. You can bring in maximum 4 co-payers (additional to the spouse or partner).
What monthly income do I need to have to apply for a real estate investment loan?
Minimum EUR 300 / month (in RON equivalent). This level also applies to each of the co-payers (if applicable).
How can I find out what the maximum amount I can get is?
Visit any First Bank agency or visit our webpage at www.firstbankliveshop.ro and we shall provide you with a loan offer that also includes alternatives solutions, and you have 15 days to decide on the best option.
If the salary payment date changes, can I also change the due date of my loan so that I do not record any arrears?
Yes. You can always request, free of charge, to change the due date for your loan.
If my income is from royalties, can I still apply for a home improvement loan?
Yes. Income from royalties is accepted alongside with income from salary, pensions, mandate contracts, self-employment, management contracts or agency contracts, rents, life annuity income.
It is mandatory to conclude insurance policies only through the bank’s partners?
No. You can conclude insurance policies through any insurance company, provided that the minimum insured amount requirements and the covered risks are met. However, through the bank's partners, you can benefit from negotiated levels of insurance premiums.
If I did not find the apartment / house I want to buy by means of this loan, can I find out the maximum amount I could get?
Yes. After reviewing your loan application, the bank provides you with a financial approval letter whereby you find out the maximum amount you can qualify for. Within 60 days of the date of issue, you can decide on the property you want to buy.
What happens if, during the lending period, I can no longer comply with the monthly income transfer condition?
In this case you will lose the interest rate discount originally granted.
What should I know before signing a loan agreement?
Everything you need to know about a loan agreement you will find here (only in romanian): http://www.educatiefinanciara.info/all-project-list/creditarea-pentru-bunuri-imobile/
Can I make early repayments?
You can repay in advance partially or fully, at any time, any amount for free (including Prima Casa loan), opting for any of the options: to reduce the monthly payment amount, the crediting period or a combination thereof.
What is the monthly credit installment composed of?
The rate consists of two components: principal and interest. The principal represents a portion of the borrowed amount that is returned to the bank monthly, and the interest represents the monthly cost of the loan. The longer the loan period, the weight of interest in the monthly rate increases, especially in the first half of the loan period. This is because in the early years, the loan balance is high, and the interest is calculated according to this balance.
How is the loan repayment in equal installments calculated?
In this situation, in the early stages of the repayment period, the bank will allocate a relatively small amount of the monthly installment to cover the principal (the amount borrowed), while the majority difference will be represented by costs (interest and fees applied to the remaining principal of returned). As time passes, the proportion of the principal in the total amount of the rate will increase, reversing the ratio of the component parts of the rate. In the case of equal rates, the debt to the bank (the amount borrowed) will decrease at a slower rate.
How is the repayment of the loan calculated in decreasing installments?
In this situation, the borrowed amount is divided into equal installments, and the monthly installment is composed of a principal installment and the costs applied to the principal to be returned to the bank. Although the initial payment amount may be about 20% higher than in the case of equal installments, as the loan repayment period progresses, the customer will pay a lower monthly installment. It is also important to note that the borrowed principal to the bank is constantly reduced by the same amount.
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Loan Value
Reimbursement period
